IAC Inc (NASDAQ: IAC) is -5.60% lower on its value in year-to-date trading and has touched a low of $32.04 and a high of $48.02 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 $32.90 in the last trading session, with the day’s gains setting it 0.65%.
Currently trading at $33.55, the stock is -6.80% and -9.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.15 million and changing 1.98% at the moment leaves the stock -14.62% off its SMA200. IAC registered -14.43% loss for a year compared to 6-month loss of -23.61%. The firm has a 50-day simple moving average (SMA 50) of $36.84768 and a 200-day simple moving average (SMA200) of $39.13731.
The stock witnessed a -15.84% gain in the last 1 month and extending the period to 3 months gives it a -3.66%, 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 2.74% over the week and 4.64% over the month.
IAC Inc (IAC) has around 8300 employees, a market worth around $2.69B and $3.81B in sales. Fwd P/E is 75.56. Profit margin for the company is -14.22%. Distance from 52-week low is 4.70% and -30.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.89%).
with sales reaching $809.18M over the same period.The EPS is expected to grow by 98.37% this year, but quarterly earnings will post -6.43% year-over-year. Quarterly sales are estimated to shrink -12.96% in year-over-year returns.
IAC Inc (IAC) Top Institutional Holders
488.0 institutions hold shares in IAC Inc (IAC), with institutional investors hold 104.39% of the company’s shares. The shares outstanding are 80.48M, and float is at 72.13M with Short Float at 6.03%. Institutions hold 101.33% 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 9.4856 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.
IAC Inc (IAC) Insider Activity
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