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Titan Machinery Inc (NASDAQ: TITN) closed the day trading at $13.38 down -1.33% from the previous closing price of $13.56. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 1.05 million shares were traded. TITN stock price reached its highest trading level at $13.595 during the session, while it also had its lowest trading level at $13.0.
Ratios:
For a better understanding of TITN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.13 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 2.03 whereas as Long-Term Debt/Eq ratio is at 0.23.
On August 15, 2024, Lake Street Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $15.
B. Riley Securities Downgraded its Buy to Neutral on June 05, 2024, whereas the target price for the stock was revised from $32 to $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 28 ’24 when Larsen Robert bought 275 shares for $17.99 per share. The transaction valued at 4,947 led to the insider holds 16,407 shares of the business.
Meyer David Joseph bought 55,000 shares of TITN for $996,600 on May 28 ’24. The Director now owns 1,805,000 shares after completing the transaction at $18.12 per share. On Apr 01 ’24, another insider, Larsen Robert, who serves as the Chief Financial Officer of the company, bought 417 shares for $24.00 each. As a result, the insider paid 10,008 and bolstered with 17,370 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TITN now has a Market Capitalization of 309449952 and an Enterprise Value of 1612107904. As of this moment, Titan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 0.574 whereas that against EBITDA is 9.951.
Stock Price History:
Over the past 52 weeks, TITN has reached a high of $29.30, while it has fallen to a 52-week low of $12.30. The 50-Day Moving Average of the stock is -10.68%, while the 200-Day Moving Average is calculated to be -37.16%.
Shares Statistics:
Over the past 3-months, TITN traded about 269.37K shares per day on average, while over the past 10 days, TITN traded about 334960 shares per day. A total of 22.85M shares are outstanding, with a floating share count of 20.61M. Insiders hold about 10.91% of the company’s shares, while institutions hold 82.24% stake in the company. Shares short for TITN as of 1724976000 were 806193 with a Short Ratio of 3.46, compared to 1722384000 on 485173. Therefore, it implies a Short% of Shares Outstanding of 806193 and a Short% of Float of 3.88.
