Stocks of Incyte Corp. (NASDAQ:INCY) traded higher last session on Wall Street, down -0.39% to $58.57.
INCY stock price is now 6.33% away from the 50-day moving average and 0.71% away from the 200-day moving average. The market capitalization of the company currently stands at $13.17B.
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With the price target of $55, Deutsche Bank recently initiated with Hold rating for Incyte Corp. (NASDAQ: INCY). , while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Stein Steven H, EVP & Chief Medical Officer sold 7,365 shares of the company’s stock on Jan 03 ’24. The stock was sold for $482,481 at an average price of $65.51. Upon completion of the transaction, the EVP & Chief Medical Officer now directly owns 90,218 shares in the company, valued at $5.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’24, EVP, GMAPPS Iyengar Vijay K sold 657 shares of the business’s stock. A total of $42,705 was realized by selling the stock at an average price of $65.00. This leaves the insider owning 43,412 shares of the company worth $2.54 million. A total of 1.72% of the company’s stock is owned by insiders.
During the past 12 months, Incyte Corp. has had a low of $50.27 and a high of $67.36. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 3.47, and a quick ratio of 3.43. According to the stock market information, the enterprise value for the company is $9338058752, which is based on a 17.78 price-to-earnings ratio, a 0.79 price-to-earnings-growth ratio, and a beta of 0.73. The fifty day moving average price for INCY is $55.1144 and a two-hundred day moving average price translates $58.1267 for the stock.
The latest earnings results from Incyte Corp. (NASDAQ: INCY) was released for 2024-03-31. The net profit margin was 19.78% and return on equity was 15.13% for INCY. The company reported revenue of $880.89 million for the quarter, compared to $808.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.93 percent.
