Iconix Brand Group Inc. (ICON)

[thelionwarrior]

Iconix Brand Group, Inc. (ICON) Stock Could Fly Ahead

The average 12-month price target analysts expect from Iconix Brand Group, Inc. (NASDAQ:ICON) is $0.8. This mean price target represents 400% upside over its previous closing price. The stock enjoyed an overall downtrend of -87.6% from the beginning of 2018. The closing share price quoted for November 28, 2018 was $0.16. The -1.84% drop might have been tempting for an investor to sell at this point but in fact that would prove a short-sighted mistake, as sell-side analysts think there is almost 400% more gain yet to come for shareholders. Analysts seemed to set $0.8 as highest price target on its way to greater gains. The median price target they presented was $0.8 for the next 12-months, which suggests a 400% upside from current levels. Some analysts have a lowest price target on the stock of $0.8, which would mean a 400% gain in value.
A fresh roundup today notes that ICON stock has lost around -91.17% of its value in the past 12 months, suggesting more investors have expressed concern about about in that time period. If we turn to the Street in general, the negaitives still outweigh the positives as we can see that Iconix Brand Group, Inc. (ICON), have a sell (3) analyst consensus rating. In the current time, the stock has 0 buy and 1 hold ratings. The stock registered its 52-week high of $2.06 on February 12 and its 52-week low of $0.13 on November 23. Currently, the shares are trading $-0.57 below its YTD moving average of $0.73.
Moving on, Iconix Brand Group, Inc. (ICON) last reported its June 2018 earnings. For brief highlights, it performed weak in that quarter, with earnings down -54% year-over-year at $0.12. The company surprised analysts by 0 who were expecting $0.12 per share. Overall, its quarterly revenues dropped by -19% to reach $50.21 million, while it had reported $61.65 million in the same period a year ago. To see what investors should really expect from its September 2018 financial results consensus analyst estimates are calling for current quarter earnings per share, up from $0.24 in the same quarter a year ago. However, earnings-per-share are expected to see growth of 0% in next year. From there, the company believes it can achieve a long-term annual earnings growth rate of 15 %. At the other end of the income statement, we have seen revenue of $197.3 million over the trailing 12 months.

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