ICON stock: buy or sell?

ICON stock price: $1.92 -0.52% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Shares of Iconix Brand closed today at $1.92 and declined a bad -0.52%. On September/13 ICON boosted an amazing 6.81%. Friday was the 3rd red session in a row, sliding in full a -7.00%.

Iconix Brand Group, Inc., a brand management company, owns, licenses, and markets a portfolio of consumer brands across the women's, men's, entertainment, and home industries in the United States and internationally.

Should I buy ICON stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Iconix Brand stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ICON will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Iconix Brand stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for ICON stock for the last month.

ICON stock analysis

Daily outlook

Iconix Brand declined a bad -0.52% and closed at $1.92.

Iconix Brand shares declined -0.52% to $1.92 today. For the last 29 days when ICON stock price broke up the SMA200d line, it gained $0.54 (39.13%). From a daily outlook perspective, ICON is drawing an uptrend of rising tops and rising bottoms. Since its last top on Sep/5 at $2.10, price slid and bounced up back from $1.31. Breaking down under $1.31 would cancel the current uptrend and it might slide further to test lower supports. Note that $2.10 might act as a resistance line. If Iconix Brand breakouts over $2.10 with average or higher volume, this would be a signal that the uptrend resumes. In the last 11 days when SMA50d and SMA100d crossed up, ICON price slipped $-0.05 per share (-2.54%).

ICON stock chart (daily)

Weekly outlook

Iconix Brand shares inched 0.52% this week, ending at $1.92. Late July ICON collapsed a hair-raising -13.75% in just one week. Early September ICON climbed an exceptional 8.12% in just one week.

ICON shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $1.31 last week. Previous top ($2.10) will play as a resistance in possible new gains. Since mid August when ICON stock price broke up the SMA40w line, it gained $0.82 (74.55%). Since SMA10d and SMA20w crossed up early September, ICON price climbed $0.11 per share (6.08%).

ICON stock chart (weekly)

ICON stock price history

ICON IPO was on March 22nd, 1990 at $258.75 per share1. Since then, ICON stock sliced a -99.30%, with a yearly average of -3.40%.

1: Adjusted price after possible price splits or reverse-splits.

ICON stock historical price chart

ICON stock reached 52-week highs on March at $5.40, and all-time highs 1990-08-30 with a price of 658.13.

ICON stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' ICON stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we have not found any price target for Iconix Brand stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Iconix Brand presented its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
ICON earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a0.14n/a
2017-Q2-n/a0.14n/a
2017-Q32017-12-220.180.2433.3%
2017-Q42018-03-14-0.010.06n/a
2018-Q12018-05-040.10.10.0%
2018-Q22018-08-08n/a0.12n/a
2018-Q32018-11-09n/a0.02n/a
2018-Q42019-03-27n/a-2.52n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Iconix Brand annual turnover plummed a dreadful -16.89% to $187.69 M dollars from $225.83 marked in 2017. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) rocketed a 163.09% to -53.56%.

ICON annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$401 M-$128 M32.0%-
2014$461 M15.10%$153 M33.1%19.28%
2015$379 M-17.79%$-189.30 M-49.9%-223.94%
2016$368 M-2.83%$-252.13 M-68.4%33.19%
2017$226 M-38.71%$-489.25 M-216.6%94.04%
2018$188 M-16.89%$-100.52 M-53.6%-79.45%

Quarterly financial results

Iconix Brand reported $42.71 M in revenues for 2018-Q4, a -7.61% decline compared to previous quarter. Reported quarter earnings marked $-69.08 million with a profit margin of -161.75%. Profit margin plunged a -205.50% compared to previous quarter when profit margin was 43.75%. When comparing revenues to same quarter last year, Iconix Brand sales marked a hair-raising loss and plummed a -18.34%. Looking back to recent quarterly results, Iconix Brand posted 2 positive quarters in a row.
ICON quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$59 M-$3.38 M5.8%-
2017-Q2$62 M4.99%$-14.83 M-24.1%-538.76%
2017-Q3$53 M-13.76%$-552.70 M-1039.6%3,626.91%
2017-Q4$52 M-1.63%$24.09 M46.1%-104.36%
2018-Q1$49 M-7.17%$27.76 M57.2%15.24%
2018-Q2$50 M3.43%$-79.43 M-158.2%-386.17%
2018-Q3$46 M-7.94%$20.22 M43.8%-125.46%
2018-Q4$43 M-7.61%$-69.08 M-161.7%-441.55%

Iconix Brand ownership

When you are planning to invest in shares of a stock, it's always worth to review its ownership structure.

Iconix Brand shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 25.43% of all shares.

In case of Iconix Brand stock, 9.69% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ICON stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Iconix Brand:

ICON
Market cap$22.3 M
Total shares11.6 M
Float shares10.1 M
  - Institutional holdings (%)9.7%
  - Insider holdings (%)25.4%
Shares in short selling0.0%

ICON summary

Friday, September 20th, 2019
Open$1.93
Close$1.92
Day range$1.90 - $1.97
Previous close$1.93
Session gain-0.52%
Average true range$0.18
50d mov avg$1.38
100d mov avg$1.17
200d mov avg$1.44
Daily patternlb03a
Weekly pattern lb03a

Iconix Brand performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Iconix Brand, the comparison is made against .
Stock3m6m12m
ICONIconix Brand156.00%-1.03%-20.00%

Iconix Brand competitors

Unfortunately, we could not find any public company that could be defined as Iconix Brand competitor. This doesn't mean Iconix Brand does not have any competitor in the market, it's just we could not detected it.