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


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.

Technical View

The technical analysis of Iconix Brand Group, Inc. plainly substantiates that the 50-day moving average of Iconix Brand Group, Inc. is $7.55, and stock is trading $0.83 points away or +10.99% from its 50-day moving average of $7.55. Further it is trading $0.61 or +7.81% 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 $-8.50, it will post a 52-week high. In event of +79.44% 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 $8.38 and registered a market cap of $470.34M. 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.

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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