Titan Machinery Inc (NASDAQ: TITN) kicked off on Friday, up 2.29% from the previous trading day, before settling in for the closing price of $14.87. Over the past 52 weeks, TITN has traded in a range of $12.30-$28.29.
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Annual sales at Industrials sector company grew by 17.36% over the past five years. While this was happening, its average annual earnings per share was recorded -98.94%. With a float of $20.64 million, this company’s outstanding shares have now reached $23.13 million.
Let’s look at the performance matrix of the company that is accounted for 3604 employees. In terms of profitability, gross margin is 16.95%, operating margin of 3.24%, and the pretax margin is 1.52%.
Titan Machinery Inc (TITN) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Industrial Distribution Industry. The insider ownership of Titan Machinery Inc is 10.76%, while institutional ownership is 87.06%. The most recent insider transaction that took place on May 28 ’24, was worth 4,947. In this transaction Chief Financial Officer of this company bought 275 shares at a rate of $17.99, taking the stock ownership to the 16,407 shares. Before that another transaction happened on May 28 ’24, when Company’s Director bought 55,000 for $18.12, making the entire transaction worth $996,600. This insider now owns 1,805,000 shares in total.
Titan Machinery Inc (TITN) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.5 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -98.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 25.00% during the next five years compared to 55.11% growth over the previous five years of trading.
Titan Machinery Inc (NASDAQ: TITN) Trading Performance Indicators
Take a look at Titan Machinery Inc’s (TITN) current performance indicators. Last quarter, stock had a quick ratio of 0.15. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.33, a number that is poised to hit -0.62 in the next quarter and is forecasted to reach -0.69 in one year’s time.
Technical Analysis of Titan Machinery Inc (TITN)
Titan Machinery Inc (NASDAQ: TITN) saw its 5-day average volume 0.18 million, a positive change from its year-to-date volume of 0.16 million. As of the previous 9 days, the stock’s Stochastic %D was 83.47%. Additionally, its Average True Range was 0.64.
During the past 100 days, Titan Machinery Inc’s (TITN) raw stochastic average was set at 64.03%, which indicates a significant decrease from 85.97% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.57% in the past 14 days, which was lower than the 46.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.60, while its 200-day Moving Average is $16.56. Nevertheless, the first resistance level for the watch stands at $15.52 in the near term. At $15.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.13. If the price goes on to break the first support level at $14.90, it is likely to go to the next support level at $14.60. Assuming the price breaks the second support level, the third support level stands at $14.29.
Titan Machinery Inc (NASDAQ: TITN) Key Stats
The company with the Market Capitalisation of 351.74 million has total of 23,126K Shares Outstanding. Its annual sales at the moment are 2,758 M in contrast with the sum of 112,440 K annual income. Company’s last quarter sales were recorded 679,820 K and last quarter income was 1,710 K.
