The International Game Technology PLC (NYSE:IGT) is going up by 5.10% in today’s trading session, a rise equivalent to 0.67% of the stock’s price from yesterday’s market close. A news came out on 10/15/19 stating that IGT and Pearl River Resort Introduce VIP Sports Betting with Launch of CrystalBetting Terminal by WSJ. The lowest point that the shares touched during the trading session was $13.005, while the peak of the day was recorded at a share price of $13.67. IGT finished the previous session at $13.13 according to the data provided by Barchart, while the trading volume was observed to be $1754488.
In the 100 days of trading, IGT managed to top a 13.30% Moving average. Additionally, International Game Technology PLC shares have achieved a 52-week range between 11.32 and 19.32 alongside 100 days raw stochastic set at 70.08%.
The number of shares outstanding, according to the fundamentals of the company, is set at 208.64M, equal to the value of $2.74B in market capitalization. In the last 30 days, International Game Technology PLC shares went down by -6.59%, adding 14.79 to growth in value, on top of a +6.27% boost since 09/20/19.
International Game Technology PLC (NYSE:IGT) Analyst’s Estimates
International Game Technology PLC (IGT) could record at least $0.29 per share in quarterly earnings in the upcoming report on 11/13/2019, a number that would actually represent an increase of 1.42 YOY.
According to the average analyst rating, International Game Technology PLC would be rated as Buy. Out of 10 different analysts monitoring IGT stock, 9 analysts rate the stock as a BUY, 1 suggest to give the rating of HOLD, 0 indicate that IGT is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On March 20, 2019, the stock earned a Resumed rating due to a new analyst call from Credit Suisse, while analysts from SunTrust believe that the stock is set at Buy from Hold, as concluded on January 09, 2019. Susquehanna, is still rather wary about the stock, deciding to keep the rating at Positive as confirmed through a call on December 07, 2018.
Regardless of the rating, Societe Generale did increase their price to $20.50 as they are considering target share price analysis. Jefferies, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on February 20, 2018, giving the stock a Buy rating.
IGT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +39.12% has been attained, while the operating margin has been recorded at +16.20%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.15%. Beta value of the stock is recorded at 1.36. Additionally, International Game Technology PLC is recording price volatility of 5.88% for the period of the last seven days and 3.79% in the last 30 days.
International Game Technology PLC (NYSE:IGT) Technical Outlook
For the period of the last 50 days, International Game Technology PLC had its Raw Stochastic average set at 70.08% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 45.53%. Stochastic %K for International Game Technology PLC, with the last 20 days included, was set at 25.05%, having Stochastic %D topping 38.35%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for International Game Technology PLC stocks with recording -10.25% in metrics.
International Game Technology PLC Insider Watch:
Similarly, 107.02% of the company’s float is held by institutions – and there are 275 institutions in total holding shares of this company. The top three institutional holders of IGT stocks are: Invesco Ltd. with ownership of $83.35 million, which is approximately 6426192 of the company’s shares; Lazard Asset Management LLC, holding 6055208 shares of the stock with an approximate value of $78.54 million; and Marshall Wace North America L.P., currently with more than 5692650 shares of the company valued at $73.83 million. Positions in International Game Technology PLC stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.