Titan Machinery Inc (NASDAQ:TITN) price on current trading day, rose 12.02% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $16.50.
A look at the stock’s price movement, the level at last check in today’s session was $14.73, moving within a range at $12.5 and $16.855. The beta value (5-Year monthly) was 1.288 while the PE ratio in trailing twelve months stood at 12.41. Turning to its 52-week performance, $27.12 and $12.30 were the 52-week high and 52-week low respectively. Overall, TITN moved -13.93% over the past month.
Titan Machinery Inc’s market cap currently stands at around $381.57 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-25.
Analysts have a consensus estimate of 524.43M for the company’s revenue for the quarter, with a low and high estimate of 461.5M and 578.8M respectively. The average forecast suggests down to a -16.58% 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 2.41B, representing a -10.71% 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 TITN is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy 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 2 analyst(s) rate the stock as a Hold, 2 recommend TITN 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.
TITN’s current price about 5.73% and -0.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.84, while 7-day volatility ratio is 5.37% and 5.84% in the 30-day chart. Further, Titan Machinery Inc (TITN) has a beta value of 1.34, and an average true range (ATR) of 1.10. Analysts have given the company’s stock an average 52-week price target of $25, forecast between a low of $25 and high of $25. Looking at the price targets, the low is -51.52% off recent price level in today’s trading while to achieve the yearly target high, it has to move -51.52%. Nonetheless, investors will most likely welcome a -51.52% jump to $25 which is the analysts’ median price.
If we refocus on Titan Machinery Inc (NASDAQ:TITN), historical trading data shows that trading volumes averaged 0.23 over the past 10 days and 279.87K over the past 3 months. The company’s latest data on shares outstanding shows there are 23.13 million shares.
The 10.76% of Titan Machinery Inc’s shares are in the hands of company insiders while institutional holders own 87.51% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.11 million on 2025-02-28, giving us a short ratio of 2.98. The data shows that as of 2025-02-28 short interest in Titan Machinery Inc (TITN) stood at 537.0 of shares outstanding, with shares short falling to 1.24 million registered in 2025-01-31. Current price change has pushed the stock 16.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TITN stock continues to rise going into the next quarter.
