A share price of International Game Technology PLC [IGT] is currently trading at $21.96, up 0.73%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The IGT shares have lost -0.14% over the last week, with a monthly amount glided 2.71%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
International Game Technology PLC [NYSE: IGT] stock has seen the most recent analyst activity on May 30, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $26 from $24. On March 04, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $30 on the stock. Truist downgraded its rating to a Hold and decreased its price target to $30 on March 01, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $29 on January 04, 2024. Susquehanna upgraded its rating to Positive for this stock on May 11, 2023, but kept the price target unchanged to $31. In a note dated April 20, 2023, B. Riley Securities initiated an Buy rating and provided a target price of $43 on this stock.
International Game Technology PLC experienced fluctuations in its stock price throughout the past year between $18.90 and $33.48. Currently, Wall Street analysts expect the stock to reach $28.29 within the next 12 months. International Game Technology PLC [NYSE: IGT] shares were valued at $21.96 at the most recent close of the market. An investor can expect a potential return of 28.83% based on the average IGT price forecast.
Analyzing the IGT fundamentals
Trailing Twelve Months sales for International Game Technology PLC [NYSE:IGT] were 4.31B which represents -0.57% decline. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.24%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.14 and Total Capital is 0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.69.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 21.73 points at the first support level, and at 21.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.15, and for the 2nd resistance point, it is at 22.33.
Ratios To Look Out For
To put it in perspective, the Current Ratio for International Game Technology PLC [NYSE:IGT] is 0.84. In addition, the Quick Ratio stands at 0.71 and the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 2.95 and price to earnings (TTM) ratio is 21.25.
Transactions by insiders
Recent insider trading involved Gunn Scott David, Officer, that happened on Sep 05 ’24 when 2000.0 shares were purchased. Officer, Gunn Scott David completed a deal on Aug 21 ’24 to buy 1000.0 shares. Meanwhile, Officer Gunn Scott David bought 6000.0 shares on Aug 06 ’24.
