Titan Machinery Inc (NASDAQ: TITN) is -52.04% lower on its value in year-to-date trading and has touched a low of $12.30 and a high of $29.30 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 TITN stock was last observed hovering at around $13.63 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $13.82, the stock is -6.84% and -5.60% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.11 million and changing 1.39% at the moment leaves the stock -20.35% off its SMA200. TITN registered -51.44% loss for a year compared to 6-month loss of -14.72%. The firm has a 50-day simple moving average (SMA 50) of $14.6474 and a 200-day simple moving average (SMA200) of $17.4086.
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The stock witnessed a -8.52% gain in the last 1 month and extending the period to 3 months gives it a 3.51%, and is -6.04% 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 6.04% over the week and 4.98% over the month.
Titan Machinery Inc (TITN) has around 3604 employees, a market worth around $320.29M and $2.79B in sales. Current P/E ratio is 10.42. Profit margin for the company is 1.08%. Distance from 52-week low is 12.36% and -52.82% from its 52-week high. The company has generated returns on investments over the last 12 months (3.63%).
with sales reaching $728.18M over the same period.The EPS is expected to shrink by -98.94% this year, but quarterly earnings will post -3.19% year-over-year. Quarterly sales are estimated to shrink -14.55% in year-over-year returns.
Titan Machinery Inc (TITN) Top Institutional Holders
205.0 institutions hold shares in Titan Machinery Inc (TITN), with institutional investors hold 101.08% of the company’s shares. The shares outstanding are 23.13M, and float is at 20.64M with Short Float at 6.08%. Institutions hold 90.45% of the Float.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 1.64 million shares valued at $26.0 million. The investor’s holdings represent 7.2543% of the TITN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.6 million shares valued at $25.46 million to account for 7.1024 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.19 million shares representing 5.2673% and valued at over $18.88 million, while AMERICAN CENTURY COMPANIES INC holds 5.1261 of the shares totaling 1.16 million with a market value of $18.37 million.
Titan Machinery Inc (TITN) Insider Activity
The most recent transaction is an insider purchase by Larsen Robert, the company’s Chief Financial Officer. SEC filings show that Larsen Robert bought 275 shares of the company’s common stock on May 28 ’24 at a price of $17.99 per share for a total of $4947.0. Following the purchase, the insider now owns 16407.0 shares.
Titan Machinery Inc disclosed in a document filed with the SEC on May 28 ’24 that Meyer David Joseph (Director) bought a total of 55,000 shares of the company’s common stock. The trade occurred on May 28 ’24 and was made at $18.12 per share for $1.0 million. Following the transaction, the insider now directly holds 1.8 million shares of the TITN stock.
Still, SEC filings show that on Apr 01 ’24, Larsen Robert (Chief Financial Officer) acquired 417 shares at an average price of $24.00 for $10008.0. The insider now directly holds 17,370 shares of Titan Machinery Inc (TITN).
