Icon Plc (NASDAQ: ICLR) is -9.58% lower on its value in year-to-date trading and has touched a low of $181.51 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 $196.20 in the last trading session, with the day’s loss setting it -6.57%.
Currently trading at $189.63, the stock is -2.12% and -6.21% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -3.35% at the moment leaves the stock -29.17% off its SMA200. ICLR registered -40.50% loss for a year compared to 6-month loss of -41.29%.
The stock witnessed a -6.21% gain in the last 1 month and extending the period to 3 months gives it a -11.49%, and is -6.05% 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 3.30% over the week and 3.23% over the month.
Icon Plc (ICLR) has around 41900 employees, a market worth around $15.31B and $8.28B in sales. Current P/E ratio is 19.88 and Fwd P/E is 12.04. Profit margin for the company is 9.56%. Distance from 52-week low is 4.47% and -45.47% from its 52-week high. The company has generated returns on investments over the last 12 months (6.06%).
with sales reaching $2.04B over the same period.The EPS is expected to shrink by -0.25% this year, but quarterly earnings will post 1.02% year-over-year. Quarterly sales are estimated to shrink -2.20% in year-over-year returns.
The shares outstanding are 80.76M, and float is at 80.18M with Short Float at 1.85%.
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 8.0657 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 6.0473 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 3.2371 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).
