IAC Inc (NASDAQ: IAC) is 0.58% higher on its value in year-to-date trading and has touched a low of $39.61 and a high of $58.29 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 IAC stock was last observed hovering at around $41.00 in the last trading session, with the day’s gains setting it 2.39%.
Currently trading at $43.39, the stock is 2.53% and -0.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.77 million and changing 5.83% at the moment leaves the stock -11.32% off its SMA200. IAC registered -18.04% loss for a year compared to 6-month loss of -12.59%. The firm has a 50-day simple moving average (SMA 50) of $43.613 and a 200-day simple moving average (SMA200) of $48.9546.
The stock witnessed a 4.58% gain in the last 1 month and extending the period to 3 months gives it a -18.84%, and is 1.62% 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 3.07% over the week and 2.98% over the month.
IAC Inc (IAC) has around 9500 employees, a market worth around $3.74B and $3.81B in sales. Fwd P/E is 127.15. Profit margin for the company is -14.22%. Distance from 52-week low is 9.54% and -25.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.21%).
The EPS is expected to grow by 89.87% this year
The shares outstanding are 86.27M, and float is at 78.24M with Short Float at 4.33%.
The top institutional shareholder in the company is BLACKROCK INC. with over 8.78 million shares valued at $411.32 million. The investor’s holdings represent 10.1382 of the IAC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.88 million shares valued at $369.3 million to account for 9.1024 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 5.9 million shares representing 7.1048 and valued at over $276.6 million, while UBS ASSET MANAGEMENT AMERICAS INC holds 3.2116 of the shares totaling 2.78 million with a market value of $130.3 million.
