The price-to-earnings ratio for Itron Inc. (NASDAQ: ITRI) is above average at 26.22x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for ITRI is 44.47M, and currently, short sellers hold a 7.79% ratio of that floaft. The average trading volume of ITRI on September 20, 2024 was 619.08K shares.
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ITRI) stock’s latest price update
Itron Inc. (NASDAQ: ITRI) has seen a rise in its stock price by 3.35 in relation to its previous close of 102.93. However, the company has experienced a 6.87% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-19 that Itron announced the conference schedule for its premier customer-focused event, Itron Inspire 2024, which will be held in Palm Desert, CA, Oct. 4-10, 2024.
ITRI’s Market Performance
Itron Inc. (ITRI) has seen a 6.87% rise in stock performance for the week, with a 9.50% gain in the past month and a 8.03% surge in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 2.46% for ITRI. The simple moving average for the past 20 days is 6.06% for ITRI’s stock, with a 16.02% simple moving average for the past 200 days.
Analysts’ Opinion of ITRI
Many brokerage firms have already submitted their reports for ITRI stocks, with Exane BNP Paribas repeating the rating for ITRI by listing it as a “Outperform.” The predicted price for ITRI in the upcoming period, according to Exane BNP Paribas is $133 based on the research report published on September 05, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ITRI reach a price target of $125, previously predicting the price at $115. The rating they have provided for ITRI stocks is “Buy” according to the report published on August 02nd, 2024.
Guggenheim gave a rating of “Buy” to ITRI, setting the target price at $130 in the report published on July 11th of the current year.
ITRI Trading at 5.65% from the 50-Day Moving Average
After a stumble in the market that brought ITRI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.92% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares surge +6.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.38% upper at present.
During the last 5 trading sessions, ITRI rose by +6.87%, which changed the moving average for the period of 200-days by +54.08% in comparison to the 20-day moving average, which settled at $100.64. In addition, Itron Inc. saw 40.88% 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 ITRI starting from Ware Christopher E., who sale 92 shares at the price of $102.15 back on Aug 26 ’24. After this action, Ware Christopher E. now owns 15,189 shares of Itron Inc., valued at $9,398 using the latest closing price.
Reeves Donald L. III, the SVP, Outcomes of Itron Inc., sale 200 shares at $102.15 during a trade that took place back on Aug 26 ’24, which means that Reeves Donald L. III is holding 16,069 shares at $20,430 based on the most recent closing price.
Stock Fundamentals for ITRI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.33 for the gross margin
The net margin for Itron Inc. stands at 0.08. The total capital return value is set at 0.09. Equity return is now at value 15.35, with 6.49 for asset returns.
Based on Itron Inc. (ITRI), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.01. The interest coverage ratio of the stock is 28.1.
Currently, EBITDA for the company is 229.29 million with net debt to EBITDA at 1.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.18. The receivables turnover for the company is 7.42for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.16.
Conclusion
In a nutshell, Itron Inc. (ITRI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
