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

After Hours

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.

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Stocks Info

INCY belongs to the Healthcare sector of the NASDAQ while operating in the Biotechnology industry. The current market capitalization of Incyte Corp. is $13.36B. A total of 10.12 million shares were traded on the day, compared to an average of 2.61M shares.

In the most recent transaction, Tray Thomas sold 1,093 shares of INCY for 58.91 per share on Jun 06 ’24. After the transaction, the Principal Accounting Officer now owns 21,634 company shares. In a previous transaction on Jan 03 ’24, Stein Steven H sold 7,365 shares at 65.51 per share. INCY shares that EVP & Chief Medical Officer owns now total 90,218.

Among the insiders who sold shares, Iyengar Vijay K disposed of 657 shares on Jan 02 ’24 at a per-share price of $65.00. This resulted in the EVP, GMAPPS holding 43,412 shares of INCY after the transaction. In another insider transaction, Tray Thomas sold 1,067 shares at $62.37 per share on Dec 13 ’23. Company shares held by the Principal Accounting Officer now total 23,436.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, INCY has a high of $67.36 and a low of $50.27.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 3.86.

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