Icahn Enterprises L P (IEP) Stock Could Soon Reward Patient Investors

Icahn Enterprises L P (NASDAQ: IEP) is 15.34% higher on its value in year-to-date trading and has touched a low of $8.53 and a high of $20.25 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 $9.90 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $10.00, the stock is 0.01% and 3.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing 1.01% at the moment leaves the stock -23.90% off its SMA200. IEP registered -48.24% loss for a year compared to 6-month loss of -18.10%.

The stock witnessed a 0.91% gain in the last 1 month and extending the period to 3 months gives it a -9.42%, and is -0.89% 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 3.16% over the week and 3.15% over the month.

Icahn Enterprises L P (IEP) has around 15037 employees, a market worth around $5.23B and $10.17B in sales. Profit margin for the company is -4.29%. Distance from 52-week low is 17.23% and -50.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.20%).

Icahn Enterprises L P (IEP) Top Institutional Holders

The shares outstanding are 522.74M, and float is at 54.34M with Short Float at 21.44%.

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 90.292% 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.