How to Buy Incyte Stock
Incyte Corp
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics in the United States and internationally.
Incyte stock last closed at $73.24, down 1.81% from the previous day, and has increased 33.26% in one year. It has overperformed other stocks in the Biotechnology industry by 0.46 percentage points. Incyte stock is currently +45.46% from its 52-week low of $50.35, and -12.76% from its 52-week high of $83.95.
At the moment, there are 192.65M shares of INCY outstanding. The market capitalization of INCY is $14.11B. In the past 24 hours, 1.7M INCY shares were traded.
How to Buy Incyte Stock
Not sure how to invest in Incyte stock? Here's how.
- Figure out where to buy Incyte stock: You need to choose a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Incyte stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- Analyze Incyte stock: The Incyte ticker symbol is INCY. Is Incyte stock a good investment? Should you buy shares of INCY? How do INCY's underlying business fundamentals look? Do top analysts think Incyte is a good buy? Why has INCY's stock price moved recently? (Hint: Our stock market research tools can help you understand if INCY is a good stock to buy).
- Execute your INCY purchase: Decide if you will purchase INCY shares at the current market price or use a limit order to buy INCY stock at a particular price.
- Monitor your INCY position: Create a watchlist to monitor your new investment in Incyte stock.
Step 1: Figure out where to buy Incyte stock
You will need an online brokerage account in order to access the NASDAQ market and buy INCY shares.
Our recommended brokerage: eToro
Based on our analysis, eToro is the best brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
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Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal details so you can invest in INCY today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start a new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have finished signing up on investing apps, you can securely and quickly fund your account:
Check out this video walkthrough for more details transferring funds into your new brokerage account.
Step 4: Analyze Incyte stock
Once you have decided on the best place to buy Incyte stock, it's crucial to evaluate their stock before you invest, so you can wrap your head around the risk as well as the upside.
Incyte quick stats
Fundamentals of INCY
WallStreetZen was created to help part-time investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on INCY's stock page.
What is the fair value of INCY stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge INCY's intrinsic value.
Using relative valuations measures:
- INCY could be undervalued based on its P/E ratio of 430.82x, relative to Biotechnology industry P/E ratio of -106.56x
- INCY could be undervalued based on its P/B ratio of 4.45x, relative to Biotechnology industry P/B ratio of 5.64x
- INCY may be overvalued based on its PEG ratio of 1.68x
You can do additional valuation analysis on INCY's stock here.
INCY Financial Health Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the INCY balance sheet.
- There are more short-term assets than short-term liabilities on the INCY balance sheet.
- INCY's operating cash flow of $101.85M allows it to safely service it's debt of $32.16M.
- INCY earnings of $276.53M is not enough to cover its interest payments.
Failed Health Checks:
- INCY profit margin has gone down from 11.8% to 0.8% in the past year.
- INCY has a relatively high debt to equity ratio of 0.58.
- Total INCY debt is higher than 5 years ago, relative to shareholder equity.
Is it a good time to buy INCY stock, according to analysts?
Out of 12 Equities analysts who give forecasts on INCY, the consensus analyst rating on INCY is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Most Recent INCY Analyst Recommendations
Jay Olson, a top 5% analyst from Oppenheimer maintains INCY with a buy rating and raises their INCY price target from $81.00 to $82.00, on Oct 30, 2024.
Jessica Fye, a top 11% analyst from JP Morgan maintains INCY with a hold rating and raises their INCY price target from $65.00 to $71.00, on Oct 30, 2024.
Evan Seigerman, a bottom 11% analyst from BMO Capital reiterates INCY with a sell rating and raises their INCY price target from $48.00 to $52.00, on Oct 30, 2024.
Tazeen Ahmad, a bottom 17% analyst from Bank of America upgrades INCY to a strong buy rating and raises their INCY price target from $68.00 to $90.00, on Oct 30, 2024.
Srikripa Devarakonda, a top 27% analyst from Truist Securities downgrades INCY to a hold rating and lowers their INCY price target from $83.00 to $74.00, on Sep 18, 2024.
You can dive deeper into what analysts are projecting on the Incyte stock forecast page.
INCY Technical Indicators
INCY Growth Metrics
Last year, INCY earnings were $32.48M. During the past five year, INCY's earnings have gone up by -38.29% per year. This was slower than the Biotechnology industry average of 9.53%.
Last year, INCY revenue was $4.08B. In the last 5 year, INCY's revenue has increased by 14.1% per year. This was slower than the Biotechnology industry average of 66.8%.
Dig into INCY's earnings and revenue performance here.
Who is buying/selling INCY?
Over the past 12 months, insiders at INCY have sold more shares than they have bought.
Barry P. Flannelly, EVP General Manager US of INCY, was the latest INCY insider to sell. They sold $176,441.76 worth of INCY shares on Nov 6, 2024.
Get more info about who owns INCY shares here.
Does INCY provide a stable income stream?
No, Incyte doesn't provide an income stream by paying out dividends.
What others are saying about INCY
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your INCY purchase
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, use a limit order.
Click the Open button and eToro will place your order.
If you want more help buying stocks on eToro, watch the how to video below:
Step 6: Monitor your INCY position
Now that you own some shares in INCY, you'll want to keep up with your new shares.
Make a watchlist to track the latest developments regarding your INCY stock.
INCY Feed
How to Buy Stock in Incyte
To summarize, here are the 6 steps you need to take to buy Incyte stock right now:
- Figure out where to buy Incyte stock
- Sign up for your brokerage account
- Deposit funds into your brokerage account
- Analyze Incyte stock
- Execute your INCY purchase
- Monitor your INCY position
If you require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Incyte, create a watchlist today.
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