Titan International, Inc (NYSE:TWI) price on Friday, January 17, rose 1.48% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.52.
A look at the stock’s price movement, the close in the last trading session was $7.41, moving within a range at $7.34 and $7.57. The beta value (5-Year monthly) was 1.829. Turning to its 52-week performance, $15.33 and $6.34 were the 52-week high and 52-week low respectively. Overall, TWI moved -2.21% over the past month.
Titan International, Inc’s market cap currently stands at around $474.81 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 394.37M for the company’s revenue for the quarter, with a low and high estimate of 385.6M and 399.52M respectively. The average forecast suggests up to a 1.07% 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 1.86B, representing a 1.90% jump 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 TWI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
1 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, 1 recommend TWI 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.
TWI’s current price about 8.15% and 4.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.66, while 7-day volatility ratio is 4.30% and 4.88% in the 30-day chart. Further, Titan International, Inc (TWI) has a beta value of 1.80, and an average true range (ATR) of 0.38.
If we refocus on Titan International, Inc (NYSE:TWI), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 791.70K over the past 3 months. The company’s latest data on shares outstanding shows there are 71.18 million shares.
The 23.93% of Titan International, Inc’s shares are in the hands of company insiders while institutional holders own 73.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.42 million on 2024-12-31, giving us a short ratio of 2.98. The data shows that as of 2024-12-31 short interest in Titan International, Inc (TWI) stood at 1110.99996 of shares outstanding, with shares short falling to 4.13 million registered in 2024-11-29. Current price change has pushed the stock 10.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TWI stock continues to rise going into the next quarter.
