ICLR Stock Summary and Trading Ideas (Icon PLC - | NASDAQ:ICLR)

Icon is a global late-stage contract research organization that provides drug development and clinical trial services to pharmaceutical, biotechnology, and medical-device firms. While the vast majority of its revenue comes from clinical research, Icon also offers ancillary services such as laboratory and imaging capabilities. The company is headquartered in Ireland.

Icon PLC - trades on the NASDAQ stock market under the symbol ICLR.

As of May 13, 2024, ICLR stock price declined to $309.51 with 402,356 million shares trading.

ICLR has a beta of 1.66, meaning it tends to be more sensitive to market movements. ICLR has a correlation of 0.42 to the broad based SPY ETF.

ICLR has a market cap of $25.59 billion. This is considered a Large Cap stock.

Last quarter Icon PLC - reported $2 billion in Revenue and $3.47 earnings per share. This met revenue expectation and exceeded earnings estimates by $.06.

In the last 3 years, ICLR stock traded as high as $344.77 and as low as $171.43.

The top ETF exchange traded funds that ICLR belongs to (by Net Assets): IWR, IWD, IWS, TMFG, EIRL.

ICLR has outperformed the market in the last year with a return of +61.3%, while the SPY ETF gained +27.8%. In the last 3 month period, ICLR beat the market returning +11.1%, while SPY returned +4.3%. However, in the most recent 2 weeks ICLR has underperformed the stock market by returning +0.4%, while SPY returned +2.5%.

ICLR support price is $309.15 and resistance is $321.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ICLR stock will trade within this expected range on the day.