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Icon Energy Corp. ( (ICON) ) has shared an update.
On January 6, 2026, Icon Energy Corp. announced that its board of directors approved a 1-for-5 reverse stock split of its common shares, which became effective at the opening of trading on January 8, 2026 on the Nasdaq Capital Market under the existing ticker “ICON.” The move consolidates every five issued and outstanding common shares into one, reducing the outstanding share count from 3,460,000 to approximately 692,000 shares, without changing the par value or authorized share capital, and leaving proportional ownership, voting rights and overall market capitalization essentially intact aside from minor adjustments related to the cash settlement of fractional shares. The board stated that the reverse split is intended to support compliance with Nasdaq listing standards and potentially broaden the company’s appeal to investors by boosting the share price, a step that could influence liquidity and market perception for existing and prospective shareholders.
The most recent analyst rating on (ICON) stock is a Hold with a $0.68 price target. To see the full list of analyst forecasts on Icon Energy Corp. stock, see the ICON Stock Forecast page.
Spark’s Take on ICON Stock
According to Spark, TipRanks’ AI Analyst, ICON is a Neutral.
The score is primarily weighed down by weaker financial quality (loss-making year, rising leverage, and deeply negative free cash flow) and bearish technicals (price below key moving averages and negative MACD). Valuation support is limited due to missing P/E, though the provided dividend yield is a partial offset.
To see Spark’s full report on ICON stock, click here.
More about Icon Energy Corp.
Icon Energy Corp. is an international shipping company based in Athens, Greece, providing worldwide seaborne transportation services for dry bulk cargoes through a fleet of oceangoing vessels. The company’s common shares trade on the Nasdaq Capital Market under the symbol “ICON.”
Average Trading Volume: 717,242
Technical Sentiment Signal: Sell
For an in-depth examination of ICON stock, go to TipRanks’ Overview page.