International Game Technology PLC (NYSE: IGT) is -16.59% 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 $14.59 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $14.73, the stock is -4.93% and -7.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing 0.96% at the moment leaves the stock -19.62% off its SMA200. IGT registered -29.52% loss for a year compared to 6-month loss of -26.02%. The firm has a 50-day simple moving average (SMA 50) of $15.8654 and a 200-day simple moving average (SMA200) of $18.32555.
The stock witnessed a -14.71% gain in the last 1 month and extending the period to 3 months gives it a -16.54%, and is 0.75% 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 0.44% over the week and 3.19% over the month.
International Game Technology PLC (IGT) has around 11019 employees, a market worth around $2.98B and $2.87B in sales. Current P/E ratio is 10.24 and Fwd P/E is 10.09. Profit margin for the company is 10.21%. Distance from 52-week low is 6.66% and -38.96% from its 52-week high. The company has generated returns on investments over the last 12 months (4.08%).
with sales reaching $621.41M over the same period.The EPS is expected to grow by 22.66% this year, but quarterly earnings will post 1.09% year-over-year. Quarterly sales are estimated to shrink -40.76% in year-over-year returns.
International Game Technology PLC (IGT) Top Institutional Holders
315.0 institutions hold shares in International Game Technology PLC (IGT), with institutional investors hold 90.59% of the company’s shares. The shares outstanding are 202.00M, and float is at 111.07M with Short Float at 4.97%. Institutions hold 50.89% 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 3.5496% 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
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).
