IAC/InterActiveCorp (NASDAQ:IAC) traded with an addition of $2.14 to close at $44.10 on Thursday, an upside of 5.10 percent. An average of 823,813 shares of common stock have been traded in the last five days. There was a gain of $0.49 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,161,678 shares traded, while the 50-day average volume stands at 1,274,003.
IAC stock has decreased by -12.64% in the last month. The company shares reached their 1-month lowest point of $41.52 on 12/27/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $41.52 and a high of $140.77 in 52 weeks. It has reached a new high 3 times so far this year and lost -67.90% or -$86.65 in price. In spite of this, the price is down -68.67% from the 52-week high.
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IAC/InterActiveCorp (IAC) stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.73, the price-to-book (PB) ratio at 0.61.
The quick ratio of IAC/InterActiveCorp for the three months ended September 29 was 2.30, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.34 and a total debt to equity ratio of 0.35 for the quarter ending September 29. Its gross profit as reported stood at $2.39 billion compared to revenue of $3.7 billion.
For the three-month period that ended September 29, IAC/InterActiveCorp had $16.34 million in cash and short-term investments compared to $2.03 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$63.82 million in the quarter, while revenues of -$869.13 million were grew 195.1%. The analyst consensus anticipated IAC/InterActiveCorp’s latest quarter earnings to come in at -$0.52 per share, but it turned out to be -$0.74, a -42.30% surprise. For the quarter, EBITDA amounted to $23.66 million. Shareholders own equity worth $88.86 million.
From a technical analysis perspective, let’s take a brief look at IAC/InterActiveCorp (IAC) price momentum. RSI 9-day as of the close on 28 December was 44.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.92%.
As of today, IAC’s price is $42.80 +1.12% or $0.49 from its 5-day moving average. IAC is currently trading -15.09% lower than its 20-day SMA and -43.64% lower than its 100-day SMA. However, the stock’s current price level is -12.75% below the SMA50 and -54.95% below the SMA200.
The stochastic %K and %D were 13.99% and 11.36%, respectively, and the average true range (ATR) was 1.87. With the 14-day stochastic at 27.69% and the average true range at 2.03, the RSI (14) stands at 43.13%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -1.84.
Citigroup launched coverage on IAC/InterActiveCorp (NASDAQ: IAC) in its analyst report released on December 13, 2022. The firm assigned the stock a Buy rating. The consensus rating for IAC/InterActiveCorp (IAC) among analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advise that investors sell IAC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.
What is IAC’s price target for the next 12 months?
Analysts predict a range of price targets between $46.00 and $130.00, with a median target of $72.50. Taking a look at these predictions, the average price target given by analysts for IAC/InterActiveCorp (IAC) stock is $79.93.