Why IAC/InterActiveCorp (NASDAQ:IACI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $77.24 on IAC/InterActiveCorp (NASDAQ:IACI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.23 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of IAC/InterActiveCorp (NASDAQ:IACI) stands at N/A.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For ** SEE, the PEG ratio for coming 3-5 years is 0.00.

Technical Analysis

The technical analysis highlights that ** SEE current is trading $-8.30 points away or -14.07% from its 50-day moving average of $58.98. Further it is trading $-17.51 or -25.68% away its 200-day moving average of $68.19.

The 52-week high of IAC/InterActiveCorp (NASDAQ:IACI) was $84.66 while lowest point recorded in 52-week was $48.75. It implies if stock price makes a movement of over $-33.98, it will record a new 52-week high. In the case of +3.96% drop, it will touch a new 52-week low.

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