Itron Inc. (NASDAQ: ITRI) has a higher price-to-earnings ratio of 25.88x compared to its average ratio. ITRI has 36-month beta value of 1.47. Analysts have mixed views 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 44.46M, and currently, short sellers hold a 7.14% ratio of that float. The average trading volume of ITRI on October 18, 2024 was 556.83K shares.
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ITRI) stock’s latest price update
Itron Inc. (NASDAQ: ITRI) has seen a decline in its stock price by -4.20 in relation to its previous close of 109.60. However, the company has experienced a -1.35% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-16 that ITRI’s performance benefits from strong operational execution and robust demand trends across all business segments.
ITRI’s Market Performance
Itron Inc. (ITRI) has seen a -1.35% fall in stock performance for the week, with a 2.01% gain in the past month and a 3.30% surge in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are at 2.82% for ITRI. The simple moving average for the last 20 days is -1.35% for ITRI stock, with a simple moving average of 10.29% for the last 200 days.
Analysts’ Opinion of ITRI
Many brokerage firms have already submitted their reports for ITRI stocks, with Janney repeating the rating for ITRI by listing it as a “Buy.” The predicted price for ITRI in the upcoming period, according to Janney is $131 based on the research report published on September 27, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ITRI reach a price target of $133. The rating they have provided for ITRI stocks is “Outperform” according to the report published on September 05th, 2024.
TD Cowen gave a rating of “Buy” to ITRI, setting the target price at $125 in the report published on August 02nd of the current year.
ITRI Trading at 2.63% 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 -7.14% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares sank -1.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.35% upper at present.
During the last 5 trading sessions, ITRI fell by -1.35%, which changed the moving average for the period of 200-days by +39.78% in comparison to the 20-day moving average, which settled at $106.44. In addition, Itron Inc. saw 39.05% 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 Deitrich Thomas, who sale 37,500 shares at the price of $104.83 back on Oct 01 ’24. After this action, Deitrich Thomas now owns 205,276 shares of Itron Inc., valued at $3,930,998 using the latest closing price.
Deitrich Thomas, the Officer of Itron Inc., proposed sale 37,500 shares at $106.43 during a trade that took place back on Oct 01 ’24, which means that Deitrich Thomas is holding shares at $3,991,125 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 2.16. 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
To put it simply, Itron Inc. (ITRI) has had a better performance in recent times. Analysts have a mixed 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.
