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As of close of business last night, Incyte Corp.’s stock clocked out at $67.04, down -0.87% from its previous closing price of $67.63. In other words, the price has decreased by -$0.87 from its previous closing price. On the day, 1.43 million shares were traded. INCY stock price reached its highest trading level at $67.98 during the session, while it also had its lowest trading level at $66.83.
Ratios:
To gain a deeper understanding of INCY’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 1.92. 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 this company, Wolfe Research on October 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $84.
On September 18, 2024, Truist Downgraded its rating to Hold which previously was Buy and also lowered its target price recommendation from $83 to $74.
BMO Capital Markets Downgraded its Market Perform to Underperform on July 02, 2024, whereas the target price for the stock was revised from $52 to $48.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’24 when Tray Thomas sold 572 shares for $62.94 per share. The transaction valued at 36,002 led to the insider holds 24,825 shares of the business.
Tray Thomas sold 382 shares of INCY for $24,207 on Sep 13 ’24. The Principal Accounting Officer now owns 24,443 shares after completing the transaction at $63.37 per share. On Sep 12 ’24, another insider, Dickinson Jonathan Elliott, who serves as the EVP, General Manager, Europe of the company, sold 8,450 shares for $62.36 each. As a result, the insider received 526,948 and left with 36,390 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 13025401856 and an Enterprise Value of 11429944320. As of this moment, Incyte’s Price-to-Earnings (P/E) ratio for their current fiscal year is 188.90, and their Forward P/E ratio for the next fiscal year is 11.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 2.963 whereas that against EBITDA is 92.036.
Stock Price History:
Over the past 52 weeks, INCY has reached a high of $70.36, while it has fallen to a 52-week low of $50.27. The 50-Day Moving Average of the stock is 4.08%, while the 200-Day Moving Average is calculated to be 11.11%.
Shares Statistics:
It appears that INCY traded 2.07M shares on average per day over the past three months and 2403200 shares per day over the past ten days. A total of 224.29M shares are outstanding, with a floating share count of 190.28M. Insiders hold about 1.21% of the company’s shares, while institutions hold 104.60% stake in the company. Shares short for INCY as of 1726185600 were 9640175 with a Short Ratio of 4.66, compared to 1723680000 on 11762359. Therefore, it implies a Short% of Shares Outstanding of 9640175 and a Short% of Float of 8.8999994.
