Icon Plc (NASDAQ: ICLR) is -18.57% lower on its value in year-to-date trading and has touched a low of $220.01 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 $220.47 in the last trading session, with the day’s gains setting it 10.03%.
Currently trading at $230.50, the stock is -18.16% and -22.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.21 million and changing 4.55% at the moment leaves the stock -24.91% off its SMA200. ICLR registered -4.18% loss for a year compared to 6-month loss of -24.21%. The firm has a 50-day simple moving average (SMA 50) of $295.916 and a 200-day simple moving average (SMA200) of $306.968.
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The stock witnessed a -19.30% gain in the last 1 month and extending the period to 3 months gives it a -30.26%, and is -20.14% 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 5.28% over the week and 3.57% over the month.
Icon Plc (ICLR) has around 41100 employees, a market worth around $19.09B and $8.31B in sales. Current P/E ratio is 25.67 and Fwd P/E is 15.25. Profit margin for the company is 9.00%. Distance from 52-week low is 4.77% and -33.71% from its 52-week high. The company has generated returns on investments over the last 12 months (5.61%).
with sales reaching $2.04B over the same period.The EPS is expected to grow by 9.38% this year, but quarterly earnings will post 2.50% year-over-year. Quarterly sales are estimated to shrink -1.10% in year-over-year returns.
Icon Plc (ICLR) Top Institutional Holders
The shares outstanding are 82.50M, and float is at 82.10M with Short Float at 2.13%.
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).
