Titan Machinery Inc (TITN) Shares Plummet Below 1-Year High

Titan Machinery Inc (NASDAQ: TITN) has seen a decline in its stock price by -12.00 in relation to its previous close of 23.16. However, the company has experienced a -12.46% decline in its stock price over the last five trading sessions. zacks.com reported 2024-05-23 that Titan Machinery (TITN) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $1.19 per share a year ago.

Is It Worth Investing in Titan Machinery Inc (NASDAQ: TITN) Right Now?

Titan Machinery Inc (NASDAQ: TITN) has a price-to-earnings ratio of 4.15x that is above its average ratio. Additionally, the 36-month beta value for TITN is 1.44. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for TITN is 20.47M and currently, short sellers hold a 2.27% ratio of that float. The average trading volume of TITN on May 23, 2024 was 193.79K shares.

TITN’s Market Performance

The stock of Titan Machinery Inc (TITN) has seen a -12.46% decrease in the past week, with a -10.06% drop in the past month, and a -21.46% fall in the past quarter. The volatility ratio for the week is 2.47%, and the volatility levels for the past 30 days are at 2.49% for TITN. The simple moving average for the last 20 days is -12.01% for TITN stock, with a simple moving average of -21.47% for the last 200 days.

Analysts’ Opinion of TITN

Many brokerage firms have already submitted their reports for TITN stocks, with Lake Street repeating the rating for TITN by listing it as a “Buy.” The predicted price for TITN in the upcoming period, according to Lake Street is $50 based on the research report published on July 25, 2023 of the previous year 2023.

B. Riley Securities, on the other hand, stated in their research note that they expect to see TITN reach a price target of $48. The rating they have provided for TITN stocks is “Buy” according to the report published on December 13th, 2022.

Robert W. Baird gave a rating of “Neutral” to TITN, setting the target price at $41 in the report published on November 24th of the previous year.

TITN Trading at -13.86% from the 50-Day Moving Average

After a stumble in the market that brought TITN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.20% of loss for the given period.

Volatility was left at 2.49%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -8.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.20% lower at present.

During the last 5 trading sessions, TITN fell by -11.25%, which changed the moving average for the period of 200-days by -33.33% in comparison to the 20-day moving average, which settled at $23.06. In addition, Titan Machinery Inc saw -29.43% 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 TITN starting from Larsen Robert, who purchase 417 shares at the price of $24.00 back on Apr 01 ’24. After this action, Larsen Robert now owns 17,370 shares of Titan Machinery Inc, valued at $10,008 using the latest closing price.

Stock Fundamentals for TITN

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.19 for the gross margin

The net margin for Titan Machinery Inc stands at 0.04. The total capital return value is set at 0.2. Equity return is now at value 18.58, with 6.97 for asset returns.

Based on Titan Machinery Inc (TITN), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at -0.12. The debt to equity ratio resting at 1.56. The interest coverage ratio of the stock is 7.91.

Currently, EBITDA for the company is 201.42 million with net debt to EBITDA at 5.15. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 17.95for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.32.

Conclusion

In conclusion, Titan Machinery Inc (TITN) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.

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