IAC Inc (NASDAQ: IAC) is -4.70% lower on its value in year-to-date trading and has touched a low of $32.04 and a high of $45.64 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 $41.14 in the last trading session, with the day’s loss setting it -0.58%.
Currently trading at $40.56, the stock is 2.06% and 6.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -1.41% at the moment leaves the stock 7.10% off its SMA200. IAC registered 14.12% gain for a year compared to 6-month gain of 16.47%. The firm has a 50-day simple moving average (SMA 50) of $38.0272 and a 200-day simple moving average (SMA200) of $37.747284.
The stock witnessed a 9.27% loss in the last 1 month and extending the period to 3 months gives it a 20.89%, and is -1.02% 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 1.85% over the week and 2.50% over the month.
IAC Inc (IAC) has around 8300 employees, a market worth around $3.24B and $3.45B in sales. Fwd P/E is 81.17. Profit margin for the company is -23.25%. Distance from 52-week low is 26.57% and -11.13% 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 52.95% this year
471.0 institutions hold shares in IAC Inc (IAC), with institutional investors hold 103.42% of the company’s shares. The shares outstanding are 74.35M, and float is at 67.21M with Short Float at 8.09%. Institutions hold 100.63% 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.
