The stock of International Game Technology PLC (IGT) has gone up by 0.06% for the week, with a 1.75% rise in the past month and a -15.15% drop in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are 2.60% for IGT. The simple moving average for the past 20 days is 0.56% for IGT’s stock, with a -13.92% simple moving average for the past 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 28.87x, which is above its average ratio. Moreover, the 36-month beta value for IGT is 1.92. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for IGT is 109.98M and currently, short sellers hold a 3.06% of that float. On January 22, 2025, IGT’s average trading volume was 1.06M shares.
IGT) stock’s latest price update
The stock of International Game Technology PLC (NYSE: IGT) has increased by 0.75 when compared to last closing price of 17.35.Despite this, the company has seen a gain of 0.06% in its stock price over the last five trading days. prnewswire.com reported 2025-01-22 that Company to deliver comprehensive retail system technology and upgraded software to drive lottery growth in Thuringia LONDON, Jan. 22, 2025 /PRNewswire/ — International Game Technology PLC (“IGT”) (NYSE:IGT) today announced that its subsidiary, IGT Global Services Limited, has signed a seven-year contract with the Thuringian State Lottery (“LOTTO Thüringen”) in Germany to deploy its retail central system technology, Aurora™, and related software upgrades. The contract term will begin upon go-live of the new platform, planned for March 2026.
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 previous 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 previous year.
IGT Trading at -5.93% 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 -35.90% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares surge +1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.28% lower at present.
During the last 5 trading sessions, IGT fell by -0.69%, which changed the moving average for the period of 200-days by -18.20% in comparison to the 20-day moving average, which settled at $17.38. In addition, International Game Technology PLC saw -1.02% 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 Costa Dorothy, who proposed sale 15,014 shares at the price of $20.44 back on Nov 14 ’24. After this action, Costa Dorothy now owns shares of International Game Technology PLC, valued at $306,881 using the latest closing price.
Gunn Scott David, the Officer of International Game Technology PLC, proposed sale 2,500 shares at $21.83 during a trade that took place back on Sep 17 ’24, which means that Gunn Scott David is holding shares at $54,575 based on the most recent closing price.
Stock Fundamentals for IGT
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.48 for the gross margin
The net margin for International Game Technology PLC stands at 0.03. The total capital return value is set at 0.11. Equity return is now at value 2.43, with 0.35 for asset returns.
Based on International Game Technology PLC (IGT), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 3.89. The interest coverage ratio of the stock is 2.97.
Currently, EBITDA for the company is 1.58 billion with net debt to EBITDA at 4.26. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The receivables turnover for the company is 8.91for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
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.
