A share price of Incyte Corp. [INCY] is currently trading at $66.82, up 2.53%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The INCY shares have gain 5.46% over the last week, with a monthly amount glided 3.79%, 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 September 18, 2024, when Truist downgraded its rating to a Hold and also revised its price target to $74 from $83. Previously, BMO Capital Markets downgraded its rating to Underperform on July 02, 2024, and dropped its price target to $48. On May 23, 2024, Deutsche Bank initiated with a Hold rating and assigned a price target of $55 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating. Jefferies initiated its recommendation with a Buy and recommended $81 as its price target on February 23, 2024. JMP Securities downgraded its rating to Mkt Perform for this stock on February 14, 2024. In a note dated December 13, 2023, Leerink Partners upgraded an Outperform rating on this stock but restated the target price of $78.
Incyte Corp. experienced fluctuations in its stock price throughout the past year between $50.27 and $70.36. Currently, Wall Street analysts expect the stock to reach $75.07 within the next 12 months. Incyte Corp. [NASDAQ: INCY] shares were valued at $66.82 at the most recent close of the market. An investor can expect a potential return of 12.35% based on the average INCY price forecast.
Analyzing the INCY fundamentals
Trailing Twelve Months sales for Incyte Corp. [NASDAQ:INCY] were 3.86B which represents 9.34% growth. Gross Profit Margin for this corporation currently stands at 0.93% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.02 and Total Capital is 0.01. 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 65.74 points at the first support level, and at 64.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.42, and for the 2nd resistance point, it is at 68.03.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Incyte Corp. [NASDAQ:INCY] is 1.92. Further, the Quick Ratio stands at 1.84, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 4.27 and price to earnings (TTM) ratio is 188.28.
Transactions by insiders
Recent insider trading involved Tray Thomas, Principal Accounting Officer, that happened on Sep 12 ’24 when 572.0 shares were sold. Principal Accounting Officer, Tray Thomas completed a deal on Sep 13 ’24 to sell 382.0 shares. Meanwhile, EVP, General Manager, Europe Dickinson Jonathan Elliott sold 8450.0 shares on Sep 12 ’24.
