Interpublic Group Of Cos., Inc (NYSE:IPG) shares, rose in value on Thursday, December 12, with the stock price down by -1.06% to the previous day’s close as strong demand from buyers drove the stock to $29.78.
Actively observing the price movement in the last trading, the stock closed the session at $30.10, falling within a range of $29.71 and $30.41. The value of beta (5-year monthly) was 1.09 whereas the PE ratio was 14.06 over 12-month period. Referring to stock’s 52-week performance, its high was $35.17, and the low was $26.88. On the whole, IPG has fluctuated by 1.81% over the past month.
With the market capitalization of Interpublic Group Of Cos., Inc currently standing at about $11.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.32, with its dividend yield at 4.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.29B, with a low estimate of 2.5B and a high estimate of 2.57B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.54B.
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 100% Sell 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 10.00, with the price of IPG currently trading nearly 0.99% and -0.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.60, while the 7-day volatility ratio is showing 4.10% which for the 30-day chart, stands at 2.94%. Furthermore, Interpublic Group Of Cos., Inc (IPG)’s beta value is 1.09, and its average true range (ATR) is 0.90.
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 -1.06% in last session, and over the past year, it shrunk by -4.95%%.
Data on historical trading for Interpublic Group Of Cos., Inc (NYSE:IPG) indicates that the trading volumes over the past 10 days have averaged 9.2 and over the past 3 months, they’ve averaged 5.15 million. According to company’s latest data on outstanding shares, there are 376.37 million shares outstanding.
Nearly 0.38% of Interpublic Group Of Cos., Inc’s shares belong to company insiders and institutional investors own 105.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.1 million shares as on 2024-11-29, resulting in a short ratio of 6.18. According to the data, the short interest in Interpublic Group Of Cos., Inc (IPG) stood at 1019.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 26.16 million. The stock has fallen by -8.76% 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.
