In the past week, ITI stock has gone up by 0.28%, with a monthly gain of 74.63% and a quarterly surge of 58.26%. The volatility ratio for the week is 0.41%, and the volatility levels for the last 30 days are 0.86% for Iteris Inc. The simple moving average for the past 20 days is 2.60% for ITI’s stock, with a 44.70% simple moving average for the past 200 days.
Is It Worth Investing in Iteris Inc. (NASDAQ: ITI) Right Now?
Iteris Inc. (NASDAQ: ITI) has a higher price-to-earnings ratio of 222.26x compared to its average ratio. ITI has 36-month beta value of 0.86. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ITI is 42.00M, and currently, short sellers hold a 0.84% ratio of that float. The average trading volume of ITI on September 06, 2024 was 672.14K shares.
ITI) stock’s latest price update
Iteris Inc. (NASDAQ: ITI)’s stock price has increased by 0.28 compared to its previous closing price of 7.07. However, the company has seen a 0.28% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-05 that NEW YORK, Sept. 05, 2024 (GLOBE NEWSWIRE) — Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Iteris, Inc. (Nasdaq : ITI ), relating to its proposed merger with Almaviva S.p.A. Under the terms of the agreement, Iteris shares will automatically be converted into the right to receive $7.20 in cash.
Analysts’ Opinion of ITI
Many brokerage firms have already submitted their reports for ITI stocks, with Maxim Group repeating the rating for ITI by listing it as a “Buy.” The predicted price for ITI in the upcoming period, according to Maxim Group is $11 based on the research report published on April 30, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see ITI reach a price target of $4.50, previously predicting the price at $6. The rating they have provided for ITI stocks is “Hold” according to the report published on February 04th, 2022.
Dougherty & Company gave a rating of “Buy” to ITI, setting the target price at $6.50 in the report published on August 27th of the previous year.
ITI Trading at 29.37% from the 50-Day Moving Average
After a stumble in the market that brought ITI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.28% of loss for the given period.
Volatility was left at 0.86%, however, over the last 30 days, the volatility rate increased by 0.41%, as shares surge +65.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +68.17% upper at present.
During the last 5 trading sessions, ITI rose by +0.14%, which changed the moving average for the period of 200-days by +63.89% in comparison to the 20-day moving average, which settled at $7.05. In addition, Iteris Inc. saw 36.35% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ITI starting from Samjo Management, LLC, who sale 1,200,000 shares at the price of $7.00 back on Aug 09 ’24. After this action, Samjo Management, LLC now owns 5,013,300 shares of Iteris Inc., valued at $8,394,000 using the latest closing price.
Samjo Management, LLC, the 10% Owner of Iteris Inc., sale 848,300 shares at $6.99 during a trade that took place back on Aug 12 ’24, which means that Samjo Management, LLC is holding 4,165,000 shares at $5,929,617 based on the most recent closing price.
Stock Fundamentals for ITI
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.37 for the gross margin
The net margin for Iteris Inc. stands at 0.01. The total capital return value is set at 0.01. Equity return is now at value 2.05, with 1.15 for asset returns.
Based on Iteris Inc. (ITI), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -15.76.
Currently, EBITDA for the company is 6.66 million with net debt to EBITDA at -2.8. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 4.46for trailing twelve months and the total asset turnover is 1.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.77.
Conclusion
To put it simply, Iteris Inc. (ITI) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
