With 0.57 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.49 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $54.86 whereas the lowest price it dropped to was $53.27. The 52-week range on IAC shows that it touched its highest point at $58.29 and its lowest point at $43.10 during that stretch. It currently has a 1-year price target of $73.92. Beta for the stock currently stands at 1.54.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IAC was up-trending over the past week, with a rise of 13.39%, but this was up by 3.58% over a month. Three-month performance surged to 9.64% while six-month performance fell -1.72%. The stock gained 21.23% in the past year, while it has gained 3.80% so far this year. A look at the trailing 12-month EPS for IAC yields -2.22 with Next year EPS estimates of -0.51. For the next quarter, that number is -0.28. This implies an EPS growth rate of -142.91% for this year and 60.26% for next year. EPS is expected to grow by 21.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -14.72%.
Float and Shares Shorts:
At present, 80.11 million IAC shares are outstanding with a float of 75.31 million shares on hand for trading. On 2024-10-15, short shares totaled 2.33 million, which was 270.0 higher than short shares on 1726185600. In addition to Mr. Barry Diller as the firm’s Chairman & Senior Executive, Mr. Joseph M. Levin serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.99294 of IAC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, IAC reported revenue of $949527000.0 and operating income of -$11999000.0. The EBITDA in the recently reported quarter was $80109000.0 and diluted EPS was -$1.71.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IAC since 13 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IAC analysts setting a high price target of 110.0 and a low target of 57.0, the average target price over the next 12 months is 73.92. Based on these targets, IAC could surge 102.32% to reach the target high and rise by 4.84% to reach the target low. Reaching the average price target will result in a growth of 35.96% from current levels.
Analysts have provided yearly estimates in a range of $0.29034 being high and -$2.2905 being low. For IAC, this leads to a yearly average estimate of -$1.27429.
