Icahn Enterprises L P (NASDAQ: IEP) is -35.89% 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 $11.31 in the last trading session, with the day’s loss setting it -0.29%.
Currently trading at $11.02, the stock is -14.27% and -17.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -2.56% at the moment leaves the stock -31.32% off its SMA200. IEP registered -33.29% loss for a year compared to 6-month loss of -33.33%. The firm has a 50-day simple moving average (SMA 50) of $13.3288 and a 200-day simple moving average (SMA200) of $16.04485.
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The stock witnessed a -28.30% gain in the last 1 month and extending the period to 3 months gives it a -30.39%, and is -11.31% 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 3.82% over the week and 5.40% over the month.
Icahn Enterprises L P (IEP) has around 15038 employees, a market worth around $5.55B and $10.54B in sales. Fwd P/E is 13.81. Profit margin for the company is -4.51%. Distance from 52-week low is 13.37% and -51.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.58%).
The EPS is expected to grow by 68.61% this year
143.0 institutions hold shares in Icahn Enterprises L P (IEP), with institutional investors hold 86.90% of the company’s shares. The shares outstanding are 504.00M, and float is at 503.39M with Short Float at 2.19%. Institutions hold 86.81% 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.
