Titan Machinery Inc. (TITN) Insider Trading: What Insights Can Be Gained?

SNOW Stock
SNOW Stock

As of Wednesday close, Titan Machinery Inc.’s (NASDAQ:TITN) stock was up $0.04, moving up 0.12 percent to $34.76. The average number of shares traded per day over the past five days has been 109,080 shares. 3 times new highs have been achieved over the past 5 days, with a $0.69 gain in that time frame. In the last twenty days, the average volume was 121,875, while in the previous 50 days, it was 139,316.

Since last month, TITN stock rose 4.89%. Shares of the company fell to $32.03 on 10/24/22, the lowest level in the past month. A 52-week high of $38.58 was reached on 11/11/22 after having rallying from a 52-week low of $21.50. Since the beginning of this year, TITN’s stock price has risen by 3.18% or $1.07, and marked a new high 4 times. However, the stock has declined by -9.90% since its 52-week high.

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Valuation Metrics

Right now, Titan Machinery Inc. (TITN) has a P/E ratio of about 9.06. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 0.41, the price-to-book (PB) ratio of 1.64, and the price-to-cash flow ratio of 7.96 may also be considered.

Financial Health

In the three months ended July 30, Titan Machinery Inc.’s quick ratio stood at 0.60, while its current ratio was 1.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.19, and the total debt-to-equity ratio was 0.78. On the profitability front, the trailing twelve-month gross margin is 19.70% percent. In the year ended July 30, operating margins totaled 6.10%. Based on annual data, TITN earned $332.72 million in gross profit and brought in $1.71 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 10.50%. Return on equity (ROE) for the past 12 months was 19.30%.

In Titan Machinery Inc.’s quarter-end financial report for July 30, it reported total debt of $86.5 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TITN’s revenue rose 54.74% to $461.01 million during the quarter, while net income inched up to $496.54 million. While analysts expected Titan Machinery Inc. to report $0.7 quarterly earnings, the actual figure was $1.1 per share, beating the consensus estimate by 57.10%. During the quarter, the company generated $39.63 million in EBITDA. The liabilities of Titan Machinery Inc. were 603.59 million at the end of its most recent quarter ended July 30, and its total debt was $430.29 million. The value of shareholders’ equity is $22.57 million.

Technical Picture

This quick technical analysis looks at Titan Machinery Inc.’s (TITN) price momentum. With a historical volatility rate of 18.81%, the RSI 9-day stood at 58.00% on 23 November.

With respect to its five-day moving average, the current Titan Machinery Inc. price is up by +2.03% percent or $0.69. At present, TITN shares trade +5.33% above its 20-day simple moving average and +56.58% percent above its 100-day simple moving average. However, the stock is currently trading approximately +16.49% above its SMA50 and +10.88% above its SMA200.

Stochastic coefficient K was 51.54% and Stochastic coefficient D was 48.57%, while ATR was 1.04. Given the Stochastic reading of 54.47% for the 14-day period, the RSI (14) reading has been calculated as 58.40%. As of today, the MACD Oscillator reading stands at 0.05, while the 14-day reading stands at 0.11.

Analyst Ratings

Titan Machinery Inc. downgraded its rating on Titan Machinery Inc. (NASDAQ: TITN) to a Neutral in a note to investors on November 24, 2021. The analysts firm previously had an Outperform rating on the stock.


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