Investing In Incyte Corp. (NASDAQ: INCY): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

The company is listed on the NASDAQ and operates within the Biotechnology industry segment. The current market capitalization of Incyte Corp. is $14.45B. A total of 1.5 million shares were traded on the day, compared to an average of 3.63M shares.

In the most recent transaction, Flannelly Barry P sold 8,148 shares of INCY for 60.00 per share on Jul 09 ’24. After the transaction, the EVP & General Manager US now owns 50,534 company shares. In a previous transaction on Jun 12 ’24, Flannelly Barry P sold 19,164 shares at 60.00 per share. INCY shares that EVP & General Manager US owns now total 66,377.

Among the insiders who sold shares, Tray Thomas disposed of 1,093 shares on Jun 06 ’24 at a per-share price of $58.91. This resulted in the Principal Accounting Officer holding 21,634 shares of INCY after the transaction. In another insider transaction, Stein Steven H sold 7,365 shares at $65.51 per share on Jan 03 ’24. Company shares held by the EVP & Chief Medical Officer now total 90,218.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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 3.76.

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