TITN Stock Summary and Trading Ideas (Titan Machinery | NASDAQ:TITN)

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the Europe and Australia segments.

Titan Machinery trades on the NASDAQ stock market under the symbol TITN.

As of April 24, 2024, TITN stock price declined to $22.66 with 208,133 million shares trading.

TITN has a beta of 0.89, meaning it tends to be less sensitive to market movements. TITN has a correlation of 0.08 to the broad based SPY ETF.

TITN has a market cap of $517.08 million. This is considered a Small Cap stock.

Last quarter Titan Machinery reported $852 million in Revenue and $1.05 earnings per share. This beat revenue expectation by $128 million and exceeded earnings estimates by $.03.

In the last 3 years, TITN stock traded as high as $47.87 and as low as $21.44.

The top ETF exchange traded funds that TITN belongs to (by Net Assets): PAVE, VTI, IWM, VXF, IWN.

TITN has underperformed the market in the last year with a price return of -26.1% while the SPY ETF gained +24.2%. TITN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -15.2% and -6.8%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

TITN support price is $22.67 and resistance is $23.59 (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 TITN stock will trade within this expected range on the day.