International Game Technology PLC (NYSE: IGT) is -9.06% lower on its value in year-to-date trading and has touched a low of $13.81 and a high of $24.13 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 $15.72 in the last trading session, with the day’s gains setting it 0.34%.
Currently trading at $16.06, the stock is 0.72% and -4.47% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing 2.16% at the moment leaves the stock -16.61% off its SMA200. IGT registered -20.61% loss for a year compared to 6-month loss of -21.12%. The firm has a 50-day simple moving average (SMA 50) of $16.8114 and a 200-day simple moving average (SMA200) of $19.2593.
The stock witnessed a -7.22% gain in the last 1 month and extending the period to 3 months gives it a -6.68%, and is 4.15% up 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 3.37% over the week and 4.50% over the month.
International Game Technology PLC (IGT) has around 11019 employees, a market worth around $3.24B and $3.35B in sales. Current P/E ratio is 9.40 and Fwd P/E is 11.11. Profit margin for the company is 10.38%. Distance from 52-week low is 16.29% and -33.44% from its 52-week high. The company has generated returns on investments over the last 12 months (5.04%).
with sales reaching $630.24M over the same period.The EPS is expected to grow by 52.03% this year, but quarterly earnings will post 2.23% year-over-year. Quarterly sales are estimated to shrink -40.93% in year-over-year returns.
International Game Technology PLC (IGT) Top Institutional Holders
304.0 institutions hold shares in International Game Technology PLC (IGT), with institutional investors hold 88.02% of the company’s shares. The shares outstanding are 201.86M, and float is at 112.09M with Short Float at 3.98%. Institutions hold 49.45% of the Float.
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 4.0699% 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 3.8525 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 3.19 of the shares totaling 6.41 million with a market value of $131.19 million.
International Game Technology PLC (IGT) Insider Activity
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Still, SEC filings show that on Sep 17 ’24, Gunn Scott David (Officer) Proposed Sale 2,500 shares at an average price of $21.83 for $54575.0. The insider now directly holds shares of International Game Technology PLC (IGT).
