Icahn Enterprises L P (NASDAQ: IEP) is -25.01% lower on its value in year-to-date trading and has touched a low of $9.72 and a high of $22.59 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IEP stock was last observed hovering at around $13.20 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $12.89, the stock is -8.31% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing -2.35% at the moment leaves the stock -21.01% off its SMA200. IEP registered -35.68% loss for a year compared to 6-month loss of -28.51%. The firm has a 50-day simple moving average (SMA 50) of $13.2298 and a 200-day simple moving average (SMA200) of $16.34225.
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The stock witnessed a -6.05% gain in the last 1 month and extending the period to 3 months gives it a -19.94%, and is 2.63% up 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 5.18% over the week and 4.83% over the month.
Icahn Enterprises L P (IEP) has around 15038 employees, a market worth around $6.13B and $10.95B in sales. Fwd P/E is 15.91. Profit margin for the company is -4.60%. Distance from 52-week low is 32.61% and -42.94% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.73%).
The EPS is expected to grow by 76.00% this year
149.0 institutions hold shares in Icahn Enterprises L P (IEP), with institutional investors hold 92.05% of the company’s shares. The shares outstanding are 475.46M, and float is at 474.95M with Short Float at 2.23%. Institutions hold 91.94% of the Float.
The top institutional shareholder in the company is ICAHN CARL C with over 406.31 million shares valued at $6.7 billion. The investor’s holdings represent 94.7119 of the IEP Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 1.11 million shares valued at $18.21 million to account for 0.2576 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.93 million shares representing 0.2157 and valued at over $15.25 million, while FIRST TRUST ADVISORS LP holds 0.0931 of the shares totaling 0.4 million with a market value of $6.59 million.
