IAC Inc (NASDAQ: IAC) is -5.48% lower on its value in year-to-date trading and has touched a low of $37.76 and a high of $57.21 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 IAC stock was last observed hovering at around $39.26 in the last trading session, with the day’s gains setting it 0.76%.
Currently trading at $40.02, the stock is -12.32% and -9.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing 1.94% at the moment leaves the stock -15.08% off its SMA200. IAC registered -23.68% loss for a year compared to 6-month loss of -24.23%. The firm has a 50-day simple moving average (SMA 50) of $37.014805 and a 200-day simple moving average (SMA200) of $39.40764.
The stock witnessed a -8.47% gain in the last 1 month and extending the period to 3 months gives it a -4.57%, and is -18.28% 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 4.17% over the week and 3.33% over the month.
IAC Inc (IAC) has around 8300 employees, a market worth around $3.33B and $3.81B in sales. Fwd P/E is 90.13. Profit margin for the company is -14.22%. Distance from 52-week low is 5.99% and -30.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.89%).
The EPS is expected to grow by 98.37% this year
484.0 institutions hold shares in IAC Inc (IAC), with institutional investors hold 104.24% of the company’s shares. The shares outstanding are 80.48M, and float is at 75.19M with Short Float at 3.99%. Institutions hold 101.18% of the Float.
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 10.565 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 3.3468 of the shares totaling 2.78 million with a market value of $130.3 million.
