Titan International, Inc (NYSE: TWI) is -53.02% lower on its value in year-to-date trading and has touched a low of $6.34 and a high of $15.33 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 TWI stock was last observed hovering at around $6.95 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $6.99, the stock is -6.00% and -3.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 0.58% at the moment leaves the stock -17.82% off its SMA200. TWI registered -53.40% loss for a year compared to 6-month gain of 2.49%. The firm has a 50-day simple moving average (SMA 50) of $7.22 and a 200-day simple moving average (SMA200) of $8.53345.
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The stock witnessed a -4.25% loss in the last 1 month and extending the period to 3 months gives it a -9.69%, and is -8.63% 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 6.76% over the week and 7.25% over the month.
Titan International, Inc (TWI) has around 6900 employees, a market worth around $441.35M and $1.85B in sales. Fwd P/E is 29.53. Profit margin for the company is -0.51%. Distance from 52-week low is 10.34% and -54.40% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.78%).
with sales reaching $394M over the same period.The EPS is expected to shrink by -97.48% this year, but quarterly earnings will post 1.90% year-over-year. Quarterly sales are estimated to grow 0.98% in year-over-year returns.
Titan International, Inc (TWI) Top Institutional Holders
249.0 institutions hold shares in Titan International, Inc (TWI), with institutional investors hold 99.73% of the company’s shares. The shares outstanding are 71.18M, and float is at 48.03M with Short Float at 8.60%. Institutions hold 93.98% of the Float.
The top institutional shareholder in the company is AIP, LLC with over 11.92 million shares valued at $88.34 million. The investor’s holdings represent 18.3615% of the TWI Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.04 million shares valued at $59.57 million to account for 12.3821 of the shares outstanding. The other top investors are MHR FUND MANAGEMENT LLC which holds 8.01 million shares representing 12.329% and valued at over $59.32 million, while PACER ADVISORS, INC. holds 6.8994 of the shares totaling 4.48 million with a market value of $33.19 million.
Titan International, Inc (TWI) Insider Activity
The most recent transaction is an insider sale by Eheli Anthony, the company’s VP, Chief Accounting Officer. SEC filings show that Eheli Anthony sold 2,500 shares of the company’s common stock on Mar 25 ’24 at a price of $12.42 per share for a total of $31050.0. Following the sale, the insider now owns 52918.0 shares.
