While Triumph Group Inc. has underperformed by -6.76%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TGI rose by 63.38%, with highs and lows ranging from $17.87 to $7.00, whereas the simple moving average fell by -15.62% in the last 200 days.
On September 24, 2024, BofA Securities Downgraded Triumph Group Inc. (NYSE: TGI) to Underperform. A report published by Truist on August 21, 2024, Downgraded its rating to ‘Hold’ for TGI. Goldman also Downgraded TGI shares as ‘Neutral’, setting a target price of $15 on the company’s shares in a report dated August 13, 2024. Jefferies August 12, 2024d the rating to Hold on August 12, 2024, and set its price target from $20 to $14. TD Cowen May 28, 2024d its ‘Buy’ rating to ‘Hold’ for TGI, as published in its report on May 28, 2024. JP Morgan’s report from April 15, 2024 suggests a price prediction of $17 for TGI shares, giving the stock a ‘Neutral’ rating. Wolfe Research also rated the stock as ‘Outperform’.
Analysis of Triumph Group Inc. (TGI)
Further, the quarter-over-quarter decrease in sales is -14.10%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Triumph Group Inc.’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 1.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and TGI is recording an average volume of 831.63K. On a monthly basis, the volatility of the stock is set at 3.64%, whereas on a weekly basis, it is put at 3.65%, with a loss of -2.77% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.44, showing growth from the present price of $12.27, which can serve as yet another indication of whether TGI is worth investing in or should be passed over.
How Do You Analyze Triumph Group Inc. Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 96.36% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TGI shares are owned by institutional investors to the tune of 96.36% at present.
