Titan Machinery Inc [NASDAQ: TITN] stock went on an upward path that rose over 2.29% on Friday, amounting to a one-week price increase of more than 11.51%.
Over the last 12 months, TITN stock dropped by -40.07%. The one-year Titan Machinery Inc stock forecast points to a potential upside of 14.55. The average equity rating for TITN stock is currently 2.60, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $351.74 million, with 23.13 million shares outstanding and 20.64 million shares in the current float. Compared to the average trading volume of 197.81K shares, TITN stock reached a trading volume of 262990 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Titan Machinery Inc [TITN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TITN shares is $17.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TITN stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Northland Capital have made an estimate for Titan Machinery Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on August 20, 2024. The new note on the price target was released on August 15, 2024, representing the official price target for Titan Machinery Inc stock. Previously, the target price had yet another drop from $32 to $20, while B. Riley Securities kept a Neutral rating on TITN stock.
The Average True Range (ATR) for Titan Machinery Inc is set at 0.64, with the Price to Sales ratio for TITN stock in the period of the last 12 months amounting to 0.13. The Price to Book ratio for the last quarter was 0.53, with the Price to Cash per share for the same quarter was set at 1.01.
TITN Stock Performance Analysis:
Titan Machinery Inc [TITN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.51. With this latest performance, TITN shares gained by 1.20% in over the last four-week period, additionally sinking by -9.57% over the last 6 months – not to mention a drop of -40.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TITN stock in for the last two-week period is set at 59.01, with the RSI for the last a single of trading hit 63.65, and the three-weeks RSI is set at 56.16 for Titan Machinery Inc [TITN]. The present Moving Average for the last 50 days of trading for this stock 14.60, while it was recorded at 14.82 for the last single week of trading, and 16.56 for the last 200 days.
Insight into Titan Machinery Inc Fundamentals:
Titan Machinery Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.15 and a Current Ratio set at 1.32.
TITN Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TITN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Titan Machinery Inc go to 25.00%.
Titan Machinery Inc [TITN] Institutonal Ownership Details
There are presently around $90.45%, or 101.08%% of TITN stock, in the hands of institutional investors. The top three institutional holders of TITN stocks are: DIMENSIONAL FUND ADVISORS LP with ownership of 1.64 million shares, which is approximately 7.2543%. BLACKROCK INC., holding 1.6 million shares of the stock with an approximate value of $$25.46 million in TITN stocks shares; and BLACKROCK INC., currently with $$18.88 million in TITN stock with ownership which is approximately 5.2673%.
