Stocks of Titan International, Inc (NYSE:TWI) traded higher last session on Wall Street, up 1.26% to $8.86.
TWI stock price is now 14.85% away from the 50-day moving average and 13.91% away from the 200-day moving average. The market capitalization of the company currently stands at $559.42M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $11, DA Davidson recently initiated with Buy rating for Titan International, Inc (NYSE: TWI)., while ‘Sidoti’ rates the stock as ‘Buy’
In other news, Eheli Anthony, VP, Chief Accounting Officer sold 2,500 shares of the company’s stock on Mar 25 ’24. The stock was sold for $31,050 at an average price of $12.42. Upon completion of the transaction, the VP, Chief Accounting Officer now directly owns 52,918 shares in the company, valued at $0.47 million. A total of 23.93% of the company’s stock is owned by insiders.
During the past 12 months, Titan International, Inc has had a low of $6.34 and a high of $14.50. As of last week, the company has a debt-to-equity ratio of 1.08, a current ratio of 2.38, and a quick ratio of 1.33. The fifty day moving average price for TWI is $7.7142 and a two-hundred day moving average price translates $7.77795 for the stock.
The latest earnings results from Titan International, Inc (NYSE: TWI) was released for 2024-09-30. The net profit margin was -0.51% and return on equity was -1.84% for TWI. The company reported revenue of $447.99 million for the quarter, compared to $401.78 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.5 percent.
