Triumph Group, Inc. (NYSE:TGI) concluded the trading on Thursday, Nov 19, with a rise of 3.71% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $11.06 and 5Y monthly beta was reading 2.72 with its price kept floating in the range of $10.75 and $11.48 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that TGI hit a high price of $29.38 and saw its price falling to a low level of $3.02 during that period. Over a period of past 1-month, stock came adding 60.42% in its value.
With its current market valuation of $551.59 Million, Triumph Group, Inc. is set to declare its quarterly results on Feb 04, 2021- Feb 08, 2021. TGI Stock’s Forward Dividend of 0 and its yield of 0 are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of -$0.1 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to -$0.39 for 2020 with estimates of that growing to $0.32 in next year. These estimates are suggesting current year growth of -1.14% for EPS and -1.82% growth next year.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with 6 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review TGI stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 50% Buy. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 11 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 6 of them are recommending Triumph Group, Inc. (TGI) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is 1, whereas 3 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the TGI stock which is currently positioned at 0. It further provides that stock’s current price level is 38.01% away from its 20-day simple moving average and is 51.12% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 72.52 while volatility remained at 1018% over the past week which changes to 7.89% when measuring it over the past month. Beta is valued at 2.72, while measure of average true range or ATR is currently at 0.78. In predicting price targets of as low as $2 and as high as $14, analysts are in agreement on assigning the stock over the next 12 months average price target of $7.86. Stock’s current price level is -82.56% above from estimated low price target while it is 22.06% below the estimated high; and even if the TGI’s share succeeded to reach the median price of $8, then the outlook of -30.25% could come to the excitement of the investors.
In comparing Triumph Group, Inc. (TGI)’s stock with other industry players reveals that stock’s latest price change of +3.71% and that of -59.6% over the past 12 months is in competing position with that of Raytheon Technologies Corp (RTX) which saw its stock price raised by 2.3% in the recent trading and went through a decline of -17.79% in past 12-month trading. Industry’s another major player Transdigm Group Inc (TDG) has jumped 0.47% up in latest trading session, but over the past year has faced a rise of 8.63%, while Heico Corp (HEI) is also up 3.71% however its price remained floating in the red at -59.6% over the same period. Triumph Group, Inc. has a P/E ratio of 0 against that of Raytheon Technologies Corp’s 0 while Transdigm Group Inc is showing 72.61 for the same. On the other hand, the S&P 500 Index was up 0.39% in the early deals while the Dow Jones Industrial was dealing higher at 0.15%.
Having a second look at Triumph Group, Inc. (NYSE:TGI) provides that stock’s average daily trading volume for 3 months was 2.01 Million, while it jumped to 2.25 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 52.11 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 1.65% while it is 90.36% for the institutional holders. The figures also indicate that as of October 29, 2020, number of stock’s short shares was 4880000 which implies a short ratio of 2.96. This shows up a 9.37% of Short Interest in company’s outstanding shares on the day. In October the standing of shares short declined as it was 4.9 Million in the previous month. Drop of -54.61% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ worries about the stock as it is hinting a further drop.