INCY — Incyte Corporation

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates INCY Bullish with a Setup Score of 37, net conviction 62, actionability 22. How the Setup Score works →

Total Setup Score37
Directional BiasBullish
Net Conviction62
Actionability22 (in range)

Key signals behind this score

About Incyte Corporation

Incyte Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of therapeutics in the United States, Europe, Canada, and Japan. The company offers JAKAFI for the treatment of myelofibrosis (MF), polycythemia vera, and steroid-refractory acute graft-versus-host disease; ICLUSIG, a kinase inhibitor to treat chronic myeloid leukemia and Philadelphia-chromosome positive acute lymphoblastic leukemia; MONJ… Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$128.12
Market Cap$25.79B
Float170.7M
Shares Outstanding202.7M
P/E (Forward)41.32
P/E (TTM)16.37
Price/Sales (TTM)4.43
vs. Analyst Target-1.6% to analyst PT
Profit Margin27.71%
Operating Margin (TTM)41.90%
Revenue (TTM)$5.82B
Earnings Growth (YoY)37.70%
Dividend RateNone
Analyst Target Price$126.04 (27 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.67B -$296M $2.54B -$178M
2021 $2.99B $949M $2.84B $630M
2022 $3.39B $341M $3.19B $600M
2023 $3.70B $598M $3.44B $919M
2024 $4.24B $32.6M $3.93B $408M
2025 $5.14B $1.29B $4.77B $1.76B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $1.37B $424M
Dec 2025 $1.51B $299M
Mar 2026 $1.27B $303M
Jun 2026 $1.67B $586M

Ownership & Float

Insider Ownership1.8%
Institutional Ownership103.8%
Short Float6.0%
% of All Funds Holding9.63%
Number of Funds Holding847

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$119.84Near-term / short-term trend
Weekly40-Week SMA$104.50Medium-term trend
Weekly80-Week SMA$89.86Cyclical trend (business cycle)
Weekly200-Week SMA$75.59Secular trend (multi-year)
Monthly10-Month SMA$105.17Near-term monthly trend
Monthly20-Month SMA$89.68Medium-term monthly trend
Monthly40-Month SMA$75.84Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$97.00 support 1.19x 1 months ago
$94.00 support 1.08x 8 months ago
$85.00 support 1.28x 9 months ago

Historical Earnings Reactions (124 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.35% 0.00% 48.39% 8.10% -14.24%
1 Day -0.29% 0.00% 50.00% 11.93% -20.49%
1 Week -1.25% -1.47% 46.77% 22.92% -26.46%
2 Weeks -0.26% -0.56% 48.39% 39.90% -37.22%
1 Month 2.42% -0.61% 47.97% 102.81% -41.86%

Next earnings: October 16, 2026 (50 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan8.4%63.6%33
Feb-0.2%33.3%33
Mar-4.0%42.4%33
Apr-1.0%48.5%33
May6.0%60.6%33
Jun2.9%60.6%33
Jul1.7%54.5%33
Aug1.9%53.1%32
Sep-1.3%40.6%32
Oct2.1%53.1%32
Nov6.1%59.4%32
Dec9.1%57.6%33

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.13% 48.4% 1553
Tuesday 0.03% 47.1% 1695
Wednesday 0.05% 47.5% 1693
Thursday 0.12% 47.8% 1660
Friday 0.31% 50.8% 1653

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 103.8%

Insider Transactions — Smart Summary

Total insider ownership: 1.8%

12-Month Insider Activity Summary

Total Filings31
Net Value-$31.6M
Net Shares Change-428,064
% of Float-0.3%
C-Suite Filings29
Clusters Detected2

Key Insiders

NameTitleNet ValueFilingsActivity
Stein Steven H CMO & Head of Late-Stage Dev. -$6.3M 2 N/A
CAGNONI PABLO J President, Global Head of R&D -$5.9M 4 N/A
Morrissey Michael James EVP, Head of Tech. Operations -$5.7M 1 N/A
Issa Mohamed Khairie EVP, Head of U.S. Commercial -$2.2M 2 N/A
Mayes Patrick A EVP & Chief Scientific Officer -$2.1M 1 N/A

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-11-05 – 2025-11-19 5 4 -$20.1M 4 C-suite
2025-12-12 – 2025-12-22 3 3 -$6.3M 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-07-16 Stein Steven H CMO & Head of Late-Stage Dev. -$6.1M Transaction at $113.98, now +12.4%
2026-07-20 Stein Steven H CMO & Head of Late-Stage Dev. -$215,348.21 Transaction at $114.73, now +11.7%
2026-07-20 Issa Mohamed Khairie EVP, Head of U.S. Commercial -$125,705.93 Transaction at $115.01, now +11.4%
2026-08-20 CAGNONI PABLO J President, Global Head of R&D -$1.4M Transaction at $125.56, now +2.0%
2026-08-14 CAGNONI PABLO J President, Global Head of R&D -$1.3M Transaction at $120.04, now +6.7%
2026-08-04 CAGNONI PABLO J President, Global Head of R&D -$1.9M Transaction at $119.70, now +7.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Incyte Corporation (INCY) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for INCY on Trend Edge →