International Game Technology PLC (NYSE: IGT) is -6.20% lower on its value in year-to-date trading and has touched a low of $22.30 and a high of $33.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IGT stock was last observed hovering at around $25.66 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $25.71, the stock is -1.49% and -2.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 0.19% at the moment leaves the stock -10.99% off its SMA200. IGT registered -0.39% loss for a year compared to 6-month loss of -18.46%. The firm has a 50-day simple moving average (SMA 50) of $2.49 and a 200-day simple moving average (SMA200) of $6.63.
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The stock witnessed a -4.32% gain in the last 1 month and extending the period to 3 months gives it a -2.28%, and is -0.62% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.24% over the week and 2.24% over the month.
International Game Technology PLC (IGT) has around 10786 employees, a market worth around $5.15B and $4.27B in sales. Current P/E ratio is 53.25 and Fwd P/E is 11.90. Profit margin for the company is 2.32%. Distance from 52-week low is 15.29% and -24.36% from its 52-week high. The company has generated returns on investments over the last 12 months (1.39%).
International Game Technology PLC quarterly earnings per share for the current quarter are estimated at $0.41 with sales reaching $1.11B over the same period.The EPS is expected to shrink by -1.35% this year, but quarterly earnings will post 1.50% year-over-year. Quarterly sales are estimated to grow 1.20% in year-over-year returns.
327 institutions hold shares in International Game Technology PLC (IGT), with institutional investors hold 91.04% of the company’s shares. The shares outstanding are 199.08M, and float is at 104.63M with Short Float at 2.83%. Institutions hold 51.22% of the Float.
The top institutional shareholder in the company is Bank Of New York Mellon Corporation with over 11.07 million shares valued at $353.1 million. The investor’s holdings represent 5.56% of the IGT Shares outstanding. As of Jun 29, 2023, the second largest holder is Massachusetts Financial Services Co. with 7.09 million shares valued at $226.07 million to account for 3.56% of the shares outstanding. The other top investors are Lazard Asset Management LLC which holds 6.11 million shares representing 3.07% and valued at over $194.72 million, while TPG GP A, LLC holds 2.99% of the shares totaling 5.95 million with a market value of $189.88 million.
International Game Technology PLC (IGT): Who are the competitors?
One of the company’s main competitors (and peers) include Clone Algo Technologies Inc. (CATI) that is trading -50.00% down over the past 12 months.Fortinet Inc. (FTNT) lies in the list of competitors of the International Game Technology PLC and is 18.94% higher over the same period from IGTAutodesk Inc. (ADSK) is 29.98% up on the 1-year trading charts.
