The stock of Titan International, Inc. (TWI) has gone down by -8.53% for the week, with a -11.10% drop in the past month and a 4.89% rise in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are 4.08% for TWI. The simple moving average for the past 20 days is -9.53% for TWI’s stock, with a -30.84% simple moving average for the past 200 days.
Is It Worth Investing in Titan International, Inc. (NYSE: TWI) Right Now?
Titan International, Inc. (NYSE: TWI) has a higher price-to-earnings ratio of 16.83x compared to its average ratio, The 36-month beta value for TWI is at 1.81. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TWI is 49.07M, and currently, shorts hold a 8.13% of that float. The average trading volume for TWI on October 04, 2024 was 562.35K shares.
TWI) stock’s latest price update
The stock price of Titan International, Inc. (NYSE: TWI) has dropped by -6.06 compared to previous close of 7.76. Despite this, the company has seen a fall of -8.53% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-22 that Titan International is a leading global manufacturer of wheels, tires, and undercarriage products for sectors outside regular autos and semis. The company’s acquisition of Carlstar has strengthened its market penetration, while maintaining a strong balance sheet. Shares are trading close to tangible book value, making it a potential takeover or take private proposition with a strong business setup and manageable debt load.
TWI Trading at -9.34% 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 -52.45% of loss for the given period.
Volatility was left at 4.08%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -9.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.53% lower at present.
During the last 5 trading sessions, TWI fell by -8.53%, which changed the moving average for the period of 200-days by -50.10% in comparison to the 20-day moving average, which settled at $8.02. In addition, Titan International, Inc. saw -51.01% 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.
Stock Fundamentals for TWI
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.16 for the gross margin
The net margin for Titan International, Inc. stands at 0.02. The total capital return value is set at 0.08. Equity return is now at value 5.30, with 1.85 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 0.29. The debt to equity ratio resting at 0.92. The interest coverage ratio of the stock is 5.27.
Currently, EBITDA for the company is 192.38 million with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 5.7for trailing twelve months and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
Conclusion
In conclusion, Titan International, Inc. (TWI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
