In the past week, IGT stock has gone up by 0.49%, with a monthly decline of -5.15% and a quarterly surge of 1.59%. The volatility ratio for the week is 1.49%, and the volatility levels for the last 30 days are 1.69% for International Game Technology PLC The simple moving average for the last 20 days is -1.24% for IGT stock, with a simple moving average of -7.31% for the last 200 days.
Is It Worth Investing in International Game Technology PLC (NYSE: IGT) Right Now?
The price-to-earnings ratio for International Game Technology PLC (NYSE: IGT) is 19.79x, which is above its average ratio. Moreover, the 36-month beta value for IGT is 1.97. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for IGT is 109.25M and currently, short sellers hold a 1.60% of that float. On October 23, 2024, IGT’s average trading volume was 1.02M shares.
IGT) stock’s latest price update
International Game Technology PLC (NYSE: IGT) has seen a rise in its stock price by 0.69 in relation to its previous close of 20.32. However, the company has experienced a 0.49% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-10-22 that DANIA BEACH, Fla.–(BUSINESS WIRE)–Yamaha Rightwaters is a new International Game Fishing Association (IGFA®) sponsor, lending support to the IGFA Passport to Fishing Program and the IGFA Great Marlin Race. Together, Yamaha Rightwaters and the IGFA will work to generate and promote conservation efforts in North America. “IGFA is globally-recognized for its efforts in marine conservation and education,” said Joshua Grier, Sustainability Program Manager, Yamaha U.S. Marine Business Unit. “By sup.
Analysts’ Opinion of IGT
Many brokerage firms have already submitted their reports for IGT stocks, with Stifel repeating the rating for IGT by listing it as a “Buy.” The predicted price for IGT in the upcoming period, according to Stifel is $26 based on the research report published on May 30, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see IGT reach a price target of $30. The rating they have provided for IGT stocks is “Buy” according to the report published on April 05th, 2024.
Stifel gave a rating of “Hold” to IGT, setting the target price at $30 in the report published on March 04th of the current year.
IGT Trading at -4.21% 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 -32.92% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares sank -3.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.26% lower at present.
During the last 5 trading sessions, IGT rose by +0.49%, which changed the moving average for the period of 200-days by -20.27% in comparison to the 20-day moving average, which settled at $20.72. In addition, International Game Technology PLC saw -25.36% 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 IGT starting from Gunn Scott David, who proposed sale 2,500 shares at the price of $21.83 back on Sep 17 ’24. After this action, Gunn Scott David now owns shares of International Game Technology PLC, valued at $54,575 using the latest closing price.
Gunn Scott David, the Officer of International Game Technology PLC, proposed sale 2,500 shares at $21.70 during a trade that took place back on Sep 16 ’24, which means that Gunn Scott David is holding shares at $54,250 based on the most recent closing price.
Stock Fundamentals for IGT
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.49 for the gross margin
The net margin for International Game Technology PLC stands at 0.05. The total capital return value is set at 0.13.
Based on International Game Technology PLC (IGT), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 3.69. The interest coverage ratio of the stock is 3.23.
Currently, EBITDA for the company is 1.58 billion with net debt to EBITDA at 3.21. When we switch over and look at the enterprise to sales, we see a ratio of 2.16. The receivables turnover for the company is 6.62for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To wrap up, the performance of International Game Technology PLC (IGT) has been mixed 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.
