With 1.16 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.69 million shares. The 52-week range on INCY shows that it touched its highest point at $83.95 and its lowest point at $50.35 during that stretch. It currently has a 1-year price target of $77.42. Beta for the stock currently stands at 0.76.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INCY was up-trending over the past week, with a rise of 5.90%, but this was up by 2.29% over a month. Three-month performance surged to 5.55% while six-month performance rose 15.84%. The stock gained 22.63% in the past year, while it has gained 7.57% so far this year. A look at the trailing 12-month EPS for INCY yields 0.27 with Next year EPS estimates of 6.38. For the next quarter, that number is 1.01. This implies an EPS growth rate of 422.90% for this year and 13.31% for next year. EPS is expected to grow by 96.28% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -40.36%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INCY since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.54826 being high and $1.02244 being low. For INCY, this leads to a yearly average estimate of $1.27561. Based on analyst estimates, the high estimate for the next quarter is $1.68 and the low estimate is $1.3. The average estimate for the next quarter is thus $1.46.
