Icon Plc (NASDAQ: ICLR) has a price-to-earnings ratio that is above its average at 34.37x. The stock has a 36-month beta value of 1.22. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 5 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for ICLR is 82.10M, and at present, short sellers hold a 2.14% of that float. On October 18, 2024, the average trading volume of ICLR was 565.54K shares.
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ICLR) stock’s latest price update
Icon Plc (NASDAQ: ICLR)’s stock price has soared by 0.56 in relation to previous closing price of 293.60. Nevertheless, the company has seen a loss of -0.35% in its stock price over the last five trading days. zacks.com reported 2024-10-16 that Icon PLC (ICLR) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ICLR’s Market Performance
Icon Plc (ICLR) has experienced a -0.35% fall in stock performance for the past week, with a -2.38% drop in the past month, and a -10.45% drop in the past quarter. The volatility ratio for the week is 2.36%, and the volatility levels for the past 30 days are at 2.89% for ICLR. The simple moving average for the past 20 days is 0.97% for ICLR’s stock, with a -3.89% simple moving average for the past 200 days.
Analysts’ Opinion of ICLR
Leerink Partners, on the other hand, stated in their research note that they expect to see ICLR reach a price target of $379. The rating they have provided for ICLR stocks is “Outperform” according to the report published on September 18th, 2024.
Goldman gave a rating of “Buy” to ICLR, setting the target price at $370 in the report published on June 06th of the current year.
ICLR Trading at -2.83% 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 -15.09% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -1.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.70% lower at present.
During the last 5 trading sessions, ICLR fell by -0.35%, which changed the moving average for the period of 200-days by +5.14% in comparison to the 20-day moving average, which settled at $292.41. In addition, Icon Plc saw 4.30% 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 3.3. 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
To sum up, Icon Plc (ICLR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
