IAC Inc (NASDAQ: IAC)’s stock price has decreased by -0.11 compared to its previous closing price of 46.75. However, the company has seen a -1.04% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-05-23 that NEW YORK, May 23, 2024 /PRNewswire/ — IAC (NASDAQ: IAC) will participate in the 52nd Annual TD Cowen Technology, Media and Telecom Conference on Thursday, May 30, 2024. Christopher Halpin, Executive Vice President, CFO and COO of IAC will participate in a fireside chat at 11:25 a.m.
Is It Worth Investing in IAC Inc (NASDAQ: IAC) Right Now?
Additionally, the 36-month beta value for IAC is 1.48. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IAC is 75.18M and currently, short sellers hold a 5.65% ratio of that float. The average trading volume of IAC on June 28, 2024 was 944.74K shares.
IAC’s Market Performance
IAC stock saw a decrease of -1.04% in the past week, with a monthly decline of -3.51% and a quarterly a decrease of -12.45%. The volatility ratio for the week is 1.86%, and the volatility levels for the last 30 days are 2.37% for IAC Inc (IAC). The simple moving average for the last 20 days is -3.16% for IAC stock, with a simple moving average of -7.22% for the last 200 days.
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 -7.24% 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 -33.14% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 1.86%, as shares sank -4.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.09% lower at present.
During the last 5 trading sessions, IAC fell by -1.37%, which changed the moving average for the period of 200-days by -11.66% in comparison to the 20-day moving average, which settled at $48.11. In addition, IAC Inc saw -10.84% 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:
- -0.04 for the present operating margin
- 0.66 for the gross margin
The net margin for IAC Inc stands at -0.03. The total capital return value is set at -0.02. Equity return is now at value -1.90, with -1.11 for asset returns.
Based on IAC Inc (IAC), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -2.34.
Currently, EBITDA for the company is 320.47 million with net debt to EBITDA at 2.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.08. The receivables turnover for the company is 9.08for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.70.
Conclusion
In conclusion, IAC Inc (IAC) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
