International Game Technology PLC (NYSE: IGT) is -28.82% lower on its value in year-to-date trading and has touched a low of $18.90 and a high of $28.82 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 $19.90 in the last trading session, with the day’s loss setting it -0.39%.
Currently trading at $19.51, the stock is -5.77% and -6.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.43 million and changing -1.96% at the moment leaves the stock -9.62% off its SMA200. IGT registered -27.47% loss for a year compared to 6-month gain of -3.61%. The firm has a 50-day simple moving average (SMA 50) of $20.9418 and a 200-day simple moving average (SMA200) of $21.58545.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.52% loss in the last 1 month and extending the period to 3 months gives it a -11.16%, and is -7.49% 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 3.99% over the week and 2.41% over the month.
International Game Technology PLC (IGT) has around 11016 employees, a market worth around $3.86B and $3.83B in sales. Current P/E ratio is 32.22 and Fwd P/E is 17.01. Profit margin for the company is 3.21%. Distance from 52-week low is 3.23% and -32.30% from its 52-week high. The company has generated returns on investments over the last 12 months (1.76%).
with sales reaching $653.27M over the same period.The EPS is expected to shrink by -75.41% this year, but quarterly earnings will post -41.49% year-over-year. Quarterly sales are estimated to shrink -42.19% in year-over-year returns.
International Game Technology PLC (IGT) Top Institutional Holders
The shares outstanding are 200.48M, and float is at 109.81M with Short Float at 1.65%.
The top institutional shareholder in the company is LAZARD ASSET MANAGEMENT LLC with over 8.18 million shares valued at $167.37 million. The investor’s holdings represent 4.0903% of the IGT Shares outstanding. As of 2024-06-30, the second largest holder is MASSACHUSETTS FINANCIAL SERVICES CO /MA/ with 7.74 million shares valued at $158.43 million to account for 3.8717 of the shares outstanding. The other top investors are BANK OF NEW YORK MELLON CORP which holds 7.13 million shares representing 3.5674% and valued at over $145.98 million, while BLACKROCK INC. holds 3.2059 of the shares totaling 6.41 million with a market value of $131.19 million.
International Game Technology PLC (IGT) Insider Activity
#####
Still, SEC filings show that on Sep 16 ’24, Gunn Scott David (Officer) Proposed Sale 2,500 shares at an average price of $21.70 for $54250.0. The insider now directly holds shares of International Game Technology PLC (IGT).
