Incyte Corp. (NASDAQ:INCY) has a beta value of 0.68 and has seen 1.27 million shares traded in the recent trading session. The company, currently valued at $11.59B, closed the recent trade at $51.60 per share which meant it lost -$0.96 on the day or -1.82% during that session. The INCY stock price is -46.78% off its 52-week high price of $75.74 and 2.58% above the 52-week low of $50.27. The 3-month trading volume is 1.79 million shares.
Incyte Corp. (NASDAQ:INCY) trade information
Sporting -1.82% in the red today, the stock has traded in the red over the last five days, when the INCY stock price touched $51.60 or saw a rise of 4.16%. Year-to-date, Incyte Corp. shares have moved -17.81%, while the 5-day performance has seen it change -0.09%. Over the past 30 days, the shares of Incyte Corp. (NASDAQ:INCY) have changed -8.89%.
Incyte Corp. (INCY) estimates and forecasts
Figures show that Incyte Corp. shares have outperformed across the wider relevant industry. The company’s shares have lost -1.78% over the past 6 months, with this year growth rate of 30.97%, compared to 12.60% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 127.00% and 15.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 11.80%.
17 analysts offering their estimates for the company have set an average revenue estimate of $923.59 million for the current quarter. 16 have an estimated revenue figure of $1.02 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $859.17 million and $954.61 million respectively for this quarter and the next, and analysts expect sales will grow by 7.50% for the current quarter and 7.40% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 38.99% over the past 5 years. Earnings growth for 2024 is a modest 20.98% while over the next 5 years, the company’s earnings are expected to increase by 22.50%.
INCY Dividends
Incyte Corp. is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
