At the time of writing, Titan Machinery Inc [TITN] stock is trading at $15.69, down -2.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The TITN shares have gain 11.67% over the last week, with a monthly amount glided 11.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Titan Machinery Inc [NASDAQ: TITN] stock has seen the most recent analyst activity on August 20, 2024, when Northland Capital downgraded its rating to a Market Perform. Previously, Lake Street downgraded its rating to Hold on August 15, 2024, and kept the price target unchanged to $15. On June 05, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $20 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $50 on July 25, 2023. B. Riley Securities initiated its recommendation with a Buy and recommended $48 as its price target on December 13, 2022. Robert W. Baird downgraded its rating to Neutral for this stock on November 24, 2021, and upped its price target to $41. In a note dated May 28, 2021, Stephens upgraded an Overweight rating on this stock and boosted its target price from $26 to $40.
For the past year, the stock price of Titan Machinery Inc fluctuated between $12.30 and $29.30. Currently, Wall Street analysts expect the stock to reach $25.25 within the next 12 months. Titan Machinery Inc [NASDAQ: TITN] shares were valued at $15.69 at the most recent close of the market. An investor can expect a potential return of 60.93% based on the average TITN price forecast.
Analyzing the TITN fundamentals
According to Titan Machinery Inc [NASDAQ:TITN], the company’s sales were 2.79B for trailing twelve months, which represents an -2.06% plunge. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 15.09 points at the first support level, and at 14.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.45, and for the 2nd resistance point, it is at 17.22.
Ratios To Look Out For
It is important to note that Titan Machinery Inc [NASDAQ:TITN] has a current ratio of 1.32. On the other hand, the Quick Ratio is 0.15, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 0.55 and price to earnings (TTM) ratio is 11.78.
Transactions by insiders
Recent insider trading involved Larsen Robert, Chief Financial Officer, that happened on May 28 ’24 when 275.0 shares were purchased. Director, Meyer David Joseph completed a deal on May 28 ’24 to buy 55000.0 shares. Meanwhile, Chief Financial Officer Larsen Robert bought 417.0 shares on Apr 01 ’24.
