International Game Technology PLC (NYSE:IGT) price on Friday, January 17, fall -0.23% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.17.
A look at the stock’s price movement, the close in the last trading session was $17.21, moving within a range at $17.1 and $17.43. The beta value (5-Year monthly) was 1.974 while the PE ratio in trailing twelve months stood at 28.36. Turning to its 52-week performance, $27.27 and $16.83 were the 52-week high and 52-week low respectively. Overall, IGT moved -4.40% over the past month.
International Game Technology PLC’s market cap currently stands at around $3.47 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 4.66%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 659.09M for the company’s revenue for the quarter, with a low and high estimate of 652.04M and 666.3M respectively. The average forecast suggests down to a -41.67% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.52B, representing a -41.49% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IGT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend IGT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IGT’s current price about -1.06% and -8.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.22, while 7-day volatility ratio is 2.42% and 2.46% in the 30-day chart. Further, International Game Technology PLC (IGT) has a beta value of 1.92, and an average true range (ATR) of 0.44. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $20 and high of $20. Looking at the price targets, the low is -16.48% off current price level while to achieve the yearly target high, price needs to move -16.48%. Nonetheless, investors will most likely welcome a -16.48% jump to $20 which is the analysts’ median price.
If we refocus on International Game Technology PLC (NYSE:IGT), historical trading data shows that trading volumes averaged 1.12 over the past 10 days and 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 202.00 million shares.
The 45.55% of International Game Technology PLC’s shares are in the hands of company insiders while institutional holders own 45.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.36 million on 2024-12-31, giving us a short ratio of 3.17. The data shows that as of 2024-12-31 short interest in International Game Technology PLC (IGT) stood at 294.0 of shares outstanding, with shares short rising to 1.94 million registered in 2024-11-29. Current price change has pushed the stock -2.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IGT stock continues to rise going into the next quarter.
