Icon Plc (NASDAQ: ICLR) is -0.91% lower on its value in year-to-date trading and has touched a low of $221.20 and a high of $347.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ICLR stock was last observed hovering at around $298.70 in the last trading session, with the day’s loss setting it -18.22%.
Currently trading at $280.48, the stock is -11.75% and -12.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing -6.10% at the moment leaves the stock -7.94% off its SMA200. ICLR registered 12.13% gain for a year compared to 6-month loss of -15.61%.
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The stock witnessed a -10.37% gain in the last 1 month and extending the period to 3 months gives it a -12.31%, and is -10.17% down 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 4.45% over the week and 2.83% over the month.
Icon Plc (ICLR) has around 41100 employees, a market worth around $23.23B and $8.33B in sales. Current P/E ratio is 32.65 and Fwd P/E is 16.22. Profit margin for the company is 8.57%. Distance from 52-week low is 26.80% and -19.34% from its 52-week high. The company has generated returns on investments over the last 12 months (5.44%).
The EPS is expected to grow by 18.03% this year.
Icon Plc (ICLR) Top Institutional Holders
The shares outstanding are 82.50M, and float is at 82.05M with Short Float at 1.94%.
The top institutional shareholder in the company is WCM INVESTMENT MANAGEMENT, LLC with over 6.67 million shares valued at $2.09 billion. The investor’s holdings represent 8.0813% of the ICLR Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 5.0 million shares valued at $1.57 billion to account for 6.059 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 2.76 million shares representing 3.3418% and valued at over $865.06 million, while NINETY ONE UK LTD holds 3.2434 of the shares totaling 2.68 million with a market value of $839.58 million.
Icon Plc (ICLR) Insider Activity
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Still, SEC filings show that on Jul 29 ’24, BRENDAN BRENNAN (Officer) Proposed Sale 26,064 shares at an average price of $325.99 for $8.5 million. The insider now directly holds shares of Icon Plc (ICLR).
