Buzzing Stock: Iconix Brand Group, Inc. (NASDAQ:ICON)


As per the research groups listed in Thomson Reuters survey, Iconix Brand Group, Inc. (NASDAQ:ICON), the stock can touch mean price target of $10.670 in coming period. This price target highlights the recommendations of leading experts in the market. Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.180 per share in looming quarter and $1.130 during current fiscal. Technical Forecast While evaluating Iconix Brand Group, Inc. on the technical side, it is seen that the firm’s shares price is at $0.416, which is +5.981% off 50-day MA of $6.963. The stock is $-0.163, which is -2.160% off $7.542, which is 200-day MA of Iconix Brand Group, Inc.. MA here stands for moving average. Iconix Brand Group, Inc. (NASDAQ:ICON) stock made a high of $16.880 in last 12-months while the lowest level in same period was $4.670. It entails if stock price makes a movement of over $-9.501, it will make a new 52-week high. In the case of $+58.009% points decline, it will touch a new 52-week low. Valuation Level The valuation of Iconix Brand Group, Inc. is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Iconix Brand Group, Inc. (NASDAQ:ICON) P/E ratio is N/A. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Iconix Brand Group, Inc. it stands at 0.430.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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