(IEP) Icahn Enterprises - Ratings and Ratios

Icahn Enterprises LP is a diversified conglomerate with a multifaceted business model, operating across various sectors including investment management, energy production, automotive parts and services, food packaging, real estate development, home fashion manufacturing, and pharmaceuticals. The companys investment segment manages proprietary capital through private investment funds and offers advisory services, while its energy segment is involved in refining petroleum products and producing renewable fuels and nitrogen fertilizers.

The companys diverse portfolio includes automotive repair services, production of casings for meat packaging, and development of investment properties, including retail, office, and industrial spaces, as well as single-family homes. Additionally, Icahn Enterprises has a presence in the home fashion market through manufacturing and distribution of consumer products, and its pharma segment focuses on developing and marketing pharmaceutical products.

From a technical analysis perspective, the stocks current price is $8.44, below its 20-day moving average of $8.61, indicating a potential short-term bearish trend. However, it is above its 50-day moving average of $8.35, suggesting a longer-term bullish outlook. The stocks 200-day moving average is $9.62, indicating a significant long-term downtrend. The Average True Range (ATR) of 0.32, or 3.76%, suggests moderate volatility.

Using both technical and fundamental data, a forecast for Icahn Enterprises LP can be derived. Given the companys negative Return on Equity (RoE) of -24.44% and lack of a traditional Price-to-Earnings (P/E) ratio, the forward P/E of 28.82 may indicate a potential for recovery or growth. With a market capitalization of $4.614 billion, the companys size and diversified business model may provide stability. Considering the technical indicators, a potential trading range between $7.41 (52-week low) and $14.48 (52-week high) is possible. A breakout above the 200-day moving average of $9.62 could signal a long-term reversal, while a drop below $7.41 could indicate further downside. Therefore, a cautious approach is warranted, with a potential buy signal if the stock price sustains above $9.00, targeting a resistance level around $10.50.