Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Titan Machinery Inc before investing.

In this article, we go over a few key elements for understanding Titan Machinery Inc’s stock price such as:

• Titan Machinery Inc’s current stock price and volume
• Why Titan Machinery Inc’s stock price changed recently
• Upgrades and downgrades for TITN from analysts
• TITN’s stock price momentum as measured by its relative strength

About Titan Machinery Inc (TITN)

Before we jump into Titan Machinery Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment dealer locations across three continents, including North America, Europe, and Australia servicing farmers, ranchers, and commercial applicators. The Company operates through segments: Agriculture, Construction, Europe, and Australia. It offers equipment and parts sales, equipment repair and maintenance services, and rental functions in each store. It sells new agricultural and construction equipment manufactured under the CNH Industrial family of brands as well as equipment from a variety of other manufacturers. The agricultural equipment it sells, and service includes machinery and attachments for uses ranging from large-scale commercial farming to home and garden purposes. The construction equipment it sells, and service includes heavy construction machinery, light industrial machinery for commercial and residential construction, and road and highway construction machinery.

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Titan Machinery Inc’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, Titan Machinery Inc’s stock price was $18.66.

Titan Machinery Inc is down 5.54% from its previous closing price of $19.75.

During the last market session, Titan Machinery Inc’s stock traded between $18.68 and $21.82. Currently, there are 22.51 million shares of Titan Machinery Inc stock available for purchase.

Titan Machinery Inc’s price-earnings (P/E) ratio is currently at 4.0, which is low compared to the Heavy Machinery & Vehicles industry median of 15.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Titan Machinery Inc Stock Price History

Titan Machinery Inc’s (TITN) price is currently down 16.2% so far this month.

During the month of May, Titan Machinery Inc’s stock price has reached a high of $24.28 and a low of $18.49.

Over the last year, Titan Machinery Inc has hit prices as high as $35.88 and as low as $18.68. Year to date, Titan Machinery Inc’s stock is down 53.05%.

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What Caused Titan Machinery Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 2 analysts who downgraded Titan Machinery Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Titan Machinery Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Titan Machinery Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Titan Machinery Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Titan Machinery Inc (TITN) by visiting AAII Stock Evaluator.

Relative Price Strength of Titan Machinery Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, Titan Machinery Inc has a weighted four-quarter relative price strength of -19.62%, which translates to a Momentum Score of 17 and is considered to be Very Weak.

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Titan Machinery Inc Stock Price: Bottom Line

As of May 24, 2024, Titan Machinery Inc’s stock price is $18.66, which is down 5.54% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Titan Machinery Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.