The leading market experts have placed a mean price target of $10.67 on Iconix Brand Group, Inc. (NASDAQ:ICON) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.22 a share for the upcoming quarter and $1.19 for the current fiscal.
The technical analysis of Iconix Brand Group, Inc. plainly substantiates that the 50-day moving average of Iconix Brand Group, Inc. is $7.48, and stock is trading $1.26 points away or +16.78% from its 50-day moving average of $7.48. Further it is trading $0.97 or +12.55% away its 200-day moving average of $7.77. Iconix Brand Group, Inc. (NASDAQ:ICON) 52-week high is $16.88 and the 52-week low is $4.67.
This explains if the stock moves $-8.14, it will post a 52-week high. In event of +87.15% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Iconix Brand Group, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Iconix Brand Group, Inc. (NASDAQ:ICON) ratio came in at N/A.
The stock last ended the trading session at $8.74 and registered a market cap of $490.54M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Iconix Brand Group, Inc. (NASDAQ:ICON) PEG ratio is at 0.49.
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