Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $51.92 in the prior trading day, Incyte Corp. (NASDAQ: INCY) closed at $51.65, down -0.52%. In other words, the price has decreased by -$0.52 from its previous closing price. On the day, 2.49 million shares were traded. INCY stock price reached its highest trading level at $52.2175 during the session, while it also had its lowest trading level at $51.39.
Ratios:
Our goal is to gain a better understanding of INCY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.99. For the most recent quarter (mrq), Quick Ratio is recorded 3.69 and its Current Ratio is at 3.75. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
On February 23, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $81.
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 Jan 03 ’24 when Stein Steven H sold 7,365 shares for $65.51 per share. The transaction valued at 482,481 led to the insider holds 90,218 shares of the business.
Iyengar Vijay K sold 657 shares of INCY for $42,705 on Jan 02 ’24. The EVP, GMAPPS now owns 43,412 shares after completing the transaction at $65.00 per share. On Dec 13 ’23, another insider, Tray Thomas, who serves as the Principal Accounting Officer of the company, sold 1,067 shares for $62.37 each. As a result, the insider received 66,549 and left with 23,436 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 11596768256 and an Enterprise Value of 8053924352. As of this moment, Incyte’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.53, and their Forward P/E ratio for the next fiscal year is 9.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.87. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 2.179 whereas that against EBITDA is 10.905.
Stock Price History:
Over the past 52 weeks, INCY has reached a high of $75.74, while it has fallen to a 52-week low of $50.27. The 50-Day Moving Average of the stock is -9.94%, while the 200-Day Moving Average is calculated to be -13.02%.
Shares Statistics:
The stock has traded on average 1.72M shares per day over the past 3-months and 1768330 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 221.84M. Insiders hold about 1.20% of the company’s shares, while institutions hold 98.87% stake in the company. Shares short for INCY as of 1711584000 were 8059076 with a Short Ratio of 4.68, compared to 1709164800 on 7774150. Therefore, it implies a Short% of Shares Outstanding of 8059076 and a Short% of Float of 4.3.
