Icahn Enterprises L P (NASDAQ: IEP)’s stock price has gone decline by -1.24 in comparison to its previous close of 16.52, however, the company has experienced a -15.82% decrease in its stock price over the last five trading days. InvestorPlace reported 2023-11-16 that Operating under the mantra of ‘more is better,’ some income-focused investors seek out the highest-yielding dividend stocks out there. Yet if you think that a super-high yield may in theory sound like an easy path to high returns, it may be best to keep in mind the old adage, “there’s no such thing as a free lunch.
Is It Worth Investing in Icahn Enterprises L P (NASDAQ: IEP) Right Now?
The 36-month beta value for IEP is also noteworthy at 0.90. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for IEP is $26.00, which is $9.69 above than the current price. The public float for IEP is 409.60M, and at present, short sellers hold a 1.12% of that float. The average trading volume of IEP on November 21, 2023 was 704.50K shares.
IEP’s Market Performance
IEP stock saw a decrease of -15.82% in the past week, with a monthly decline of -6.08% and a quarterly a decrease of -21.49%. The volatility ratio for the week is 4.09%, and the volatility levels for the last 30 days are 4.18% for Icahn Enterprises L P (IEP). The simple moving average for the past 20 days is -10.04% for IEP’s stock, with a -50.25% simple moving average for the past 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 03, 2017 of the previous year 2017.
IEP Trading at -13.25% 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 -70.05% of loss for the given period.
Volatility was left at 4.18%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares sank -9.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.49% lower at present.
During the last 5 trading sessions, IEP fell by -16.67%, which changed the moving average for the period of 200-days by -70.22% in comparison to the 20-day moving average, which settled at $18.06. In addition, Icahn Enterprises L P saw -67.79% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IEP
Current profitability levels for the company are sitting at:
- +6.59 for the present operating margin
- +15.26 for the gross margin
The net margin for Icahn Enterprises L P stands at -1.24. The total capital return value is set at 4.09, while invested capital returns managed to touch -1.48. Equity return is now at value -17.53, with -3.19 for asset returns.
Based on Icahn Enterprises L P (IEP), the company’s capital structure generated 302.88 points at debt to equity in total, while total debt to capital is 75.18. Total debt to assets is 50.42, with long-term debt to equity ratio resting at 158.25. Finally, the long-term debt to capital ratio is 39.28.
When we switch over and look at the enterprise to sales, we see a ratio of 1.29, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 2.10 and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.66.
In summary, Icahn Enterprises L P (IEP) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.