Icon Plc (NASDAQ: ICLR) is -56.91% lower on its value in year-to-date trading and has touched a low of $125.10 and a high of $345.86 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 $144.04 in the last trading session, with the day’s gains setting it 2.84%.
Currently trading at $146.88, the stock is -0.65% and 4.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.74 million and changing 1.97% at the moment leaves the stock -22.15% off its SMA200. ICLR registered -29.96% loss for a year compared to 6-month loss of -26.65%. The firm has a 50-day simple moving average (SMA 50) of $140.5764 and a 200-day simple moving average (SMA200) of $190.80956.
The stock witnessed a -0.11% gain in the last 1 month and extending the period to 3 months gives it a 1.18%, and is -3.41% 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 3.53% over the week and 3.50% over the month.
Icon Plc (ICLR) has around 41900 employees, a market worth around $11.86B and $8.19B in sales. Current P/E ratio is 15.98 and Fwd P/E is 10.35. Profit margin for the company is 9.25%. Distance from 52-week low is 17.41% and -57.53% from its 52-week high. The company has generated returns on investments over the last 12 months (5.82%).
The EPS is expected to shrink by -5.42% this year
800.0 institutions hold shares in Icon Plc (ICLR), with institutional investors hold 100.89% of the company’s shares. The shares outstanding are 80.76M, and float is at 80.24M with Short Float at 2.59%. Institutions hold 100.25% of the Float.
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 3.3354 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.
