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Incyte Corp (NASDAQ: INCY) closed the day trading at $73.52 up 2.51% from the previous closing price of $71.72. In other words, the price has increased by $2.51 from its previous closing price. On the day, 3.35 million shares were traded. INCY stock price reached its highest trading level at $73.85 during the session, while it also had its lowest trading level at $72.25.
Ratios:
For a better understanding of INCY, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 470.07. For the most recent quarter (mrq), Quick Ratio is recorded 1.82 and its Current Ratio is at 1.87. 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, BofA Securities on October 29, 2024, Upgraded its rating to Buy and sets its target price to $90 from $68 previously.
On October 01, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $84.
Truist Downgraded its Buy to Hold on September 18, 2024, whereas the target price for the stock was revised from $83 to $74.
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 Nov 06 ’24 when Flannelly Barry P sold 3,680 shares for $79.68 per share. The transaction valued at 293,210 led to the insider holds 58,042 shares of the business.
BARRY FLANNELLY bought 3,680 shares of INCY for $293,210 on Nov 06 ’24. On Sep 12 ’24, another insider, Tray Thomas, who serves as the Principal Accounting Officer of the company, sold 572 shares for $62.94 each. As a result, the insider received 36,002 and left with 24,825 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 14163627008 and an Enterprise Value of 12425464832. As of this moment, Incyte’s Price-to-Earnings (P/E) ratio for their current fiscal year is 520.68, and their Forward P/E ratio for the next fiscal year is 12.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 16.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.54 while its Price-to-Book (P/B) ratio in mrq is 4.47. Its current Enterprise Value per Revenue stands at 3.049 whereas that against EBITDA is 154.371.
Stock Price History:
Over the past 52 weeks, INCY has reached a high of $83.95, while it has fallen to a 52-week low of $50.35. The 50-Day Moving Average of the stock is 4.97%, while the 200-Day Moving Average is calculated to be 18.20%.
Shares Statistics:
Over the past 3-months, INCY traded about 2.06M shares per day on average, while over the past 10 days, INCY traded about 2972270 shares per day. A total of 224.29M shares are outstanding, with a floating share count of 189.55M. Insiders hold about 1.61% of the company’s shares, while institutions hold 96.25% stake in the company. Shares short for INCY as of 1730332800 were 7419134 with a Short Ratio of 3.60, compared to 1727654400 on 6801421. Therefore, it implies a Short% of Shares Outstanding of 7419134 and a Short% of Float of 6.8500000000000005.
