TWI Stock Summary and Trading Ideas (Titan Intl | NYSE:TWI)

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives majority of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Titan Intl trades on the NYSE stock market under the symbol TWI.

As of April 19, 2024, TWI stock price climbed to $11.45 with 90,868 million shares trading.

TWI has a beta of 1.20, meaning it tends to be more sensitive to market movements. TWI has a correlation of 0.16 to the broad based SPY ETF.

TWI has a market cap of $831.70 million. This is considered a Small Cap stock.

Last quarter Titan Intl reported $390 million in Revenue and $.34 earnings per share. This fell short of revenue expectation by $-23 million and exceeded earnings estimates by $.06.

In the last 3 years, TWI stock traded as high as $19.81 and as low as $6.69.

The top ETF exchange traded funds that TWI belongs to (by Net Assets): IJR, CALF, VTI, IWM, AVUV.

TWI has underperformed the market in the last year with a price return of +5.0% while the SPY ETF gained +21.7%. TWI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.5% and -7.5%, respectively, while the SPY returned +4.7% and -3.1%, respectively.

TWI support price is $11.22 and resistance is $11.63 (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 TWI stock will trade within this expected range on the day.