With 2.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.1 million shares. The 52-week range on INCY shows that it touched its highest point at $83.95 and its lowest point at $52.81 during that stretch. It currently has a 1-year price target of $73.42. Beta for the stock currently stands at 0.67.
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 down-trending over the past week, with a drop of -3.71%, but this was up by 4.84% over a month. Three-month performance dropped to -20.31% while six-month performance fell -21.15%. The stock gained 10.45% in the past year, while it has lost -13.52% so far this year. A look at the trailing 12-month EPS for INCY yields 0.32 with Next year EPS estimates of 6.62. For the next quarter, that number is 1.39. This implies an EPS growth rate of 418.97% for this year and 18.62% for next year. EPS is expected to grow by 98.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -40.36%.
Float and Shares Shorts:
At present, 193.78 million INCY shares are outstanding with a float of 190.60 million shares on hand for trading.
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.
