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 $1.97, down 4.83% from the previous day, and has decreased N/A in one year. It has underperformed other stocks in the Marine Shipping industry by N/A percentage points. Icon Energy stock is currently +23.13% from its 52-week low of $1.60, and -98.7% from its 52-week high of $151.41.
At the moment, there are 36,250 ICON shares outstanding. The market cap of ICON is $71.41k. In the past 24 hours, 85,556 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 0.01x, relative to Marine Shipping industry P/B ratio of 0.75x
You can access additional valuation analysis on ICON's stock here.
ICON Financial Summary
Signs that ICON is not financially healthy:
- There are more long-term liabilities than short-term assets on the ICON balance sheet.
- ICON has $946.00k in cash and short term investments. This is not enough to cover its annual cash burn of $17.16M.
- ICON has a relatively high debt to equity ratio of 1.45.
- ICON profit margin has gone down from 25.8% to -22.4% in the past year.
- There are more short-term liabilities than short-term assets on the ICON balance sheet.
- ICON has cash burn of 17161000. It does not have sufficient cash and short-term investments to cover this.
Do analysts think it's a good time to buy Icon Energy stock
Out of 1 sell side analysts who give forecasts on ICON, the consensus analyst rating on ICON is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Icon Energy stock forecast page.
ICON Technicals
ICON Growth Numbers
Last year, ICON revenue was $5.31M. In the past 2 year, ICON's revenue has grown by -14.37% per year. This was slower than the Marine Shipping industry average of 37.51%.
You can analyze ICON's earnings and revenue performance here.
Latest Insiders Trades at ICON
In the last year, executives and large shareholders at ICON have not bought or sold any shares.
Research more about who owns ICON stock here.
Does ICON stock generate passive income?
Icon Energy pays a dividend of 335.03%, compared to the Marine Shipping industry's average dividend yield of 22.07%. If you owned $1,000 worth of ICON stock, you would have been paid $3,350.25 last year.
Find more data about Icon Energy dividend yield and history here.
What do other traders have to say about ICON?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your ICON buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given price, use a limit order.
Click the Open button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, click 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 company.
Start a watchlist to get the latest updates 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 favorite venue.
Get Started with eToro TodayIf you want to watch your new investment in Icon Energy, get started below.
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