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Trade-Ideas: Incyte (INCY) Is Today's Post-Market Laggard Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Incyte ( INCY) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Incyte as such a stock due to the following factors:

  • INCY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $63.5 million.
  • INCY is down 6.1% today from today's close.

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More details on INCY:

Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary small molecule drugs for oncology and inflammation. Currently there are 11 analysts that rate Incyte a buy, 1 analyst rates it a sell, and 2 rate it a hold.

The average volume for Incyte has been 1.6 million shares per day over the past 30 days. Incyte has a market cap of $5.7 billion and is part of the health care sector and drugs industry. The stock has a beta of 0.85 and a short float of 14.4% with 6.11 days to cover. Shares are up 124.3% year to date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Incyte as a sell. The company's weaknesses can be seen in multiple areas, such as its poor profit margins and feeble growth in its earnings per share.

Highlights from the ratings report include:

  • The gross profit margin for INCYTE CORP is rather low; currently it is at 24.95%. It has decreased from the same quarter the previous year.
  • INCYTE CORP has exprienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, INCYTE CORP continued to lose money by earning -$0.36 versus -$1.48 in the prior year. For the next year, the market is expecting a contraction of 2.8% in earnings (-$0.37 versus -$0.36).
  • The net income has significantly decreased by 163.7% when compared to the same quarter one year ago, falling from $4.04 million to -$2.57 million.
  • Net operating cash flow has declined marginally to $8.08 million or 7.37% when compared to the same quarter last year.
  • Compared to its price level of one year ago, INCY is up 105.00% to its most recent closing price of 37.25. Looking ahead, however, our view is that this stock's fundamentals could hold back its rise or even push it down.

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