IAC Inc (NASDAQ:IAC) price on Friday, January 17, fall -1.28% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $42.30.
A look at the stock’s price movement, the close in the last trading session was $42.85, moving within a range at $42.13 and $43.7. The beta value (5-Year monthly) was 1.358. Turning to its 52-week performance, $58.29 and $39.61 were the 52-week high and 52-week low respectively. Overall, IAC moved -5.52% over the past month.
IAC Inc’s market cap currently stands at around $3.65 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 934.31M for the company’s revenue for the quarter, with a low and high estimate of 925.1M and 947.16M respectively. The average forecast suggests down to a -11.69% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.75B, representing a -14.04% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IAC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
13 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 12 recommend IAC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IAC’s current price about -0.44% and -7.91% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.13, while 7-day volatility ratio is 3.75% and 3.23% in the 30-day chart. Further, IAC Inc (IAC) has a beta value of 1.50, and an average true range (ATR) of 1.39. Analysts have given the company’s stock an average 52-week price target of $66, forecast between a low of $60 and high of $80. Looking at the price targets, the low is -41.84% off current price level while to achieve the yearly target high, price needs to move -89.13%. Nonetheless, investors will most likely welcome a -56.03% jump to $66 which is the analysts’ median price.
If we refocus on IAC Inc (NASDAQ:IAC), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 716.44K over the past 3 months. The company’s latest data on shares outstanding shows there are 80.47 million shares.
The 12.57% of IAC Inc’s shares are in the hands of company insiders while institutional holders own 87.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.18 million on 2024-12-31, giving us a short ratio of 2.86. The data shows that as of 2024-12-31 short interest in IAC Inc (IAC) stood at 283.99998 of shares outstanding, with shares short rising to 2.09 million registered in 2024-11-29. Current price change has pushed the stock -1.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IAC stock continues to rise going into the next quarter.
