IAC Inc [IAC] stock prices are down -0.56% to $47.55 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IAC shares have gain 1.11% over the last week, with a monthly amount drifted -6.73%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
IAC Inc [NASDAQ: IAC] stock has seen the most recent analyst activity on July 09, 2024, when JMP Securities initiated its Mkt Outperform rating and assigned the stock a price target of $78. Previously, UBS upgraded its rating to Neutral on February 15, 2023, and elevated its price target to $54. On December 13, 2022, Citigroup initiated with a Buy rating and assigned a price target of $60 on the stock. UBS started tracking the stock assigning a Sell rating and suggested a price target of $46 on December 02, 2022. In a note dated October 07, 2021, The Benchmark Company reiterated an Buy rating on this stock and boosted its target price from $200 to $218.
The stock price of IAC Inc [IAC] has been fluctuating between $43.51 and $58.29 over the past year. Currently, Wall Street analysts expect the stock to reach $68 within the next 12 months. IAC Inc [NASDAQ: IAC] shares were valued at $47.55 at the most recent close of the market. An investor can expect a potential return of 43.01% based on the average IAC price forecast.
Analyzing the IAC fundamentals
The IAC Inc [NASDAQ:IAC] reported sales of 3.88B for trailing twelve months, representing a drop of -15.53%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is -0.0%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 47.20 points at the first support level, and at 46.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.22, and for the 2nd resistance point, it is at 48.89.
Ratios To Look Out For
It’s worth pointing out that IAC Inc [NASDAQ:IAC]’s Current Ratio is 2.75. As well, the Quick Ratio is 2.75, while the Cash Ratio is 1.97. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 0.71.
