Incyte Corp [NASDAQ: INCY] closed the trading session at $70.56.
The stocks have a year to date performance of 12.37 percent and weekly performance of -12.43 percent. The stock has been moved at 22.93 percent over the last six months. The stock has performed 8.10 percent around the most recent 30 days and changed 9.99 percent over the most recent 3-months.
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If compared to the average trading volume of 1.91M shares, INCY reached to a volume of 10877479 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Incyte Corp [INCY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for INCY shares is $77.35 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on INCY stock is a recommendation set at 2.21. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Incyte Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Outperform. The new note on the price target was released on October 01, 2024, representing the official price target for Incyte Corp stock. Previously, the target price had yet another drop from $83 to $74, while Truist kept a Hold rating on INCY stock. On July 02, 2024, analysts decreased their price target for INCY shares from 52 to 48.
The Average True Range (ATR) for Incyte Corp is set at 2.95, with the Price to Sales ratio for INCY stock in the period of the last 12 months amounting to 3.34. The Price to Book ratio for the last quarter was 4.29, with the Price to Cash per share for the same quarter was set at 9.21. Price to Free Cash Flow for INCY in the course of the last twelve months was 442.78 with Quick ratio for the last quarter at 1.82.
INCY stock trade performance evaluation
Incyte Corp [INCY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.43. With this latest performance, INCY shares gained by 8.10% in over the last four-week period, additionally plugging by 22.93% over the last 6 months – not to mention a rise of 30.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for INCY stock in for the last two-week period is set at 42.28, with the RSI for the last a single of trading hit 33.81, and the three-weeks RSI is set at 47.07 for Incyte Corp [INCY]. The present Moving Average for the last 50 days of trading for this stock 69.43, while it was recorded at 76.32 for the last single week of trading, and 61.93 for the last 200 days.
Incyte Corp [INCY]: An insightful look at the core fundamentals
Incyte Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.82 and a Current Ratio set at 1.87.
Earnings per share (EPS) analysis for Incyte Corp [INCY] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for INCY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Incyte Corp go to 31.14%.
Incyte Corp [INCY]: Institutional Ownership
There are presently around $97.86%, or 99.89%% of INCY stock, in the hands of institutional investors. The top three institutional holders of INCY stocks are: BAKER BROS. ADVISORS LP with ownership of 30.74 million shares, which is approximately 13.693%. BLACKROCK INC., holding 21.36 million shares of the stock with an approximate value of $$1.29 billion in INCY stocks shares; and BLACKROCK INC., currently with $$1.24 billion in INCY stock with ownership which is approximately 9.0766%.
