Icon Plc (NASDAQ: ICLR) is -4.88% lower on its value in year-to-date trading and has touched a low of $183.38 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 $200.24 in the last trading session, with the day’s loss setting it -0.77%.
Currently trading at $199.47, the stock is -5.28% and -5.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -0.38% at the moment leaves the stock -29.75% off its SMA200. ICLR registered -21.78% loss for a year compared to 6-month loss of -42.38%. The firm has a 50-day simple moving average (SMA 50) of $211.4372 and a 200-day simple moving average (SMA200) of $284.6278.
The stock witnessed a -5.38% gain in the last 1 month and extending the period to 3 months gives it a -32.74%, and is -10.38% 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 3.68% over the week and 3.13% over the month.
Icon Plc (ICLR) has around 41100 employees, a market worth around $16.47B and $8.31B in sales. Current P/E ratio is 22.21 and Fwd P/E is 13.60. Profit margin for the company is 9.00%. Distance from 52-week low is 8.77% and -42.64% 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 9.36% this year, but quarterly earnings will post 1.94% year-over-year. Quarterly sales are estimated to shrink -1.45% in year-over-year returns.
The shares outstanding are 82.56M, and float is at 81.89M with Short Float at 1.92%.
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
Still, SEC filings show that on Jul 30 ’24, DIARMAID CUNNINGHAM (Officer) Proposed Sale 5,969 shares at an average price of $330.42 for $1.97 million. The insider now directly holds shares of Icon Plc (ICLR).
