Incyte Corp. (NASDAQ: INCY): Is It A Buying Opportunity Again?

After Hours

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Stocks Info

Incyte Corp. is listed on the NASDAQ in the Healthcare sector while operating in the Biotechnology industry. The current market capitalization of Incyte Corp. is $12.81B. A total of 2.73 million shares were traded on the day, compared to an average of 1.95M shares.

In the most recent transaction, Stein Steven H sold 7,365 shares of INCY for 65.51 per share on Jan 03 ’24. After the transaction, the EVP & Chief Medical Officer now owns 90,218 company shares. In a previous transaction on Jan 02 ’24, Iyengar Vijay K sold 657 shares at 65.00 per share. INCY shares that EVP, GMAPPS owns now total 43,412.

Among the insiders who sold shares, Tray Thomas disposed of 1,067 shares on Dec 13 ’23 at a per-share price of $62.37. This resulted in the Principal Accounting Officer holding 23,436 shares of INCY after the transaction. In another insider transaction, Tray Thomas sold 210 shares at $57.36 per share on Dec 12 ’23. Company shares held by the Principal Accounting Officer now total 24,503.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, INCY has a high of $67.36 and a low of $50.27.

As of this writing, INCY has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 12.0 estimates, with a high estimate of $1.26 per share and a lower estimate of $0.82. The company reported an EPS of $0.99 in the last quarter

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. INCY’s latest balance sheet shows that the firm has $2.35B in Cash & Short Term Investments as of fiscal 2021. There were $44.82M in debt and $854.31M in liabilities at the time. Its Book Value Per Share was $24.02, while its Total Shareholder’s Equity was $3.77B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INCY is Buy with a score of 3.90.

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