Icon Energy Corp Stock Price on November 6, 2024
| ICON Stock | USD 2.84 0.22 8.40% |
If you're considering investing in Icon Stock, it is important to understand the factors that can impact its price. As of today, the current price of Icon Energy stands at 2.84, as last reported on the 30th of November, with the highest price reaching 2.94 and the lowest price hitting 2.61 during the day. Icon Energy appears to be risky, given 3 months investment horizon. Icon Energy Corp holds Efficiency (Sharpe) Ratio of 0.0818, which attests that the entity had a 0.0818% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Icon Energy Corp, which you can use to evaluate the volatility of the firm. Please utilize Icon Energy's Downside Deviation of 3.52, risk adjusted performance of 0.0368, and Market Risk Adjusted Performance of 0.1227 to validate if our risk estimates are consistent with your expectations.
At this time, Icon Energy's Total Stockholder Equity is very stable compared to the past year. As of the 30th of November 2024, Other Stockholder Equity is likely to grow to about 9 M, while Common Stock Shares Outstanding is likely to drop about 1.1 M. . As of the 30th of November 2024, Price To Sales Ratio is likely to drop to 0.97. In addition to that, Price Earnings Ratio is likely to drop to 3.74. Icon Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Icon |
Sharpe Ratio = 0.0818
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Estimated Market Risk
| 4.96 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.41 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average Icon Energy is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Icon Energy by adding it to a well-diversified portfolio.
Price Book 0.3728 | Enterprise Value Ebitda 2.2679 | Price Sales 0.7303 | Shares Float 172.4 K | Wall Street Target Price 7 |
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Icon Energy Valuation on November 6, 2024
It is possible to determine the worth of Icon Energy on a given historical date. On November 6, 2024 Icon was worth 2.13 at the beginning of the trading date compared to the closed value of 2.14. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Icon Energy stock. Still, in general, we apply an absolute valuation method to find Icon Energy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Icon Energy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Icon Energy's related companies.
| Open | High | Low | Close | Volume | |
| 2.07 | 2.14 | 2.01 | 2.14 | 5,393 | |
11/06/2024 | 2.13 | 2.14 | 2.05 | 2.14 | 4,267 |
| 2.17 | 2.24 | 2.01 | 2.07 | 14,994 |
| Backtest Icon Energy | | | Icon Energy History | | | Icon Energy Valuation | Previous | Next |
Icon Energy Trading Date Momentum on November 6, 2024
| On November 07 2024 Icon Energy Corp was traded for 2.07 at the closing time. The top price for the day was 2.24 and the lowest listed price was 2.01 . The trading volume for the day was 15 K. The trading history from November 7, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 3.27% . The trading delta at closing time against the current closing price is 0.93% . |
Icon Energy Corp Fundamentals Correlations and Trends
By evaluating Icon Energy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Icon Energy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Icon financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Icon Energy Stock history
Icon Energy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Icon is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Icon Energy Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Icon Energy stock prices may prove useful in developing a viable investing in Icon Energy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 1.1 M | 1.1 M |
Icon Energy Stock Technical Analysis
Icon Energy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Icon Energy Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
Icon Energy Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Icon Energy November 30, 2024 Market Strength
Market strength indicators help investors to evaluate how Icon Energy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Icon Energy shares will generate the highest return on investment. By undertsting and applying Icon Energy stock market strength indicators, traders can identify Icon Energy Corp entry and exit signals to maximize returns
Icon Energy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Icon Energy's price direction in advance. Along with the technical and fundamental analysis of Icon Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Icon to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0368 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.66) | |||
| Sortino Ratio | 0.0136 | |||
| Treynor Ratio | 0.1127 |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Icon Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Is Ground Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Icon Energy. If investors know Icon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Icon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.326 | Earnings Share 0.95 | Revenue Per Share 24.43 | Quarterly Revenue Growth 0.178 |
The market value of Icon Energy Corp is measured differently than its book value, which is the value of Icon that is recorded on the company's balance sheet. Investors also form their own opinion of Icon Energy's value that differs from its market value or its book value, called intrinsic value, which is Icon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Icon Energy's market value can be influenced by many factors that don't directly affect Icon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Icon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Icon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Icon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.