Currently, there are 201.86M common shares owned by the public and among those 112.09M shares have been available to trade.
The company’s stock has a 5-day price change of -2.94% and -3.23% over the past three months. IGT shares are trading -8.32% year to date (YTD), with the 12-month market performance down to -19.45% lower. It has a 12-month low price of $13.81 and touched a high of $24.13 over the same period. IGT has an average intraday trading volume of 1.40 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.09%, -2.00%, and -14.47% respectively.
Institutional ownership of International Game Technology PLC (NYSE: IGT) shares accounts for 49.71% of the company’s 201.86M shares outstanding.
It has a market capitalization of $3.27B and a beta (3y monthly) value of 1.60. The stock’s trailing 12-month PE ratio is 9.47, while the earnings-per-share (ttm) stands at $1.71. The company has a PEG of 0.67 and a Quick Ratio of 2.25 with the debt-to-equity ratio at 3.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.06% over the week and 2.96% over the month.
Earnings per share for the fiscal year are expected to increase by 34.62%, and 57.33% over the next financial year.
Looking at the support for the IGT, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on May 30, 2024, with the firm’s price target at $24-$26. B. Riley Securities coverage for the International Game Technology PLC (IGT) stock in a research note released on April 05, 2024 offered a Buy rating with a price target of $30. Stifel was of a view on March 04, 2024 that the stock is Hold, while Truist gave the stock Hold rating on March 01, 2024, issuing a price target of $32- $30. Jefferies on their part issued Hold rating on January 04, 2024.
