Incyte Corp. [INCY] stock is trading at $65.87, up 0.76%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INCY shares have gain 3.47% over the last week, with a monthly amount glided 7.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Incyte Corp. [NASDAQ: INCY] stock has seen the most recent analyst activity on July 02, 2024, when BMO Capital Markets downgraded its rating to a Underperform and also revised its price target to $48 from $52. Previously, Deutsche Bank started tracking the stock with Hold rating on May 23, 2024, and set its price target to $55. On April 23, 2024, Cantor Fitzgerald initiated with a Neutral rating. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $81 on February 23, 2024. JMP Securities downgraded its rating to a Mkt Perform. Leerink Partners upgraded its rating to Outperform for this stock on December 13, 2023, but kept the price target unchanged to $78. In a note dated December 04, 2023, Guggenheim upgraded an Buy rating on this stock but restated the target price of $86.
Incyte Corp. [INCY] stock has fluctuated between $50.27 and $67.36 over the past year. Currently, Wall Street analysts expect the stock to reach $82.75 within the next 12 months. Incyte Corp. [NASDAQ: INCY] shares were valued at $65.87 at the most recent close of the market. An investor can expect a potential return of 25.63% based on the average INCY price forecast.
Analyzing the INCY fundamentals
Incyte Corp. [NASDAQ:INCY] reported sales of 3.77B for the trailing twelve months, which represents a growth of 8.93%. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.15 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 65.20 points at the first support level, and at 64.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.32, and for the 2nd resistance point, it is at 66.77.
Ratios To Look Out For
For context, Incyte Corp.’s Current Ratio is 3.47. Also, the Quick Ratio is 3.43, while the Cash Ratio stands at 2.4. Considering the valuation of this stock, the price to sales ratio is 3.93, the price to book ratio is 2.74 and price to earnings (TTM) ratio is 19.99.
Transactions by insiders
Recent insider trading involved Flannelly Barry P, EVP & General Manager US, that happened on Jul 16 ’24 when 1306.0 shares were sold. EVP & General Manager US, Flannelly Barry P completed a deal on Jul 09 ’24 to sell 8148.0 shares. Meanwhile, EVP & General Manager US Flannelly Barry P sold 19164.0 shares on Jun 12 ’24.
