IGT Stock Summary and Trading Ideas (Intl Game Tech | NYSE:IGT)

International Game Technology PLC is a gaming company that delivers entertaining and responsible gaming experiences for players across all channels. The company's operating segments include Global Lottery, Global Gaming, and PlayDigital. It generates maximum revenue from the Global Lottery segment. Global Lottery segment provides lottery products and services to governmental organizations through operating contracts, facilities management contracts, lottery management agreements, and product sales contracts. Geographically, it derives a majority of revenue from the United States.

Intl Game Tech trades on the NYSE stock market under the symbol IGT.

As of April 24, 2024, IGT stock price climbed to $20.54 with 766,372 million shares trading.

IGT has a beta of 1.34, meaning it tends to be more sensitive to market movements. IGT has a correlation of 0.20 to the broad based SPY ETF.

IGT has a market cap of $4.12 billion. This is considered a Mid Cap stock.

Last quarter Intl Game Tech reported $1 billion in Revenue and $.56 earnings per share. This beat revenue expectation by $20 million and exceeded earnings estimates by $.15.

In the last 3 years, IGT stock traded as high as $33.99 and as low as $15.01.

The top ETF exchange traded funds that IGT belongs to (by Net Assets): IWM, IWO, VYM, VTWO, FELV.

IGT has underperformed the market in the last year with a price return of -25.5% while the SPY ETF gained +24.2%. IGT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -22.2% and -4.6%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

IGT support price is $20.06 and resistance is $20.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGT stock will trade within this expected range on the day.