Icahn Enterprises L P (NASDAQ: IEP) is 11.58% higher on its value in year-to-date trading and has touched a low of $15.00 and a high of $54.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IEP stock was last observed hovering at around $19.32 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $19.18, the stock is -1.33% and 5.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -0.72% at the moment leaves the stock -12.61% off its SMA200. IEP registered -64.22% loss for a year compared to 6-month loss of -1.39%. The firm has a 50-day simple moving average (SMA 50) of $0.70 and a 200-day simple moving average (SMA200) of -$80.56.
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The stock witnessed a 8.73% gain in the last 1 month and extending the period to 3 months gives it a 11.19%, and is -1.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.78% over the week and 4.14% over the month.
Icahn Enterprises L P (IEP) has around 20041 employees, a market worth around $7.88B and $12.36B in sales. Profit margin for the company is -6.35%. Distance from 52-week low is 27.87% and -64.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.65%).
Icahn Enterprises L P quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $2.36B over the same period., but quarterly earnings will post -19.30% year-over-year. Quarterly sales are estimated to shrink -28.10% in year-over-year returns.
161 institutions hold shares in Icahn Enterprises L P (IEP), with institutional investors hold 91.26% of the company’s shares. The shares outstanding are 410.80M, and float is at 408.94M with Short Float at 1.09%. Institutions hold 91.15% of the Float.
The top institutional shareholder in the company is Icahn Carl C with over 334.49 million shares valued at $9.71 billion. The investor’s holdings represent 85.01% of the IEP Shares outstanding. As of Jun 29, 2023, the second largest holder is Jane Street Group, LLC with 1.33 million shares valued at $38.6 million to account for 0.34% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.77 million shares representing 0.19% and valued at over $22.25 million, while Geode Capital Management, LLC holds 0.07% of the shares totaling 0.28 million with a market value of $8.25 million.
Icahn Enterprises L P (IEP) Insider Activity
A total of 2 insider transactions have happened at Icahn Enterprises L P (IEP) in the last six months, with sales accounting for 1 and purchases happening 1 times.
Icahn Enterprises L P (IEP): Who are the competitors?
One of the company’s main competitors (and peers) include Advance Auto Parts Inc. (AAP) that is trading -52.15% down over the past 12 months.O’Reilly Automotive Inc. (ORLY) lies in the list of competitors of the Icahn Enterprises L P and is 32.61% higher over the same period from IEPAutoZone Inc. (AZO) is 22.60% up on the 1-year trading charts.
