International Game Technology PLC (NYSE:IGT) shares, rose in value on Friday, December 13, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $18.70.
Actively observing the price movement in the last trading, the stock closed the session at $18.79, falling within a range of $18.69 and $18.9. The value of beta (5-year monthly) was 1.974 whereas the PE ratio was 30.88 over 12-month period. Referring to stock’s 52-week performance, its high was $28.82, and the low was $18.56. On the whole, IGT has fluctuated by -10.53% over the past month.
With the market capitalization of International Game Technology PLC currently standing at about $3.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 4.28%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.52B, with a low estimate of 652.04M and a high estimate of 666.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 660.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IGT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 75% Sell.
The stock’s technical analysis shows that the PEG ratio is about 30.88, with the price of IGT currently trading nearly -3.09% and -7.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.94, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 2.54%. Furthermore, International Game Technology PLC (IGT)’s beta value is 1.93, and its average true range (ATR) is 0.46.
A comparison of International Game Technology PLC (IGT) with its peers suggests the former has fared considerably weaker in the market. IGT showed an intraday change of -0.48% in last session, and over the past year, it shrunk by -31.55%%.
Data on historical trading for International Game Technology PLC (NYSE:IGT) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 898.03K. According to company’s latest data on outstanding shares, there are 202.00 million shares outstanding.
Nearly 45.55% of International Game Technology PLC’s shares belong to company insiders and institutional investors own 45.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.94 million shares as on 2024-11-29, resulting in a short ratio of 1.9. According to the data, the short interest in International Game Technology PLC (IGT) stood at 170.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.81 million. The stock has fallen by -31.78% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IGT stock heading into the next quarter.
