Icahn Enterprises L.P. (NASDAQ:IEP) currently has a daily average trading volume of 2.13M but it saw 17735650 shares traded on Thursday. With a market cap of 8.20B USD, stock’s current market price of $20.63 came falling about -13.83 while comparing to the previous closing price of $23.94. In past 52 weeks, the stock remained buoying in the range of price level as high as $55.16 and as low as $23.50. In the recent trading on the day, stock has struck highest price mark of $22.00 while lowest mark touched by it was $18.03.
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Taking a look at 20-day trading activity of Icahn Enterprises L.P. (IEP) gives us an average price of $34.35, while its current price level is -62.60% below from 52-week high level whereas it is -12.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $44.72 while that of 200 days or SMA-200 reads an average of $50.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.62% during that period while stretching the period over a month that decreases to 11.30%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 20.78 which implies that the stock is in oversold territory.
Icahn Enterprises L.P. (IEP)’s stock is currently under the radar of 1 analysts who are in consensus at a 12-month price target range of between $43.00 and $43.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $43.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $43.00. Average price target assigned by them is $43.00 which highlights an upside potential of 52.02% for the stock over that period. And to attain the median price target of $43.00 assigned by those analysts, stock has to add about 52.02% of value to its current levels.
Data by FactSet Research shows that 1 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Strong Buy.
Over the week, IEP’s stock price is moving -40.55% down while it is -59.57% when we observe its performance for the past one month. Year-to-date it is -59.27% down and over the past year, the stock is showing a downside performance of -59.80%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.75 beaten by the consensus estimate of $0.19 for the same. The company is expected to be releasing its next quarterly report in 08/04/2023, for which analysts forecasted an EPS of $0.25 while estimate for next year EPS is $0.1. For IEP, analysts are forecasting an EPS-growth rate of 124.40% for current year and estimate for EPS growth in next year is 1,040.00%. In next quarter, company is expected to be making quarterly sales of $2.66 billion as analysts are expecting the sales for current fiscal year at $10.77 billion and seeing the company making $10.77 billion in sales next year. Moreover, analysts are in estimates of $2.66 billion for current-quarter revenue.
Currently, Icahn Enterprises L.P.’s total number of outstanding shares is 354.00M with 0.16% of that held by the insiders while 89.71% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.70% and return on equity (ROE) at -16.90%. It has a 18.10 of forward P/E ratio. Stock’s beta reads 0.76. Stock has a price to book (P/B) ratio of 1.89 while price to sale or P/S ratio amounts to 0.66. Its return on asset (ROA) is -2.80% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Global X SuperDividend US ETF came shrinking its share ownership by 0.06% in the Icahn Enterprises L.P. (IEP) increasing its stake to 0.07% with control over 138.0 shares in the company. As per SEC documents, Global X SuperDividend US ETF shunned 250,580 of company’s common stock of worth $12.73 million as per recent closing price of the stock. Global X SuperDividend US ETF is not the only institutional holder which restructured its stake in Icahn Enterprises L.P., as Kinetics Paradigm Portfolio dumped 230,650 shares of worth $11.71 million to bring its holdings to a total of 500.0 shares.
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