Icahn Enterprises L.P. (NASDAQ:IEP) went up by 0.90% from its latest closing price compared to the recent 1-year high of $55.73. The company’s stock price has collected -4.60% of loss in the last five trading sessions. The Wall Street Journal reported on 04/04/21 that Carl Icahn Taps Former GE Executive to Be CEO of His Firm
Is It Worth Investing in Icahn Enterprises L.P. (NASDAQ :IEP) Right Now?
Plus, the 36-month beta value for IEP is at 0.78. Opinions of the stock are interesting as 1 analysts out of 1 who provided ratings for Icahn Enterprises L.P. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $70.00, which is $18.57 above the current price. IEP currently public float of 336.90M and currently shorts hold a 0.38% ratio of that float. Today, the average trading volume of IEP was 461.42K shares.
IEP’s Market Performance
IEP stocks went down by -4.60% for the week, with a monthly drop of -5.25% and a quarterly performance of -0.60%, while its annual performance rate touched 0.19%. The volatility ratio for the week stands at 1.52% while the volatility levels for the past 30 days are set at 1.37% for Icahn Enterprises L.P. The simple moving average for the period of the last 20 days is -4.25% for IEP stocks with a simple moving average of -1.83% for the last 200 days.
Analysts’ Opinion of IEP
Many brokerage firms have already submitted their reports for IEP stocks, with UBS repeating the rating for IEP by listing it as a “Sell.” The predicted price for IEP in the upcoming period, according to UBS is $40 based on the research report published on March 03rd of the previous year 2017.
UBS, on the other hand, stated in their research note that they expect to see IEP reach a price target of $30, previously predicting the price at $52. The rating they have provided for IEP stocks is “Sell” according to the report published on August 18th, 2016.
UBS gave a rating of “Neutral” to IEP, setting the target price at $93 in the report published on March 02nd of the previous year.
IEP Trading at -2.22% from the 50-Day Moving Average
After a stumble in the market that brought IEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.72% of loss for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares sank -4.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.52% lower at present.
During the last 5 trading sessions, IEP fell by -4.60%, which changed the moving average for the period of 200-days by -6.20% in comparison to the 20-day moving average, which settled at $53.58. In addition, Icahn Enterprises L.P. saw 3.71% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IEP
Current profitability levels for the company are sitting at:
- +8.89 for the present operating margin
- +18.99 for the gross margin
The net margin for Icahn Enterprises L.P. stands at -4.92. Equity return is now at value -9.20, with -1.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.