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The closing price of Incyte Corp. (NASDAQ: INCY) was $65.80 for the day, up 0.94% from the previous closing price of $65.19. In other words, the price has increased by $0.94 from its previous closing price. On the day, 1.1 million shares were traded. INCY stock price reached its highest trading level at $66.12 during the session, while it also had its lowest trading level at $64.54.
Ratios:
Our analysis of INCY’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.71. For the most recent quarter (mrq), Quick Ratio is recorded 3.43 and its Current Ratio is at 3.47. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on July 02, 2024, Downgraded its rating to Underperform and sets its target price to $48 from $52 previously.
On May 23, 2024, Deutsche Bank started tracking the stock assigning a Hold rating and target price of $55.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 16 ’24 when Flannelly Barry P sold 1,306 shares for $64.19 per share. The transaction valued at 83,832 led to the insider holds 58,042 shares of the business.
Flannelly Barry P sold 8,148 shares of INCY for $488,880 on Jul 09 ’24. The EVP & General Manager US now owns 50,534 shares after completing the transaction at $60.00 per share. On Jun 12 ’24, another insider, Flannelly Barry P, who serves as the EVP & General Manager US of the company, sold 19,164 shares for $60.00 each. As a result, the insider received 1,149,840 and left with 66,377 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INCY now has a Market Capitalization of 12963324928 and an Enterprise Value of 10961488896. As of this moment, Incyte’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.97, and their Forward P/E ratio for the next fiscal year is 12.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.93 while its Price-to-Book (P/B) ratio in mrq is 2.74. Its current Enterprise Value per Revenue stands at 2.909 whereas that against EBITDA is 13.672.
Stock Price History:
The Beta on a monthly basis for INCY is 0.74, which has changed by 0.04777074 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, INCY has reached a high of $67.36, while it has fallen to a 52-week low of $50.27. The 50-Day Moving Average of the stock is 9.77%, while the 200-Day Moving Average is calculated to be 13.38%.
Shares Statistics:
INCY traded an average of 3.60M shares per day over the past three months and 1755400 shares per day over the past ten days. A total of 224.29M shares are outstanding, with a floating share count of 221.19M. Insiders hold about 1.63% of the company’s shares, while institutions hold 95.41% stake in the company. Shares short for INCY as of 1719532800 were 16928138 with a Short Ratio of 4.70, compared to 1717113600 on 11661708. Therefore, it implies a Short% of Shares Outstanding of 16928138 and a Short% of Float of 15.020000999999999.
