On September 18, Max A Guinn, a member of the board at Titan Intl, made a significant move by selling 20,000 shares of the company, as revealed in the Form 4 filing with the U.S. Securities and Exchange Commission. The transaction itself amounted to an impressive $249,975. While it is essential to remember that insider transactions should not be the sole basis for making investment decisions, they do hold significance for investors to consider. When an insider within a company decides to make a new purchase, it often indicates their belief in the potential rise of the stock. Conversely, insider sells can be driven by a multitude of reasons and may not necessarily imply a negative outlook on the stock’s performance.
Titan International, Inc.
Updated on: 19/09/2023
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
10:00 PM (UTC)
Date:18 September, 2023
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TWI Stock Performance on September 19, 2023: Stable with Impressive Growth and Projected Decline in Earnings
TWI Stock Performance on September 19, 2023
TWI started the day with an opening price of $12.47. Throughout the day, the stock’s price fluctuated within a range of $12.37 to $12.47. The trading volume for TWI on September 19, 2023, was 91,499 shares. TWI has a market capitalization of $786.6 million. TWI has shown impressive growth in the past year, with a growth rate of +250.24%. However, the projected earnings growth for this year is -19.09%. In terms of revenue growth, TWI experienced a growth rate of +21.86% in the last year. TWI has a price-to-earnings (P/E) ratio of 5.4. The price-to-sales ratio for TWI is 0.45. The price-to-book ratio for TWI is 2.07. In terms of other stock performances on September 19, 2023, Standard Motor Products (SMP) saw an increase of $0.46, or 1.37%, while American Axle & Manufacturing (AXL) experienced a decrease of $0.15, or 2.03%. TWI’s next reporting date is scheduled for November 9, 2023. Analysts are forecasting an earnings per share (EPS) of $0.43 for this quarter. The net profit margin for TWI is 8.13%. TWI operates in the auto parts: OEM industry. TWI’s corporate headquarters are located in West Chicago, Illinois. Overall, TWI’s stock performance on September 19, 2023, showed stability with minimal price fluctuations. The company has experienced strong earnings and revenue growth in the past year, although there is a projected decline in earnings for this year. Investors should consider these factors along with other financial metrics when evaluating the potential of TWI stock.
TWI Stock Shows Positive Performance with Analysts Predicting Significant Increase in Price
TWI stock, or Titan International Inc, had a positive performance on September 19, 2023, based on the information provided. According to CNN Money, one analyst has offered a 12-month price forecast for TWI with a median target of $20.00. The high and low estimates are also $20.00, indicating a consensus among analysts.
The median estimate represents a significant increase of 60.90% from the last recorded price of $12.43. This suggests that analysts are optimistic about the future prospects of TWI and expect the stock to perform well in the coming months.
The current consensus among investment analysts is to hold stock in Titan International Inc. This rating has remained steady since March, indicating that analysts have maintained a neutral stance on the stock.
TWI reported earnings per share of $0.43 for the current quarter. This indicates that the company is generating a profit of $0.43 for each outstanding share of stock. Additionally, TWI reported sales of $514.2 million for the same period, highlighting the company’s strong revenue generation.
Investors and analysts will be eagerly awaiting TWI’s reporting date, which is scheduled for November 9. This will provide further insights into the company’s financial performance and may impact the stock’s future performance.
Overall, based on the provided information, TWI stock has shown positive performance on September 19, 2023, with analysts predicting a significant increase in its price in the next 12 months. However, it is important for investors to conduct thorough research and consider other factors before making any investment decisions.