Titan International, Inc. (NYSE:TWI) is among the top losers of the stock market today, sinking -4.53% or (-0.19 points) to $4.11 from its previous close of $4.3. Does this decline mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 153595 contracts so far this session. TWI shares had a relatively better volume day versus average trading capacity of 433.76 thousand shares, but with a 57.7 million float and a -7.33% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TWI stock indicates that the average analyst price target is $7 per share. This means the stock has a potential increase of 70.32% from where the TWI share price has been trading recently which is between $4.23 and $4.48. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $6.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Farm Equipment Industry Near-Term Outlook Bright” and dated July 09, 2019.
During the recent trading session for Titan International, Inc. (NYSE:TWI), the company witnessed their stock drop by $-0.56 over a week and surge $0.19 from the price 20 days ago. When compared to their established 52-week high of $10.75, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 07/31/18. The recent low of $3.82 stood for a -61.81% since 06/12/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.07 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Titan International, Inc., the two-week RSI stands at 32.44. This figure suggests that TWI stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TWI readings is similarly very revealing as it has a stochastic reading of 8.59% at this stage. This figure means that TWI share price today is being overbought.
Technical chart claims that Titan International, Inc. (TWI) would settle between $4.44/share to $4.59/share level. However, if the stock price goes below the $4.19 mark, then the market for Titan International, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $4.09 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.28. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at William Blair lowered their recommendation on shares of TWI from Outperform to Mkt Perform in their opinion released on August 03. Sidoti analysts bumped their rating on Titan International, Inc. (NYSE:TWI) stock from Neutral to Buy in a separate flash note issued to investors on April 18. Analysts at Goldman lowered the stock to a Sell call from its previous Neutral recommendation, in a research note that dated back to November 19.
TWI equity has an average rating of 2.33, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated Titan International, Inc. (NYSE:TWI) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, TWI stock price is currently trading at 8.01X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.16 while for the average stock in the same group, the multiple is 1.6.
Titan International, Inc. (TWI)’s current-quarter revenues are projected to climb by nearly 3.46% to hit $443750, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over 3.22% from $1.6 billion to a noteworthy $1.65 billion. At the other end of the current quarter income statement, Titan International, Inc. is expected to see its adjusted earnings surge by roughly 650% to hit $0.15 per share. For the fiscal year, TWI’s earnings are projected to climb by roughly 37.04% to hit $0.37 per share.