Titan Machinery Inc (NASDAQ: TITN) stock enjoyed a major increase of 12.7% on 11/6/24. The shares closed at $15.65. Moreover, exceptionally high trading volume at 206% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 11.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TITN is expected to continue to be a modest Value Builder.
Titan Machinery has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Titan Machinery has a slightly positive Appreciation Score of 67 but a poor Power Rating of 22, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment