Incyte Corporation (INCY): What’s the Story?

Incyte Corporation (INCY) is an interesting player in the Healthcare space, with a focus on Biotechnology. The stock has been active on the tape, currently trading at $70.37, up from yesterday’s close by 0.36%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Incyte Corporation (INCY) currently trades with a market capitalization of $14.86 Billion. That value represents a market adjusting for revenues that have been growing by 36.04 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$204.01 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.03 on a per share basis this quarter. Perhaps, that suggests something about why 1.27% of the outstanding share supply is held by institutional investors.



Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Incyte Corporation recorded a 52-week high of $140.11. It is now trading 69.74% off that level. The stock is trading $84.32 its 50-day moving average by 13.95%. The stock carved out a 52-week low down at $61.30.

In recent action, Incyte Corporation (INCY) has made a move of -21.84% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.47% with $211.01 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of INCY.

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