The stock of Titan International, Inc. (NYSE: TWI) has decreased by -9.38 when compared to last closing price of 10.02.Despite this, the company has seen a loss of -21.25% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-18 that Titan International’s shares have seen upside of 20.4% since September 2023, nearly doubling the performance of the S&P 500. Despite worsening fundamental conditions, the company remains of high quality and shares are still cheap enough to justify continued upside. This is in spite of the high likelihood that the industry will continue to push pain onto the business.
Is It Worth Investing in Titan International, Inc. (NYSE: TWI) Right Now?
The price-to-earnings ratio for Titan International, Inc. (NYSE: TWI) is 10.30x, which is above its average ratio. Moreover, the 36-month beta value for TWI is 1.96. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TWI is 49.33M and currently, short sellers hold a 4.83% of that float. On May 07, 2024, TWI’s average trading volume was 324.50K shares.
TWI’s Market Performance
The stock of Titan International, Inc. (TWI) has seen a -21.25% decrease in the past week, with a -26.36% drop in the past month, and a -36.99% fall in the past quarter. The volatility ratio for the week is 7.80%, and the volatility levels for the past 30 days are at 3.74% for TWI. The simple moving average for the past 20 days is -21.47% for TWI’s stock, with a -29.83% simple moving average for the past 200 days.
TWI Trading at -25.81% from the 50-Day Moving Average
After a stumble in the market that brought TWI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.77% of loss for the given period.
Volatility was left at 3.74%, however, over the last 30 days, the volatility rate increased by 7.80%, as shares sank -26.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.79% lower at present.
During the last 5 trading sessions, TWI fell by -21.25%, which changed the moving average for the period of 200-days by -27.01% in comparison to the 20-day moving average, which settled at $11.40. In addition, Titan International, Inc. saw -38.98% 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 TWI starting from Eheli Anthony, who sale 2,500 shares at the price of $12.42 back on Mar 25 ’24. After this action, Eheli Anthony now owns 52,918 shares of Titan International, Inc., valued at $31,050 using the latest closing price.
Guinn Max A, the Director of Titan International, Inc., sale 18,402 shares at $12.49 during a trade that took place back on Sep 18 ’23, which means that Guinn Max A is holding 132,379 shares at $229,841 based on the most recent closing price.
Stock Fundamentals for TWI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.16 for the gross margin
The net margin for Titan International, Inc. stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 10.68, with 3.55 for asset returns.
Based on Titan International, Inc. (TWI), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.27. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is 7.02.
Currently, EBITDA for the company is 192.38 million with net debt to EBITDA at 2.81. When we switch over and look at the enterprise to sales, we see a ratio of 0.65. The receivables turnover for the company is 4.94for trailing twelve months and the total asset turnover is 0.97. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.33.
Conclusion
To wrap up, the performance of Titan International, Inc. (TWI) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
