International Game Technology PLC (NYSE:IGT) went up by 6.65% from its latest closing price compared to the recent 1-year high of $16.25. The company’s stock price has collected 11.02% of gains in the last five trading sessions. Press Release reported 7 hours ago that IGT Wins Long-Term Nebraska Lottery Contract for Draw-Based and Instant Games and Services
Is It Worth Investing in International Game Technology PLC (NYSE :IGT) Right Now?
Plus, the 36-month beta value for IGT is at 2.01.
IGT currently public float of 99.30M and currently shorts hold a 4.39% ratio of that float. Today, the average trading volume of IGT was 2.38M shares.
IGT’s Market Performance
IGT stocks went up by 11.02% for the week, with a monthly jump of 5.18% and a quarterly performance of 9.53%, while its annual performance rate touched -27.00%. The volatility ratio for the week stands at 9.25% while the volatility levels for the past 30 days are set at 6.53% for International Game Technology PLC. The simple moving average for the period of the last 20 days is 20.12% for IGT stocks with a simple moving average of 19.48% for the last 200 days.
Analysts’ Opinion of IGT
Credit Suisse, on the other hand, stated in their research note that they expect to see IGT reach a price target of $5, previously predicting the price at $19. The rating they have provided for IGT stocks is “Underperform” according to the report published on May 21st, 2020.
Societe Generale gave a rating of “Hold” to IGT, setting the target price at $8.20 in the report published on May 21st of the current year.
IGT Trading at 6.86% from the 50-Day Moving Average
After a stumble in the market that brought IGT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.97% of loss for the given period.
Volatility was left at 6.53%, however, over the last 30 days, the volatility rate increased by 9.25%, as shares surge +10.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.09% upper at present.
During the last 5 trading sessions, IGT rose by +11.02%, which changed the moving average for the period of 200-days by -17.18% in comparison to the 20-day moving average, which settled at $9.53. In addition, International Game Technology PLC saw -23.98% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IGT
Equity return is now at value -15.00, with -2.30 for asset returns.