As of Wednesday close, Icahn Enterprises L.P.’s (NASDAQ:IEP) stock was down -$0.59, moving down -2.49 percent to $23.15. The average number of shares traded per day over the past five days has been 1,145,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.60 fall in that time frame. In the last twenty days, the average volume was 1,594,560, while in the previous 50 days, it was 1,590,228.
Since last month, IEP stock retreated -27.88%. 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 -54.29% or -$27.50, and marked a new high 14 times. However, the stock has declined by -58.03% since its 52-week high.
Valuation Metrics
The stock’s beta is 0.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 2.05, and the price-to-cash flow ratio of 102.92 may also be considered.
The latest dividend of $1.00 per share was paid out, which is -50.0% less than last year’s $2.00. On Wednesday August 2 2023, a $1.00 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.70, and the total debt-to-equity ratio was 1.70. On the profitability front, the trailing twelve-month gross margin is 6.00% percent. In the recent year, EBITDA margin amounted to 10.12%, whereas operating margins totaled -12.30%. 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 -20.70%.
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 fell -4.17% to $7.95 billion during the quarter, while net income inched up to $2.54 billion. During the quarter, the company generated -$16.0 million in EBITDA. The value of shareholders’ equity is $393.46 million.
Technical Picture
This quick technical analysis looks at Icahn Enterprises L.P.’s (IEP) price momentum. With a historical volatility rate of 129.66%, the RSI 9-day stood at 23.82% on 16 August.
With respect to its five-day moving average, the current Icahn Enterprises L.P. price is down by -2.53% percent or -$0.60. At present, IEP shares trade -26.23% below its 20-day simple moving average and -54.19% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.05% above its SMA50 and -57.52% below its SMA200.
Stochastic coefficient K was 22.25% and Stochastic coefficient D was 25.68%, while ATR was 1.62. Given the Stochastic reading of 18.47% for the 14-day period, the RSI (14) reading has been calculated as 29.75%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at -3.79.
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 22.83% 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 $27.00, the current consensus forecast for the stock is $27.00 – $27.00. Based on these forecasts, analysts predict Icahn Enterprises L.P. (IEP) will achieve an average price target of $27.00.
