Titan Machinery Inc (NASDAQ: TITN) on Monday, plunged -4.86% from the previous trading day, before settling in for the closing price of $18.72. Within the past 52 weeks, TITN’s price has moved between $12.30 and $28.29.
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During the last 5-year period, the sales growth of Industrials Sector giant was 20.84%. The company achieved an average annual earnings per share of -98.92%. With a float of $20.64 million, this company’s outstanding shares have now reached $23.13 million.
Let’s determine the extent of company efficiency that accounts 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 Activity
Observing investor behavior towards Industrial Distribution industry stocks is more important than anything else. The insider ownership of Titan Machinery Inc is 10.76%, while institutional ownership is 87.17%. 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) Earnings and Forecasts
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 -98.92% per share during the next fiscal year.
Titan Machinery Inc (NASDAQ: TITN) Trading Performance Indicators
Titan Machinery Inc (TITN) is currently performing well based on its current performance indicators. A quick ratio of 0.15 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.15.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.33, a number that is poised to hit -0.63 in the next quarter and is forecasted to reach -0.85 in one year’s time.
Technical Analysis of Titan Machinery Inc (TITN)
Looking closely at Titan Machinery Inc (NASDAQ: TITN), its last 5-days average volume was 0.81 million, which is a jump from its year-to-date volume of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 75.70%. Additionally, its Average True Range was 0.86.
During the past 100 days, Titan Machinery Inc’s (TITN) raw stochastic average was set at 74.60%, which indicates a significant increase from 67.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 57.56% in the past 14 days, which was higher than the 46.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.10, while its 200-day Moving Average is $16.24. However, in the short run, Titan Machinery Inc’s stock first resistance to watch stands at $18.45. Second resistance stands at $19.10. The third major resistance level sits at $19.66. If the price goes on to break the first support level at $17.24, it is likely to go to the next support level at $16.68. Should the price break the second support level, the third support level stands at $16.03.
Titan Machinery Inc (NASDAQ: TITN) Key Stats
Market capitalization of the company is 411.87 million based on 23,126K outstanding shares. Right now, sales total 2,758 M and income totals 112,440 K. The company made 679,820 K in profit during its latest quarter, and 1,710 K in sales during its previous quarter.
