Incyte Corp. (NASDAQ: INCY) is 2.33% higher on its value in year-to-date trading and has touched a low of $50.27 and a high of $67.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The INCY stock was last observed hovering at around $63.66 in the last trading session, with the day’s gains setting it 0.59%.
Currently trading at $64.25, the stock is 4.85% and 9.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.93% at the moment leaves the stock 11.08% off its SMA200. INCY registered 3.73% gain for a year compared to 6-month loss of 1.81%.
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The stock witnessed a 7.19% gain in the last 1 month and extending the period to 3 months gives it a 19.31%, and is 10.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.85% over the week and 2.72% over the month.
Incyte Corp. (INCY) has around 2524 employees, a market worth around $14.45B and $3.77B in sales. Current P/E ratio is 19.50 and Fwd P/E is 12.53. Profit margin for the company is 19.78%. Distance from 52-week low is 27.81% and -4.62% from its 52-week high. The company has generated returns on investments over the last 12 months (13.75%).
The EPS is expected to grow by 18.13% this year.
Incyte Corp. (INCY) Top Institutional Holders
The shares outstanding are 224.29M, and float is at 221.31M with Short Float at 7.65%.
Incyte Corp. (INCY) Insider Activity
The most recent transaction is an insider sale by Flannelly Barry P,the company’sEVP & General Manager US. SEC filings show that Flannelly Barry P sold 8,148 shares of the company’s common stock on Jul 09 ’24 at a price of $60.00 per share for a total of $0.49 million. Following the sale, the insider now owns 50534.0 shares.
Incyte Corp. disclosed in a document filed with the SEC on Jun 12 ’24 that Flannelly Barry P (EVP & General Manager US) sold a total of 19,164 shares of the company’s common stock. The trade occurred on Jun 12 ’24 and was made at $60.00 per share for $1.15 million. Following the transaction, the insider now directly holds 66377.0 shares of the INCY stock.
Still, SEC filings show that on Jun 06 ’24, Tray Thomas (Principal Accounting Officer) disposed off 1,093 shares at an average price of $58.91 for $64389.0. The insider now directly holds 21,634 shares of Incyte Corp. (INCY).
