Icahn Enterprises L P (NASDAQ: IEP) is -43.75% lower on its value in year-to-date trading and has touched a low of $7.27 and a high of $17.93 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 IEP stock was last observed hovering at around $9.31 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $9.68, the stock is 9.40% and 11.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.98 million and changing 3.92% at the moment leaves the stock -3.26% off its SMA200. IEP registered 11.59% gain for a year compared to 6-month loss of 1.52%. The firm has a 50-day simple moving average (SMA 50) of $8.705 and a 200-day simple moving average (SMA200) of $10.00125.
The stock witnessed a 18.71% gain in the last 1 month and extending the period to 3 months gives it a 10.45%, and is 3.37% 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 3.40% over the week and 2.99% over the month.
Icahn Enterprises L P (IEP) has around 15037 employees, a market worth around $5.28B and $9.94B in sales. Fwd P/E is 12.25. Profit margin for the company is -8.18%. Distance from 52-week low is 33.08% and -46.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.24%).
The EPS is expected to grow by 67.02% this year
127.0 institutions hold shares in Icahn Enterprises L P (IEP), with institutional investors hold 91.52% of the company’s shares. The shares outstanding are 522.74M, and float is at 28.24M with Short Float at 40.36%. Institutions hold 91.45% of the Float.
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 0.2456 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 0.93 million shares representing 0.2056 and valued at over $15.25 million, while FIRST TRUST ADVISORS LP holds 0.0888 of the shares totaling 0.4 million with a market value of $6.59 million.
