IAA Inc. (NYSE:IAA) saw an upside of 5.90% to close Monday at $43.05 after adding $2.4 on the day. The 5-day average trading volume is 3,592,680 shares of the company’s common stock. It has gained $43.88 in the past week and touched a new high 3 times within the past 5 days. An average of 1,880,775 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,810,970.
IAA’s 1-month performance is 14.68% or $4.36 on its low of $38.51 reached on 12/27/22. The company’s shares have touched a 52-week low of $31.32 and high of $47.36, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, IAA has achieved 7.62% or $3.05 and has reached a new high 4 times. However, the current price is down -9.10% from the 52-week high price.
IAA stock has a beta of 1.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.66 while the price-to-book (PB) in the most recent quarter is 12.41, with the price to cash flow ratio at 37.32.
IAA Inc.’s quick ratio for the period ended September 29 was 1.70, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 2.37, while the total debt to equity was 2.44. In terms of profitability, the gross margin trailing 12 months is 34.50%. The firm’s gross profit as reported stood at $724.7 million against revenue of $1.84 billion.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -30.62% to $50.3 million, while revenue of $82.7 million was -64.41% off the previous quarter. Analysts expected IAA to announce $0.5 per share in earnings in its latest quarter, but it posted $0.45, representing a -10.00% surprise. EBITDA for the quarter stood at more than $109.9 million. IAA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 2.72 billion, with total debt at $2.32 billion. Shareholders hold equity totaling $133.76 million.
Let’s look briefly at IAA Inc. (IAA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 80.05% to suggest the stock is trending Overbought, with historical volatility in this time period at 27.51%.
The stock’s 5-day moving average is $40.78, reflecting a +8.08% or $3.22 change from its current price. IAA is currently trading +12.17% above its 20-day SMA, +17.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +12.87% and SMA200 by+12.52%.
Stochastic %K and %D was 82.39% and 76.27% and the average true range (ATR) pointed at 1.08. The RSI (14) points at 72.96%, while the 14-day stochastic is at 83.95% with the period’s ATR at 1.02. The stock’s 9-day MACD Oscillator is pointing at 1.06 and 1.32 on the 14-day charts.
In the most recent analyst report for IAA Inc. (NYSE: IAA), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock.