IAA Inc. [NYSE: IAA] loss -2.73% or -1.21 points to close at $43.13 with a heavy trading volume of 1026328 shares. It opened the trading session at $44.61, the shares rose to $45.01 and dropped to $43.06, the range by which the price of stock traded the whole day. The daily chart for IAA points out that the company has recorded -6.14% loss over the past six months. However, it is still -97.93% lower than its most recent low trading price.
If we look at the average trading volume of 2.06M shares, IAA reached to a volume of 1026328 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about IAA Inc. [IAA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IAA shares is $46.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IAA stock is a recommendation set at 1.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northcoast have made an estimate for IAA Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 04, 2019. The new note on the price target was released on August 14, 2019, representing the official price target for IAA Inc. stock. Previously, the target price had yet another raise to $55, while Jefferies analysts kept a Buy rating on IAA stock.
The Average True Range (ATR) for IAA Inc. is set at 1.86, with the Price to Sales ratio for IAA stock in the period of the last 12 months amounting to 3.99. Price to Free Cash Flow for IAA in the course of the last twelve months was 20.91 with Quick ratio for the last quarter at 2.20.
Trading performance analysis for IAA stock
IAA Inc. [IAA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, IAA shares gained by 19.64% in over the last four-week period, additionally sinking by -6.14% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IAA stock in for the last two-week period is set at 61.65, with the RSI for the last a single of trading hit 59.01, and the three-weeks RSI is set at 58.90 for IAA Inc. [IAA]. The present Moving Average for the last 50 days of trading for this stock 36.26, while it was recorded at 44.32 for the last single week of trading, and 41.46 for the last 200 days.
IAA Inc. [IAA]: A deeper dive into fundamental analysis
IAA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.20 and a Current Ratio set at 2.20.
IAA Inc. [IAA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, IAA Inc. posted 0.44/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IAA.
An analysis of insider ownership at IAA Inc. [IAA]
There are presently around $6,273 million, in the hands of institutional investors. The top three institutional holders of IAA stocks are: VANGUARD GROUP INC with ownership of 12,650,150, which is approximately 2.502% of the company’s market cap and around 0.20% of the total institutional ownership; THIRD POINT LLC, holding 6,500,000 shares of the stock with an approximate value of $288.21 million in IAA stocks shares; and BLACKROCK INC., currently with $255.28 million in IAA stock with ownership of nearly -1.714% of the company’s market capitalization.
155 institutional holders increased their position in IAA Inc. [NYSE:IAA] by around 21,042,432 shares. Additionally, 205 investors decreased positions by around 19,243,228 shares, while 48 investors held positions by with 101,187,025 shares. The mentioned changes placed institutional holdings at 141,472,685 shares, according to the latest SEC report filing. IAA stock had 33 new institutional investments in for a total of 3,113,689 shares, while 80 institutional investors sold positions of 5,332,370 shares during the same period.