Icon Plc (ICLR) is expecting -30.26% growth in the next quarter: What can investors do to maximize their returns?

On Monday, Icon Plc (NASDAQ: ICLR) opened higher 4.55% from the last session, before settling in for the closing price of $220.47. Price fluctuations for ICLR have ranged from $220.01 to $347.72 over the past 52 weeks.

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During the last 5-year period, the sales growth of Healthcare Sector giant was 29.97%. Company’s average yearly earnings per share was noted 9.38% at the time writing. With a float of $82.10 million, this company’s outstanding shares have now reached $82.50 million.

Let’s determine the extent of company efficiency that accounts for 41100 employees. In terms of profitability, gross margin is 23.06%, operating margin of 13.77%, and the pretax margin is 9.71%.

Icon Plc (ICLR) Insider Activity

A key investor’s attitude towards the stock of the Diagnostics & Research industry is another important factor to consider. The insider ownership of Icon Plc is 0.87%, while institutional ownership is 95.97%. The most recent insider transaction that took place on Aug 26 ’24, was worth 3,794,380. Before that another transaction happened on Jul 30 ’24, when Company’s Officer proposed sale 5,969 for $330.42, making the entire transaction worth $1,972,304.

Icon Plc (ICLR) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 9.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.42% growth over the previous five years of trading.

Icon Plc (NASDAQ: ICLR) Trading Performance Indicators

Check out the current performance indicators for Icon Plc (ICLR). In the past quarter, the stock posted a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30. Likewise, its price to free cash flow for the trailing twelve months is 15.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.98, a number that is poised to hit 3.43 in the next quarter and is forecasted to reach 15.11 in one year’s time.

Technical Analysis of Icon Plc (ICLR)

Looking closely at Icon Plc (NASDAQ: ICLR), its last 5-days average volume was 2.88 million, which is a jump from its year-to-date volume of 0.63 million. As of the previous 9 days, the stock’s Stochastic %D was 4.98%. Additionally, its Average True Range was 12.37.

During the past 100 days, Icon Plc’s (ICLR) raw stochastic average was set at 8.21%, which indicates a significant decrease from 12.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.10% in the past 14 days, which was higher than the 46.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $295.92, while its 200-day Moving Average is $306.97. However, in the short run, Icon Plc’s stock first resistance to watch stands at $235.91. Second resistance stands at $241.33. The third major resistance level sits at $248.65. If the price goes on to break the first support level at $223.17, it is likely to go to the next support level at $215.85. Should the price break the second support level, the third support level stands at $210.43.

Icon Plc (NASDAQ: ICLR) Key Stats

There are currently 82,495K shares outstanding in the company with a market cap of 19.09 billion. Presently, the company’s annual sales total 8,120 M according to its annual income of 612,340 K. Last quarter, the company’s sales amounted to 2,030 M and its income totaled 197,130 K.