Keep An Eye On International Game Technology PLC’s Insider Activity (IGT)

The stock of International Game Technology PLC (NYSE:IGT) increased by $0.23 on Friday to finish at $20.60, up 1.13 percent. The last five days have seen an average of 1,745,620 shares of common stock traded. 4 times new highs were reached in the current year, with a fall of -$8.31. The average number of shares traded over the last 20 days was 2,376,845, while the average volume over the last 50 days totaled 1,955,572.

IGT stock dropped -7.62% since last month. On 05/09/22, the company’s shares reached a one-month low of $18.18. The stock touched a high of $32.95 on 02/10/22, after rallying from a low of $17.27 in 52 weeks. The price of IGT stock has declined by -28.74% or -$8.31 this year, reaching a new high 4 times. Still, the stock price is down -37.48% from the 52-week high.


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Valuation Metrics

International Game Technology PLC (IGT) has a trailing price-to-earnings (P/E) ratio of 64.78. Beta for the stock is 1.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 3.20, and the price-to-cash flow ratio of 6.81.

Company paid $0.20 per share in dividends, remained unchanged from $0.20 last year. A $0.09 dividend increase was reported on Tuesday August 11 2015.

Financial Health

For the three months ended March 30, International Game Technology PLC’s quick ratio was 1.30, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 4.90, and the total debt to equity ratio is 4.93. As far as profitability goes, gross margin for the trailing twelve months is 47.50% percent. International Game Technology PLC’s operating margin stood at 21.60% for the same period. Based on annual data, it had gross profit of $1.96 billion and revenue of $4.09 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IGT’s return on assets (ROA) during the last 12 months has been 4.10%. There was a 7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 36.70%.

Earnings Surprise

According to International Game Technology PLC’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $4.09 billion, while revenues rose by 23.81% to $0.0. It was predicted that International Game Technology PLC’s quarterly earnings would be $0.96, but it ended up being $0.33, beating the consensus by 190.90%. EBITDA was $427.0 million for the quarter. At the end of International Game Technology PLC’s most recent quarter ended March 30, its liabilities totaled 9.41 billion, while its total debt was $6.87 billion.

Technical Picture

Here’s a quick look at International Game Technology PLC’s (IGT) price momentum from a technical perspective. As of 20 May, the RSI 9-day stood at 47.02%, suggesting the stock is Neutral, with a 82.67% historical volatility rate.

The stochastic %K and %D were 43.92% and 43.93% respectively, while the average true range (ATR) was 1.63. Based on the 14-day stochastic reading of 51.93%, the RSI (14) reading is 45.70%. On the 9-day MACD Oscillator, the stock is at -0.16, and the 14-day reading is at -0.28.

Analyst Ratings

In its most recent analyst report, Jefferies raised its rating on International Game Technology PLC (NYSE: IGT) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned International Game Technology PLC (IGT) an Overweight rating. IGT is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.

What is IGT’s price target for the next 12 months?

The current consensus forecast for the stock is between $24.00 and $62.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for International Game Technology PLC (IGT) is $35.29.

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