A Look at International Game Technology PLC (IGT) Shares in the Recent Past Indicates Growth

With 2.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.81 million shares. The 52-week range on IGT shows that it touched its highest point at $33.99 and its lowest point at $22.30 during that stretch. It currently has a 1-year price target of $31.50. With its current market cap of 5.45 billion, IGT has annualized dividend of $0.80 while the current yield stands at 2.94%. Beta for the stock currently stands at 1.96.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IGT was up-trending over the past week, with a rise of 5.43%, but this was up by 2.57% over a month. Three-month performance surged to 2.49% while six-month performance fell -14.69%. The stock gained 2.30% in the past year, while it has lost -0.88% so far this year. A look at the trailing 12-month EPS for IGT yields 0.48 with Next year EPS estimates of 2.05. For the next quarter, that number is 0.52. This implies an EPS growth rate of -1.35% for this year and 4.29% for next year.

Float and Shares Shorts:

At present, 199.08 million IGT shares are outstanding with a float of 104.63 million shares on hand for trading. On Feb 15, 2024, short shares totaled 2.96 million, which was 1.48% higher than short shares on Jan 12, 2024. In addition to IOT as the firm’s IOT, VGT serves as its Vanguard Information Tech ETF.

Institutional Ownership:

Through their ownership of 51.22% of IGT’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IGT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IGT analysts setting a high price target of $48.00 and a low target of $28.00, the average target price over the next 12 months is $33.43. Based on these targets, IGT could surge 76.67% to reach the target high and rise by 3.05% to reach the target low. Reaching the average price target will result in a growth of 23.04% from current levels.