Triumph Group Inc. (NYSE: TGI)’s stock price has plunge by -0.54relation to previous closing price of 13.01. Nevertheless, the company has seen a -5.96% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-08 that Triumph Group’s (TGI) fiscal Q3 sales improve year over year due to an increase in commercial OEM sales. However, the company lowers its net sales guidance for fiscal 2024.
Is It Worth Investing in Triumph Group Inc. (NYSE: TGI) Right Now?
TGI has 36-month beta value of 2.55. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 8 as “hold,” and 2 as “sell.”
The public float for TGI is 75.43M, and currently, short sellers hold a 7.78% ratio of that float. The average trading volume of TGI on April 19, 2024 was 821.93K shares.
TGI’s Market Performance
TGI’s stock has seen a -5.96% decrease for the week, with a -1.15% drop in the past month and a -15.26% fall in the past quarter. The volatility ratio for the week is 4.09%, and the volatility levels for the past 30 days are at 3.38% for Triumph Group Inc. The simple moving average for the past 20 days is -8.63% for TGI’s stock, with a 10.37% simple moving average for the past 200 days.
Analysts’ Opinion of TGI
Many brokerage firms have already submitted their reports for TGI stocks, with JP Morgan repeating the rating for TGI by listing it as a “Neutral.” The predicted price for TGI in the upcoming period, according to JP Morgan is $17 based on the research report published on April 15, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see TGI reach a price target of $18. The rating they have provided for TGI stocks is “Outperform” according to the report published on March 28th, 2024.
Goldman gave a rating of “Buy” to TGI, setting the target price at $18 in the report published on March 20th of the current year.
TGI Trading at -9.43% from the 50-Day Moving Average
After a stumble in the market that brought TGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.07% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 4.09%, as shares sank -9.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.29% lower at present.
During the last 5 trading sessions, TGI fell by -5.96%, which changed the moving average for the period of 200-days by +4.86% in comparison to the 20-day moving average, which settled at $14.09. In addition, Triumph Group Inc. saw -21.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TGI starting from Keating Neal J, who purchase 7,200 shares at the price of $14.53 back on Feb 09 ’24. After this action, Keating Neal J now owns 58,987 shares of Triumph Group Inc., valued at $104,616 using the latest closing price.
Quigley Thomas A. III, the VP, IR, M&A & Treasurer of Triumph Group Inc., purchase 2,500 shares at $8.55 during a trade that took place back on Sep 08 ’23, which means that Quigley Thomas A. III is holding 36,766 shares at $21,388 based on the most recent closing price.
Stock Fundamentals for TGI
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.27 for the gross margin
The net margin for Triumph Group Inc. stands at -0.03. The total capital return value is set at 0.1.
Based on Triumph Group Inc. (TGI), the company’s capital structure generated 1.7 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at -2.43. The interest coverage ratio of the stock is 0.9.
Currently, EBITDA for the company is 196.76 million with net debt to EBITDA at 8.64. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The receivables turnover for the company is 6.27for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.66.
Conclusion
To put it simply, Triumph Group Inc. (TGI) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
