In the past week, IAC stock has gone down by -1.89%, with a monthly decline of -0.44% and a quarterly plunge of -0.37%. The volatility ratio for the week is 2.44%, and the volatility levels for the last 30 days are 2.27% for IAC Inc The simple moving average for the last 20 days is -0.67% for IAC stock, with a simple moving average of -3.33% for the last 200 days.
Is It Worth Investing in IAC Inc (NASDAQ: IAC) Right Now?
The price-to-earnings ratio for IAC Inc (NASDAQ: IAC) is 20.85x, which is above its average ratio. Moreover, the 36-month beta value for IAC is 1.42. Analysts have varying opinions on the stock, with 12 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IAC is 74.98M and currently, short sellers hold a 2.62% of that float. On April 05, 2024, IAC’s average trading volume was 547.61K shares.
IAC) stock’s latest price update
IAC Inc (NASDAQ: IAC) has seen a decline in its stock price by -1.48 in relation to its previous close of 52.61. However, the company has experienced a -1.89% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-21 that Reddit’s IPO is making waves among social media stocks as early investors massively oversubscribe to the listing, which is expected to post between $31 and $34 per share. While some may see Reddit as the next big social media stock, better options and alternatives are out there.
Analysts’ Opinion of IAC
Many brokerage firms have already submitted their reports for IAC stocks, with UBS repeating the rating for IAC by listing it as a “Neutral.” The predicted price for IAC in the upcoming period, according to UBS is $54 based on the research report published on February 15, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see IAC reach a price target of $60. The rating they have provided for IAC stocks is “Buy” according to the report published on December 13th, 2022.
UBS gave a rating of “Sell” to IAC, setting the target price at $46 in the report published on December 02nd of the previous year.
IAC Trading at -2.22% from the 50-Day Moving Average
After a stumble in the market that brought IAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.80% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares surge +0.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.15% upper at present.
During the last 5 trading sessions, IAC fell by -1.89%, which changed the moving average for the period of 200-days by -17.66% in comparison to the 20-day moving average, which settled at $52.20. In addition, IAC Inc saw -1.05% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IAC
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.65 for the gross margin
The net margin for IAC Inc stands at 0.06. The total capital return value is set at -0.03. Equity return is now at value 4.04, with 2.34 for asset returns.
Based on IAC Inc (IAC), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -3.07.
Currently, EBITDA for the company is 320.47 million with net debt to EBITDA at 7.51. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 8.13for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
To wrap up, the performance of IAC Inc (IAC) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
