How to Buy International Game Technology Stock
International Game Technology PLC
International Game Technology is a gambling company located in United Kingdom, which is part of the Consumer Cyclical sector, and is traded under the ticker IGT on the NYSE exchange.
International Game Technology stock last closed at $20.51, up 0.39% from the previous day, and has decreased 28.01% in one year. It has underperformed other stocks in the Gambling industry by 0.43 percentage points. International Game Technology stock is currently +4.96% from its 52-week low of $19.54, and -39.66% from its 52-week high of $33.99.
At the moment, there are 200.48M IGT shares outstanding. The market capitalization of IGT is $4.11B. In the last 24 hours, 1.28M IGT shares were traded.
How to Buy International Game Technology Stock
Not sure how to invest in International Game Technology stock? Here's how.
- Choose where to buy International Game Technology stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you determine where to buy International Game Technology stock.
- Open your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your investment account: Choose your payment method and add your details.
- Evaluate International Game Technology stock: The International Game Technology ticker symbol is IGT. Is International Game Technology stock a good investment? Should you buy shares of IGT? How do IGT's underlying business fundamentals look? Do top analysts think International Game Technology is a good buy? Why has IGT's stock price moved recently? (Hint: Our stock market research website can help you understand if IGT is a good stock to buy).
- Make your IGT trade: Decide if you will purchase IGT shares at the current market price or use a limit order to buy IGT shares at a given price.
- Keep tabs on your IGT position: Create a watchlist to keep tabs on your new investment in International Game Technology stock.
Step 1: Choose where to buy International Game Technology stock
You need a brokerage account in order to access the NYSE market and buy IGT shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal info so you are able to invest in IGT today.
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- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new brokerage account.
- Submit your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you've opened your account on the best stock trading app, you can securely and quickly fund your account:
Check out the tutorial below for more details depositing funds into your brokerage account.
Step 4: Evaluate International Game Technology stock
Once you have identified the best place to buy International Game Technology stock, it's very important to analyze their stock prior to investing, so you truly comprehend the risk as well as the opportunity.
International Game Technology shares at a glance
IGT Fundamentals
WallStreetZen was designed to help part-time investors do better fundamental analysis in less time.
You can see all of the due diligence checks on IGT's stock page.
What is the fair value of IGT stock?
Investors use many financial metrics, analyses, models, and charts to gauge IGT's intrinsic value.
Using relative valuations methods:
- IGT could be undervalued based on its P/E ratio of 24.19x, relative to Gambling industry P/E ratio of -4.24x
- IGT could be undervalued based on its P/B ratio of 2.62x, relative to Gambling industry P/B ratio of 5.26x
- IGT may be undervalued based on its PEG ratio of 0.17x
You can do more valuation research on IGT's stock here.
IGT Financial Summary
Passed Health Checks:
- Total IGT debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than short-term liabilities on the IGT balance sheet.
Failed Health Checks:
- IGT profit margin has gone down from 6.5% to 3.6% in the past year.
- IGT has a relatively high debt to equity ratio of 5.9.
- IGT's operating cash flow of $1.13B allows it to safely service it's debt of $6.40B.
- There are more long-term liabilities than short-term assets on the IGT balance sheet.
- IGT earnings of $829.35M is not sufficient to cover its interest payments.
Do analysts think it's a good time to buy IGT stock
Out of 6 Equities analysts who give recommendations on IGT, the consensus analyst rating on IGT is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent IGT Analyst Ratings
Joseph Stauff, a top 5% analyst from Susquehanna maintains IGT with a strong buy rating and lowers their IGT price target from $50.00 to $48.00, on Nov 2, 2023.
You can dive deeper into what analysts are saying on the International Game Technology stock forecast page.
IGT Technical Indicators
How are IGT Revenues/Earnings doing?
Last year, IGT earnings were $169.57M. Over the last two year, IGT's earnings have grown by -43.02% per year. This was slower than the Gambling industry average of -5.99%.
Last year, IGT revenue was $4.68B. Over the last 5 year, IGT's revenue has gone up by 0.91% per year. This was slower than the Gambling industry average of 30.28%.
Dig into IGT's earnings and revenue performance here.
Who is buying/selling IGT?
Over the last 12 months, executives and large shareholders at IGT have not bought or sold any shares.
Research more about who owns IGT stock here.
Can I get consistent income from IGT stock?
International Game Technology pays a dividend of 3.9%, compared to the Gambling industry's average dividend yield of 1.81%. If you owned $1,000 worth of IGT stock, you would have been paid $39.01 in the past 12 months.
International Game Technology dividend payments have not consistently grown over the past 9 years but have remained stable.
Get more data about International Game Technology dividend yield and history here.
IGT Social Trading Data
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Step 5: Make your IGT trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Press the Open button and eToro will place the order.
If you require more assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your IGT position
Now that you own some IGT shares, you'll want to keep up with your new investment.
Create a watchlist to track your IGT stock.
IGT Feed
How to Buy Stock in International Game Technology
To reiterate, here are the 6 steps you need to take to buy International Game Technology stock right now:
- Choose where to buy International Game Technology stock
- Open your brokerage account
- Fund your investment account
- Evaluate International Game Technology stock
- Make your IGT trade
- Keep tabs on your IGT position
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in International Game Technology, click below.
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