In the past week, ICLR stock has gone up by 5.97%, with a monthly decline of -6.17% and a quarterly surge of 17.33%. The volatility ratio for the week is 3.31%, and the volatility levels for the last 30 days are 2.55% for Icon Plc The simple moving average for the last 20 days is -0.88% for ICLR’s stock, with a simple moving average of 13.66% for the last 200 days.
Is It Worth Investing in Icon Plc (NASDAQ: ICLR) Right Now?
Icon Plc (NASDAQ: ICLR) has a higher price-to-earnings ratio of 41.89x compared to its average ratio. ICLR has 36-month beta value of 1.17. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ICLR is 81.77M, and currently, short sellers hold a 1.70% ratio of that float. The average trading volume of ICLR on April 25, 2024 was 532.29K shares.
ICLR) stock’s latest price update
Icon Plc (NASDAQ: ICLR)’s stock price has gone rise by 0.98 in comparison to its previous close of 306.45, however, the company has experienced a 5.97% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-24 that Icon PLC (ICLR) came out with quarterly earnings of $3.47 per share, beating the Zacks Consensus Estimate of $3.44 per share. This compares to earnings of $2.90 per share a year ago.
Analysts’ Opinion of ICLR
Many brokerage firms have already submitted their reports for ICLR stocks, with Truist repeating the rating for ICLR by listing it as a “Buy.” The predicted price for ICLR in the upcoming period, according to Truist is $357 based on the research report published on December 15, 2023 of the previous year 2023.
TD Cowen, on the other hand, stated in their research note that they expect to see ICLR reach a price target of $306. The rating they have provided for ICLR stocks is “Outperform” according to the report published on September 13th, 2023.
Barclays gave a rating of “Overweight” to ICLR, setting the target price at $260 in the report published on January 17th of the previous year.
ICLR Trading at -2.24% from the 50-Day Moving Average
After a stumble in the market that brought ICLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.25% of loss for the given period.
Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 3.31%, as shares sank -6.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.29% upper at present.
During the last 5 trading sessions, ICLR rose by +5.97%, which changed the moving average for the period of 200-days by +26.65% in comparison to the 20-day moving average, which settled at $311.15. In addition, Icon Plc saw 9.32% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ICLR
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.28 for the gross margin
The net margin for Icon Plc stands at 0.08. The total capital return value is set at 0.07. Equity return is now at value 6.90, with 3.58 for asset returns.
Based on Icon Plc (ICLR), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 2.87.
Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at 2.17. When we switch over and look at the enterprise to sales, we see a ratio of 3.58. The receivables turnover for the company is 2.8for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To put it simply, Icon Plc (ICLR) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
