On Track to Positively Surprise: IAC/InterActiveCorp (IAC)

IAC/InterActiveCorp’s stock (NASDAQ:IAC) has been rated as Buy by Citigroup. This latest rating was contained in a recent research note published by the firm on September 17, 2019 and has set a $290 price target for the stock. Some experts on Wall Street have also posted a report on IAC/InterActiveCorp (IAC) stock.

Guggenheim rated the stock as a Buy in a research noted published on August 09, 2019. JMP Securities rated the stock as a Mkt Perform in a research note published on May 13, 2019.

As it stands, a total of 20 analysts are covering IAC stock, with 18 of them rating it as a Buy while 0 of them rating it as Overweight. 2 analysts meanwhile advised investors to Hold, 0 rated it as Underweight while the 0 rated it as a Sell. A look at the overall ratings means that IAC/InterActiveCorp (IAC) stock has an average rating of Buy.

IAC/InterActiveCorp (IAC) which is currently valued at 18.42 billion, with the company publishing its last earnings report on 11/06/2019, for the recent quarter of 2019. In that quarter, the company recorded a revenue of 1.0 billion, which was higher than the forecast of 1.0 billion made by some analysts. For that same quarter, IAC/InterActiveCorp (IAC) posted $1.49 earnings per share (EPS) which was above the analyst consensus estimate of $0.93 by $0.56, which represents an increase by 60.20%.

The stock market has a tendency to become sophisticated sometimes, even for seasoned investors and traders. Even when a trader got what he/she had expected, the market sometimes decides to move in the opposite direction. This volatility sometimes leads to some traders doubting and second-guessing their moves. This is why getting to know historical price performance, as well as both long-term and short-term trends, is very important. Over the past one week, IAC price has dropped by -2.86%. A look at its price performance over the past three months sees the stock go down by -13.25%, while it has lost -3.19% over the past six months and 12.01% since the start of the year.

Let us now look at some of its likely support and resistance level. Recent research on IAC/InterActiveCorp (IAC) has seen its stock trading -16.04% below its three-month high price. A look at the other side also sees stock trading +9.00% above its three-month low. A wider look sees IAC trading -16.04% below its 52-week high and 39.45% above from its 52-week low price.

Shareholders of the company sometimes like to find out how their investments are growing. IAC/InterActiveCorp (IAC) has so far given an ROE of 19.30%. When the ROE is low, it means that the company isn’t generating enough profits. The Return on Assets (ROA) ratio meanwhile is an indication of how profitable a company is relative to the total asset it owns. IAC/InterActiveCorp (IAC)’s ROA at the moment stands at 7.50%. Any company that is managing its assets better will have a higher return while one that manages assets poorly would result in low returns.

IAC/InterActiveCorp (IAC) has a return on investment (ROI) of 13.20%. The higher the ROI percentage, the higher the profit exceeds the costs, thus analysts consider such investments as an overall gain. A negative ROI, however, means that the cost is higher than the profits, a scenario analysts consider as a net loss.

Let us now take a look at IAC/InterActiveCorp (IAC)’s trading volatility. Its 7-day volatility is around 4.07%, while it has a monthly volatility of 2.91%. IAC has an ATR (Average True Range) of 7.44 and a beta factor of 0.90. The volatility of a stock is an indication of the stock’s drop or gain in case the wider market drops or surges. A beta score higher than 1 means that a stock is highly volatile while below 1 means that the volatility of a stock is low.

The price of IAC lifted by $8.15 during the normal trading session on Thursday to trade at $220.74. The IAC/InterActiveCorp (IAC) stock has a trading volume of 1.0 million shares, which is high, compared to its average daily volume of 916.64K shares.