Incyte Corp (NASDAQ: INCY) has reported earnings for its third fiscal quarter (ending September 30) of $0.55 versus $0.76 for the same period a year ago — a decline of -28%. For the latest four quarters through September 30, E.P.S. were $0.10 compared to $1.90 a year ago — a decline of -95%.
Recent Price Action
On 10/29/24, Incyte Corp (NASDAQ: INCY) stock enjoyed a major increase of 12.0%, closing at $73.60. Moreover, this advance was accompanied by exceptionally high trading volume at 257% of normal. The stock has been strong relative to the market over the last nine months and has risen 12.8% during the last week.
Current PriceTarget Research Rating
INCY’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Incyte has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Incyte has a slightly positive Appreciation Score of 66 and a slightly positive Power Rating of 68, producing the Positive Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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