Digging Up the Facts on International Game Technology PLC (IGT)

International Game Technology PLC (IGT) is an interesting player in the Services space, with a focus on Gaming Activities. The stock has been active on the tape, currently trading at $30.59, up from yesterday’s close by 1.56%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

International Game Technology PLC (IGT) currently trades with a market capitalization of $6.13 Billion. That value represents a market adjusting for revenues that have been growing by 1.85 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$12.08 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.27 on a per share basis this quarter. Perhaps, that suggests something about why 0.00% of the outstanding share supply is held by institutional investors.

Technical Analysis

No analysis is ever complete without a thorough survey of a stock’s technical behavior. Looking at the stock’s movement on the chart, International Game Technology PLC recorded a 52-week high of $30.82. It is now trading 0.23% off that level. The stock is trading $27.87 its 50-day moving average by -2.72%. The stock carved out a 52-week low down at $17.25.

In recent action, International Game Technology PLC (IGT) has made a move of +8.67% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 4.42% with $98.51 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of IGT.

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