As of Friday close, Icahn Enterprises L.P.’s (NASDAQ:IEP) stock was down -$7.59, moving down -23.23 percent to $25.09. The average number of shares traded per day over the past five days has been 2,780,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.58 fall in that time frame. In the last twenty days, the average volume was 1,764,975, while in the previous 50 days, it was 2,242,458.
Since last month, IEP stock retreated -13.85%. Shares of the company fell to $20.54 on 08/04/23, 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 $18.03. Since the beginning of this year, IEP’s stock price has dropped by -50.46% or -$25.56, and marked a new high 14 times. However, the stock has declined by -54.51% since its 52-week high.
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Valuation Metrics
The stock’s beta is 0.84. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 2.30.
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 -9.00%. 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 132.92%, the RSI 9-day stood at 21.79% on 04 August.
With respect to its five-day moving average, the current Icahn Enterprises L.P. price is down by -25.48% percent or -$8.58. At present, IEP shares trade -13.06% below its 20-day simple moving average and -50.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.23% below its SMA50 and -52.45% below its SMA200.
Stochastic coefficient K was 53.95% and Stochastic coefficient D was 68.55%, while ATR was 2.47. Given the Stochastic reading of 32.20% for the 14-day period, the RSI (14) reading has been calculated as 30.35%. As of today, the MACD Oscillator reading stands at -2.08, while the 14-day reading stands at -1.77.
Analyst Ratings
UBS reiterated its a Sell rating on Icahn Enterprises L.P. (NASDAQ: IEP) in a note to investors. The analysts firm has however raised their price target to $40, representing a possible 16.37% increase in the stock price. 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.
