IAC/InterActiveCorp (NASDAQ:IAC) went up by 2.87% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Internet Content & Information giant went up by $288.16 to trade ended Tuesday trading at $280.12. This is up from the $280.12 price recorded on Monday’s trading session. Thanks to this latest performance, IAC is closer to the higher price 52-week target of $330.00 and further from the lowest price target of $246.00. Its performance from the start of the year has also been positive, with IAC up by 15.68% year-to-date.
IAC/InterActiveCorp (IAC) started the day trading at $286.48 and recorded an intraday high of $293.3. It also recorded an intraday low of $283.6014 during Tuesday’s trading session. IAC/InterActiveCorp is a very active stock that recorded a trading volume that is more than 5.22% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 1202809, which is more than 5.22 of the total average daily trading volume of 1.14 million.
IAC/InterActiveCorp (NASDAQ:IAC) 2020 Performance Impressive
The increase in IAC’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of IAC currently stands at $287.95, which is lower than the current trading price of the stock by -0.07%. However, IAC’s current trading price is -131.27% lower than the 52-week low price of $124.60. In terms of trading volume, IAC/InterActiveCorp currently experienced healthy participation during the last trading session. 1202809 shares of IAC/InterActiveCorp were traded on the stock exchange on Tuesday, which is more than 5.22% of the 1.14 million average trading volume of the stock.
The performance of the stock has been positive over the past year. IAC’s performance over the past one year has seen it surge by 25.71%, while the stock has gone up by 28.28% in the last six months. The quarterly performance of IAC currently stands at 84.02%, and it is up by 20.10% in the last month. The only positive figure was from the weekly performance, which currently reads 2.30%. At the time of writing IAC’s report, the company has a total market cap of $24.11B, making it one of the largest publicly-traded companies in the world.IAC/InterActiveCorp also has over 8700 employees all over the world.
IAC Insider Activities
For IAC/InterActiveCorp, insiders hold 98.50% of all company shares. The insider transactions over the past six months are up by 8.20%. During that period, insiders bought 81,839 shares in 20 transactions. In that same period, insiders sold 53,483 of their shares in 20 transactions. After these transactions, insiders at IAC/InterActiveCorp now hold 1.05M shares, which is over 97.65% of the total company stocks. Institutional investors currently hold a large chunk of the IAC shares, as they control 1.23% of the company’s total stock.
IAC Fundamental Analysis
For IAC/InterActiveCorp, the stock’s diluted earnings per share (EPS) stands at 1.21. In the coming year, analysts expect the EPS to be 4.92. The EPS growth will up over the next five years to 37.69% after surging by 12.00% in the previous five years. In terms of revenue, IAC/InterActiveCorp’s quarterly sales (YOY) is shrinking at -0.09, which is lower than the average annual revenue of 12.00% over the past half a decade.
The Return on Investment (ROI) on IAC/InterActiveCorp’s stock currently stands at 10.50%, and it has a net profit margin of 2.70%. The operating margin of the company is 5.40%, and its gross margin is 75.70%.
IAC Analysts Prediction
Another analyst that has a Neutral rating for IAC is JP Morgan, which set a price target of between $300 and $245.
Aegis Capital and SunTrust also believe that IAC/InterActiveCorp’s stock is outperforming at the moment. IAC received a positive rating from Aegis Capital, which set a price target of $250-$300 for the stock.
At the moment, IAC/InterActiveCorp’s Total Debt to Equity ratio stands at 1.50, and they have a long-term Debt to Equity ratio of 1.50.
IAC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of IAC currently stands at 5.94%, while the SMA50 is 20.13%. The biggest one is the SMA200, which is currently reading 26.20% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 68.08, while its price to earnings ratio (P/E) is 238.35.