International Game Technology PLC [NYSE: IGT] loss -9.50% on the last trading session, reaching $16.19 price per share at the time.
If compared to the average trading volume of 1.40M shares, IGT reached a trading volume of 8507083 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about International Game Technology PLC [IGT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IGT shares is $22.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IGT stock is a recommendation set at 2.00. 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.
Stifel have made an estimate for International Game Technology PLC shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 30, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on April 05, 2024, representing the official price target for International Game Technology PLC stock. Previously, the target price had yet another drop from $31 to $30, while Stifel kept a Hold rating on IGT stock. On March 01, 2024, analysts decreased their price target for IGT shares from 32 to 30.
The Average True Range (ATR) for International Game Technology PLC is set at 0.69, with the Price to Sales ratio for IGT stock in the period of the last 12 months amounting to 0.98. The Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 3.48. Price to Free Cash Flow for IGT in the course of the last twelve months was 3.76 with Quick ratio for the last quarter at 2.25.
Trading performance analysis for IGT stock
International Game Technology PLC [IGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.94. With this latest performance, IGT shares gained by 3.45% in over the last four-week period, additionally sinking by -23.38% over the last 6 months – not to mention a drop of -19.45% 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 IGT stock in for the last two-week period is set at 45.80, with the RSI for the last a single of trading hit 42.42, and the three-weeks RSI is set at 46.86 for International Game Technology PLC [IGT]. The present Moving Average for the last 50 days of trading for this stock 16.52, while it was recorded at 17.10 for the last single week of trading, and 18.93 for the last 200 days.
International Game Technology PLC [IGT]: A deeper dive into fundamental analysis
International Game Technology PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.25 and a Current Ratio set at 2.29.
International Game Technology PLC [IGT]: An earnings per share (EPS) analysis
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 IGT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for International Game Technology PLC go to 14.22%.
An analysis of Institutional ownership at International Game Technology PLC [IGT]
There are presently around $51.29%, or 91.30%% of IGT stock, in the hands of institutional investors. The top three institutional holders of IGT stocks are: LAZARD ASSET MANAGEMENT LLC with ownership of 8.18 million shares, which is approximately 4.0699%. MASSACHUSETTS FINANCIAL SERVICES CO /MA/, holding 7.74 million shares of the stock with an approximate value of $$158.43 million in IGT stocks shares; and MASSACHUSETTS FINANCIAL SERVICES CO /MA/, currently with $$145.98 million in IGT stock with ownership which is approximately 3.5496%.
