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Icon Energy Corp (ICON) Stock Could Soon Reward Patient Investors

Icon Energy Corp (NASDAQ: ICON) is -97.86% lower on its value in year-to-date trading and has touched a low of $0.05 and a high of $3.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ICON stock was last observed hovering at around $0.05 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.05, the stock is -56.19% and -85.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.61 million and changing -8.08% at the moment leaves the stock -97.38% off its SMA200. ICON registered a loss of -97.72% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $11.44976 and a 200-day simple moving average (SMA200) of $73.24441.

The stock witnessed a -77.97% gain in the last 1 month and extending the period to 3 months gives it a -97.75%, and is -52.44% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 31.84% over the week and 24.12% over the month.

Current P/E ratio is 0.16. Profit margin for the company is 20.10%. Distance from 52-week low is -4.40% and -98.76% from its 52-week high.

, but quarterly earnings will post 29.58% year-over-year.

Icon Energy Corp (ICON) Top Institutional Holders

2.0 institutions hold shares in Icon Energy Corp (ICON), with institutional investors hold 7.61% of the company’s shares. The shares outstanding are 10.61M, and float is at 9.68M with Short Float at 15.10%. Institutions hold 6.94% of the Float.

Icon Energy Corp (ICON) Insider Activity

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