Icon Plc (NASDAQ: ICLR) is -12.91% 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 $186.53 in the last trading session, with the day’s loss setting it -3.89%.
Currently trading at $182.64, the stock is -7.22% and -11.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -2.09% at the moment leaves the stock -33.05% off its SMA200. ICLR registered -34.31% loss for a year compared to 6-month loss of -42.99%. The firm has a 50-day simple moving average (SMA 50) of $206.2224 and a 200-day simple moving average (SMA200) of $273.43015.
The stock witnessed a -8.79% gain in the last 1 month and extending the period to 3 months gives it a -13.92%, and is -6.79% 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 2.98% over the week and 3.19% over the month.
Icon Plc (ICLR) has around 41100 employees, a market worth around $15.08B and $8.31B in sales. Current P/E ratio is 20.34 and Fwd P/E is 12.78. Profit margin for the company is 9.00%. Distance from 52-week low is -0.40% and -47.48% from its 52-week high. The company has generated returns on investments over the last 12 months (5.61%).
The EPS is expected to grow by 9.36% this year
The shares outstanding are 82.56M, and float is at 81.70M with Short Float at 1.70%.
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).
