IAC Inc (NASDAQ: IAC) is -0.62% 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 $34.09 in the last trading session, with the day’s gains setting it 1.23%.
Currently trading at $35.32, the stock is 2.30% and -3.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.66 million and changing 3.61% at the moment leaves the stock -9.46% off its SMA200. IAC registered -22.15% loss for a year compared to 6-month loss of -12.45%.
The stock witnessed a 2.29% gain in the last 1 month and extending the period to 3 months gives it a 0.40%, and is 1.09% 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 3.69% over the week and 4.03% over the month.
IAC Inc (IAC) has around 8300 employees, a market worth around $2.82B and $3.45B in sales. Fwd P/E is 65.81. Profit margin for the company is -23.25%. Distance from 52-week low is 10.22% and -26.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.07%).
The EPS is expected to grow by 63.79% this year
The shares outstanding are 74.35M, and float is at 72.13M with Short Float at 5.23%.
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.
