Additionally, the 36-month beta value for IAC is 1.52. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 6 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for IAC is 75.45M and currently, short sellers hold a 2.79% ratio of that float. The average trading volume of IAC on November 22, 2024 was 535.50K shares.
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IAC) stock’s latest price update
IAC Inc (NASDAQ: IAC)’s stock price has gone rise by 0.02 in comparison to its previous close of 47.72, however, the company has experienced a 1.60% increase in its stock price over the last five trading days. seekingalpha.com reported 2024-11-13 that IAC saw an improving ad market despite the issues of being an advertiser in a distracting election cycle. The sum of the parts analysis could be more emphasized by a lower tax burden, depending on election outcomes in other branches, and also by the Angi spin-off. Angi restructuring seems to be working, although markets did not appreciate the spin-off announcement, which might have been interpreted as a lack of confidence.
IAC’s Market Performance
IAC Inc (IAC) has seen a 1.60% rise in stock performance for the week, with a -8.23% decline in the past month and a -8.14% plunge in the past quarter. The volatility ratio for the week is 2.09%, and the volatility levels for the past 30 days are at 3.29% for IAC. The simple moving average for the last 20 days is -4.34% for IAC’s stock, with a simple moving average of -6.79% for the last 200 days.
Analysts’ Opinion of IAC
Many brokerage firms have already submitted their reports for IAC stocks, with JMP Securities repeating the rating for IAC by listing it as a “Mkt Outperform.” The predicted price for IAC in the upcoming period, according to JMP Securities is $78 based on the research report published on July 09, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see IAC reach a price target of $54, previously predicting the price at $46. The rating they have provided for IAC stocks is “Neutral” according to the report published on February 15th, 2023.
Citigroup gave a rating of “Buy” to IAC, setting the target price at $60 in the report published on December 13th of the previous year.
IAC Trading at -7.76% 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 -18.12% of loss for the given period.
Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares sank -7.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.96% lower at present.
During the last 5 trading sessions, IAC rose by +1.60%, which changed the moving average for the period of 200-days by -6.87% in comparison to the 20-day moving average, which settled at $49.90. In addition, IAC Inc saw -8.88% 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:
- -0.02 for the present operating margin
- 0.67 for the gross margin
The net margin for IAC Inc stands at -0.0. The total capital return value is set at -0.01. Equity return is now at value -0.42, with -0.24 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 0.15. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -0.58.
Currently, EBITDA for the company is 1.1 billion with net debt to EBITDA at 1.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 8.11for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.75.
Conclusion
In conclusion, IAC Inc (IAC) has seen bad performance in recent times. Analysts have a mixed 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.
