Icon Energy Corp (NASDAQ: ICON) Drops -58.27% Over A Month, But Analysts Still See Upside Potential

Icon Energy Corp (NASDAQ:ICON) currently has a daily average trading volume of 329.18K but it saw 1341031 shares traded in last market. With a market cap of 0.58M USD, the company’s current market price of $2.17 came rising about 21.23 while comparing to the previous closing price of $1.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $154.00 and as low as $1.60. In the recent trading on the day, stock has struck highest price mark of $1.7687 while lowest mark touched by it was $2.65.

Taking a look at 20-day trading activity of Icon Energy Corp (ICON) gives us an average price of $4.0300, while its current price level is -98.59% below from 52-week high level whereas it is 35.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.8800. A closer look into the stock’s movement over the week reveals that its volatility is standing at 42.50% during that period while stretching the period over a month that decreases to 25.58%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.54 which implies that the stock is in oversold territory.

Over the week, ICON’s stock price is moving -44.59% down while it is -58.27% when we observe its performance for the past one month. Year-to-date it is -97.57% down and over the past year.

Currently, Icon Energy Corp’s total number of outstanding shares is 0.27M with 1.10% of that held by the insiders while 0.87% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 7.90%. It has a price to earnings ratio (P/E ratio) of 0.18. Stock has a price to book (P/B) ratio of 0.01 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is 4.50% on average.