Recent Price Action
On 11/30/23, Titan Machinery Inc (NASDAQ: TITN) stock suffered a major decline of -10.3%, closing at $22.86. Moreover, trading volume in this decline was exceptionally high at 505% of normal. Relative to the market the stock has been weak over the last nine months and has declined -13.9% during the last week.
Current PriceTarget Research Rating
TITN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Titan Machinery has a current Value Trend Rating of B (Positive). With this rating, PTR's two proprietary measures of a stock's current attractiveness are providing inconsistent signals. Titan Machinery has a very high Appreciation Score of 90 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.