Icahn Enterprises L.P. (IEP) Is A Stock You Should Watch


As of Thursday close, Icahn Enterprises L.P.’s (NASDAQ:IEP) stock was down -$3.31, moving down -13.83 percent to $20.63. The average number of shares traded per day over the past five days has been 7,141,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$14.07 fall in that time frame. In the last twenty days, the average volume was 6,255,615, while in the previous 50 days, it was 2,758,754.

Since last month, IEP stock retreated -59.57%. Shares of the company fell to $18.03 on 05/25/23, the lowest level in the past month. A 52-week high of $55.16 was reached on 02/17/23 after having rallying from a 52-week low of $23.50. Since the beginning of this year, IEP’s stock price has dropped by -59.27% or -$30.02, and marked a new high 14 times. However, the stock has declined by -62.60% since its 52-week high.

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Valuation Metrics

The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.66, the price-to-book (PB) ratio of 1.89.

The latest dividend of $2.00 per share was paid out, remained unchanged from last year’s $2.00. On Friday March 1 2019, a $0.25 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.84, and the total debt-to-equity ratio was 1.84. On the profitability front, the trailing twelve-month gross margin is 7.90% percent. In the year ended March 30, EBITDA margin amounted to 10.12%, whereas operating margins totaled -7.20%. Based on annual data, IEP earned $579.0 million in gross profit and brought in $14.1 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.70%. Return on equity (ROE) for the past 12 months was -16.90%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IEP’s revenue rose 23.0% to $3.5 billion during the quarter, while net income inched up to $7.95 billion. While analysts expected Icahn Enterprises L.P. to report $0.19 quarterly earnings, the actual figure was -$0.75 per share, beating the consensus estimate by -494.70%. During the quarter, the company generated $116.0 million in EBITDA. The value of shareholders’ equity is $369.2 million.

Technical Picture

This quick technical analysis looks at Icahn Enterprises L.P.’s (IEP) price momentum. With a historical volatility rate of 81.27%, the RSI 9-day stood at 17.10% on 25 May.

With respect to its five-day moving average, the current Icahn Enterprises L.P. price is down by -40.55% percent or -$14.07. At present, IEP shares trade -59.39% below its 20-day simple moving average and -59.27% percent below its 100-day simple moving average. However, the stock is currently trading approximately -59.03% below its SMA50 and -61.71% below its SMA200.

Stochastic coefficient K was 7.41% and Stochastic coefficient D was 8.69%, while ATR was 3.49. Given the Stochastic reading of 12.14% for the 14-day period, the RSI (14) reading has been calculated as 20.78%. As of today, the MACD Oscillator reading stands at -6.02, while the 14-day reading stands at -7.69.

Analyst Ratings

Icahn Enterprises L.P. (IEP) has been rated Buy by analysts. According to 0 brokerage firms, IEP is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Icahn Enterprises L.P. stock as buy, with 1 recommending it as overweight.

With a median target price of $43.00, the current consensus forecast for the stock is $43.00 – $43.00. Based on these forecasts, analysts predict Icahn Enterprises L.P. (IEP) will achieve an average price target of $43.00.


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