How to Buy Icon Energy Stock
Icon Energy Corp
Icon Energy Corp. operates as an international shipping company. The Company focuses on acquiring, owning, chartering, and operating dry bulk vessels, as well as offers sea-borne transportation services for dry bulk cargo, including iron ore, coal, grains and bauxite, steel, sugar, fertilizers, cement, and scrap metal.
Icon Energy stock last closed at $1.61, down 1.23% from the previous day, and has decreased 98.05% in one year. It has underperformed other stocks in the Marine Shipping industry by 0.76 percentage points. Icon Energy stock is currently +0.63% from its 52-week low of $1.60, and -98.77% from its 52-week high of $130.80.
At the moment, there are 2.19M ICON shares outstanding. The market cap of ICON is $3.52M. In the past 24 hours, 30,400 ICON shares were traded.
How to Buy Icon Energy Stock
Not sure how to invest in Icon Energy stock? Here's how.
- Choose where to buy Icon Energy stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Icon Energy stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your info.
- Analyze Icon Energy stock: The Icon Energy ticker symbol is ICON. Is Icon Energy stock a good investment? Should you buy shares of ICON? How do ICON's underlying business fundamentals look? Do top analysts think Icon Energy is a good buy? Why has ICON's stock price moved recently? (Hint: Our stock market research website can help you figure out if ICON is a good stock to buy).
- Make your ICON buy order: Decide if you will purchase ICON shares at the current market price or use a limit order to buy ICON stock at a particular price.
- Keep tabs on your investment in ICON: Create a watchlist to get the latest news on your investment in Icon Energy stock.
Step 1: Choose where to buy Icon Energy stock
You will need an online brokerage account to access the NASDAQ market and buy ICON stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you are able to invest in ICON today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open your new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've finished signing up on the best stock market app for beginners, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your investment account.
Step 4: Analyze Icon Energy stock
Once you have identified the best place to buy Icon Energy stock, it's very important to analyze their stock prior to investing, so you truly wrap your head around the risk and upside.
Icon Energy quick stats
Fundamentals of Icon Energy
WallStreetZen was created to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ICON's stock page.
How is ICON stock valued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge ICON's true value.
Using relative valuations metrics:
- ICON could be undervalued based on its P/B ratio of 0.17x, relative to Marine Shipping industry P/B ratio of 0.9x
You can access additional valuation analysis on ICON's stock here.
ICON Financial Summary
Signs that ICON is financially healthy:
- There are more short-term assets than short-term liabilities on the ICON balance sheet.
Signs that ICON is not financially healthy:
- ICON has $3.99M in cash and short term investments. This is not enough to cover its annual cash burn of $24.22M.
- ICON has a relatively high debt to equity ratio of 1.87.
- ICON profit margin has gone down from 28.2% to -115.1% in the past year.
- There are more long-term liabilities than short-term assets on the ICON balance sheet.
- ICON has cash burn of 24215000. It does not have sufficient cash and short-term investments to cover this.
You can dive deeper into what analysts are saying on the Icon Energy stock forecast page.
ICON Technicals
How are ICON Revenues/Earnings doing?
Last year, ICON revenue was $6.14M. Over the last one years, ICON's revenue has gone up by 25.6% per year. This was faster than the Marine Shipping industry average of 19.96%.
You can analyze ICON's earnings and revenue performance here.
Latest Insiders Trades at ICON
In the past 12 months, executives and large shareholders at ICON have not bought or sold any shares.
Learn more about who owns ICON shares here.
Does ICON provide a stable income stream?
Icon Energy pays a dividend of 215.53%, compared to the Marine Shipping industry's average dividend yield of 13.03%. If you owned $1,000 of ICON stock, you would have received $2,155.28 last year.
Get more analysis about Icon Energy dividend yield and history here.
What others are saying about ICON
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your ICON buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, place a limit order.
Click the Open Trade button and your broker will place the order.
If you need additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Keep tabs on your investment in ICON
Now that you own some shares in ICON, you'll want to keep up with your new stock purchase.
Make a watchlist to get alerted to the latest events about your ICON stock.
ICON Feed
How to Buy Stock in Icon Energy
To summarize, here are the 6 steps for buying Icon Energy stock:
- Choose where to buy Icon Energy stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Analyze Icon Energy stock
- Make your ICON buy order
- Keep tabs on your investment in ICON
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Icon Energy, click below.
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