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After finishing at $67.79 in the prior trading day, Incyte Corp. (NASDAQ: INCY) closed at $65.07, down -4.01%. In other words, the price has decreased by -$4.01 from its previous closing price. On the day, 2.76 million shares were traded. INCY stock price reached its highest trading level at $68.98 during the session, while it also had its lowest trading level at $64.81.
Ratios:
Our goal is to gain a better understanding of INCY by taking a closer look at 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 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 25 ’24 when Iyengar Vijay K sold 15,571 shares for $70.00 per share. The transaction valued at 1,089,970 led to the insider holds 36,701 shares of the business.
Flannelly Barry P sold 1,306 shares of INCY for $83,832 on Jul 16 ’24. The EVP & General Manager US now owns 58,042 shares after completing the transaction at $64.19 per share. On Jul 09 ’24, another insider, Flannelly Barry P, who serves as the EVP & General Manager US of the company, sold 8,148 shares for $60.00 each. As a result, the insider received 488,880 and left with 50,534 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 12464288768 and an Enterprise Value of 11472140288. As of this moment, Incyte’s Price-to-Earnings (P/E) ratio for their current fiscal year is 183.35, and their Forward P/E ratio for the next fiscal year is 11.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32 while its Price-to-Book (P/B) ratio in mrq is 4.16. Its current Enterprise Value per Revenue stands at 2.974 whereas that against EBITDA is 72.593.
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 6.03%, while the 200-Day Moving Average is calculated to be 11.54%.
Shares Statistics:
The stock has traded on average 3.62M shares per day over the past 3-months and 2417000 shares per day over the last 10 days, according to various share statistics. A total of 224.29M shares are outstanding, with a floating share count of 193.80M. Insiders hold about 1.63% of the company’s shares, while institutions hold 108.87% stake in the company. Shares short for INCY as of 1721001600 were 12813491 with a Short Ratio of 3.54, compared to 1718323200 on 18717986. Therefore, it implies a Short% of Shares Outstanding of 12813491 and a Short% of Float of 11.37.
