The stock price of Icon Plc (NASDAQ: ICLR) has surged by 1.58 when compared to previous closing price of 292.54, but the company has seen a 2.53% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that Whether you’re a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.
Is It Worth Investing in Icon Plc (NASDAQ: ICLR) Right Now?
The price-to-earnings ratio for Icon Plc (NASDAQ: ICLR) is above average at 34.59x. The 36-month beta value for ICLR is also noteworthy at 1.23. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ICLR is 82.05M, and at present, short sellers hold a 1.89% of that float. The average trading volume of ICLR on September 18, 2024 was 611.77K shares.
ICLR’s Market Performance
The stock of Icon Plc (ICLR) has seen a 2.53% increase in the past week, with a -8.54% drop in the past month, and a -6.74% fall in the past quarter. The volatility ratio for the week is 3.34%, and the volatility levels for the past 30 days are at 3.05% for ICLR. The simple moving average for the past 20 days is -4.08% for ICLR’s stock, with a -2.70% simple moving average for the past 200 days.
Analysts’ Opinion of ICLR
Goldman, on the other hand, stated in their research note that they expect to see ICLR reach a price target of $370. The rating they have provided for ICLR stocks is “Buy” according to the report published on June 06th, 2024.
Truist gave a rating of “Buy” to ICLR, setting the target price at $357 in the report published on December 15th of the previous year.
ICLR Trading at -6.82% 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 -14.54% of loss for the given period.
Volatility was left at 3.05%, however, over the last 30 days, the volatility rate increased by 3.34%, as shares sank -8.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.25% lower at present.
During the last 5 trading sessions, ICLR rose by +2.57%, which changed the moving average for the period of 200-days by +11.36% in comparison to the 20-day moving average, which settled at $308.46. In addition, Icon Plc saw 4.97% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ICLR starting from UTE BERGER, who proposed sale 11,827 shares at the price of $320.82 back on Aug 26 ’24. After this action, UTE BERGER now owns shares of Icon Plc, valued at $3,794,380 using the latest closing price.
DIARMAID CUNNINGHAM, the Officer of Icon Plc, proposed sale 5,969 shares at $330.42 during a trade that took place back on Jul 30 ’24, which means that DIARMAID CUNNINGHAM is holding shares at $1,972,304 based on the most recent closing price.
Stock Fundamentals for ICLR
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.24 for the gross margin
The net margin for Icon Plc stands at 0.09. The total capital return value is set at 0.08. Equity return is now at value 7.77, with 4.19 for asset returns.
Based on Icon Plc (ICLR), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 3.75.
Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at 1.76. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 2.82for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In summary, Icon Plc (ICLR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
