What Lies Ahead For Interpublic Group Of Cos., Inc. (NYSE: IPG) In 2024?

Interpublic Group Of Cos., Inc. (NYSE:IPG) shares, rose in value, with the stock price down by -1.22% to the previous day’s close as strong demand from buyers drove the stock to $29.58.

Actively observing the price movement in the recent trading, the stock is buoying the session at $29.95, falling within a range of $29.43 and $29.95. The value of beta (5-year monthly) is 1.082 whereas the PE ratio is 13.97 over 12-month period. Referring to stock’s 52-week performance, its high was $35.17, and the low was $27.84. On the whole, IPG has fluctuated by -4.78% over the past month.

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With the market capitalization of Interpublic Group Of Cos., Inc. currently standing at about $11.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06. The company’s Forward Dividend Ratio is 1.30, with its dividend yield at 4.39%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IPG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 4.42, with the price of IPG currently trading nearly -3.93% and -5.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.03, while the 7-day volatility ratio is showing 1.38% which for the 30-day chart, stands at 1.86%. Furthermore, Interpublic Group Of Cos., Inc. (IPG)’s beta value is 1.08, and its average true range (ATR) is 0.61.

A comparison of Interpublic Group Of Cos., Inc. (IPG) with its peers suggests the former has fared considerably weaker in the market. IPG showed an intraday change of -1.22% in today’s session so far, and over the past year, it grew by 4.17%%.

Data on historical trading for Interpublic Group Of Cos., Inc. (NYSE:IPG) indicates that the trading volumes over the past 10 days have averaged 4.38 and over the past 3 months, they’ve averaged 3.84 million. According to company’s latest data on outstanding shares, there are 378.70 million shares outstanding.

Nearly 0.37% of Interpublic Group Of Cos., Inc.’s shares belong to company insiders and institutional investors own 107.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.73 million shares as on 2024-10-15, resulting in a short ratio of 7.11. According to the data, the short interest in Interpublic Group Of Cos., Inc. (IPG) stood at 954.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.57 million. The stock has fallen by -9.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IPG stock heading into the next quarter.

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