Titan International, Inc (NYSE: TWI) is 16.64% higher on its value in year-to-date trading and has touched a low of $6.34 and a high of $14.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TWI stock was last observed hovering at around $8.73 in the last trading session, with the day’s loss setting it -0.81%.
Currently trading at $7.92, the stock is -9.69% and 0.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.31 million and changing -9.28% at the moment leaves the stock 2.36% off its SMA200. TWI registered -43.14% loss for a year compared to 6-month gain of -6.05%.
The stock witnessed a -6.38% loss in the last 1 month and extending the period to 3 months gives it a 8.49%, and is -14.10% 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 9.40% over the week and 5.20% over the month.
Titan International, Inc (TWI) has around 6900 employees, a market worth around $500.07M and $1.85B in sales. Fwd P/E is 13.97. Profit margin for the company is -0.30%. Distance from 52-week low is 25.02% and -44.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.48%).
with sales reaching $466.07M over the same period.The EPS is expected to shrink by -42.05% this year, but quarterly earnings will post -1.57% year-over-year. Quarterly sales are estimated to shrink -3.35% in year-over-year returns.
The shares outstanding are 63.14M, and float is at 48.03M with Short Float at 8.65%.
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 16.3902 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 11.0054 and valued at over $59.32 million, while PACER ADVISORS, INC. holds 6.1587 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.
