As of Friday close, International Game Technology PLC’s (NYSE:IGT) stock was down -$0.02, moving down -0.06 percent to $30.97. The average number of shares traded per day over the past five days has been 806,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.09 fall in that time frame. In the last twenty days, the average volume was 990,805, while in the previous 50 days, it was 1,374,014.
Since last month, IGT stock retreated -6.49%. Shares of the company fell to $30.35 on 08/18/23, the lowest level in the past month. A 52-week high of $33.99 was reached on 07/27/23 after having rallying from a 52-week low of $15.01. Since the beginning of this year, IGT’s stock price has risen by 36.55% or $8.29, and marked a new high 33 times. However, the stock has declined by -8.88% since its 52-week high.
Valuation Metrics
Right now, International Game Technology PLC (IGT) has a P/E ratio of about 23.46. The stock’s beta is 1.97. Besides these, the trailing price-to-sales (P/S) ratio of 1.47, the price-to-book (PB) ratio of 4.36, and the price-to-cash flow ratio of 10.80 may also be considered.
The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Tuesday August 11 2015, a $0.09 dividend increase was announced.
Financial Health
In the three months ended June 29, International Game Technology PLC’s quick ratio stood at 0.90, while its current ratio was 1.00, 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 June 29 was 3.90, and the total debt-to-equity ratio was 4.09. On the profitability front, the trailing twelve-month gross margin is 48.50% percent. In the year ended June 29, EBITDA margin amounted to 38.25%, whereas operating margins totaled 21.60%. Based on annual data, IGT earned $2.0 billion in gross profit and brought in $4.22 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 14.00%. Return on equity (ROE) for the past 12 months was 19.10%.
In International Game Technology PLC’s quarter-end financial report for June 29, it reported total debt of $5.69 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. IGT’s revenue rose 3.22% during the quarter, while net income inched up to $4.22 billion. While analysts expected International Game Technology PLC to report $0.34 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -32.40%. During the quarter, the company generated $436.0 million in EBITDA. The liabilities of International Game Technology PLC were 8.61 billion at the end of its most recent quarter ended June 29, and its total debt was $6.06 billion.
Technical Picture
This quick technical analysis looks at International Game Technology PLC’s (IGT) price momentum. With a historical volatility rate of 7.05%, the RSI 9-day stood at 24.35% on 18 August.
With respect to its five-day moving average, the current International Game Technology PLC price is down by -3.40% percent or -$1.09. At present, IGT shares trade -6.15% below its 20-day simple moving average and +23.29% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.33% above its SMA50 and +54.46% above its SMA200.
Stochastic coefficient K was 11.35% and Stochastic coefficient D was 15.40%, while ATR was 0.73. Given the Stochastic reading of 19.25% for the 14-day period, the RSI (14) reading has been calculated as 35.77%. As of today, the MACD Oscillator reading stands at -0.76, while the 14-day reading stands at -1.01.
Analyst Ratings
Susquehanna upgraded its rating on International Game Technology PLC (NYSE: IGT) to a Positive in a note to investors on May 11, 2023. The analysts firm previously had a Neutral rating on the stock.International Game Technology PLC (IGT) has been rated Overweight by analysts. According to 0 brokerage firms, IGT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate International Game Technology PLC stock as buy, with 5 recommending it as overweight.
With a median target price of $39.00, the current consensus forecast for the stock is $27.60 – $54.00. Based on these forecasts, analysts predict International Game Technology PLC (IGT) will achieve an average price target of $38.23.
