International Game Technology PLC (NYSE: IGT) is -9.00% 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 $16.90 in the last trading session, with the day’s loss setting it -0.83%.
Currently trading at $16.07, the stock is -3.56% and -2.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.72 million and changing -4.91% at the moment leaves the stock -14.49% off its SMA200. IGT registered -21.80% loss for a year compared to 6-month loss of -23.11%.
The stock witnessed a 0.06% gain in the last 1 month and extending the period to 3 months gives it a -9.46%, and is -10.17% 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 6.05% over the week and 3.29% over the month.
International Game Technology PLC (IGT) has around 11019 employees, a market worth around $3.25B and $2.87B in sales. Current P/E ratio is 11.17 and Fwd P/E is 11.31. Profit margin for the company is 10.21%. Distance from 52-week low is 16.36% and -33.40% from its 52-week high. The company has generated returns on investments over the last 12 months (4.08%).
with sales reaching $619.27M over the same period.The EPS is expected to grow by 26.26% this year, but quarterly earnings will post 0.90% year-over-year. Quarterly sales are estimated to shrink -40.97% in year-over-year returns.
International Game Technology PLC (IGT) Top Institutional Holders
The shares outstanding are 202.00M, and float is at 112.85M with Short Float at 4.04%.
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 3.5496% 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).
