Iteris (ITI) Stock Price, News & Analysis

Company Overview

Iteris, Inc. provides intelligent transportation systems technology solutions in North America, Europe, South America, and Asia. The company offers smart mobility infrastructure solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. Its products include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, TrafficCarma, Vantage Apex, Vantage Fusion, Vantage Next, VantagePegasus, VantageRadius, Vantage Vector, Velocity, SmartCycle, SmartCycle Bike Indicator, SmartSpan, VersiCam, PedTrax, and P-Series products. The company sells original equipment manufacturer products for the traffic intersection markets, such as traffic signal controllers and traffic signal equipment cabinets. In addition, it offers traffic management centers design, staffing, and operations services; traffic engineering and mobility consulting services include planning, design, development, and implementation of software and hardware-based ITS systems that integrate sensors, video surveillance, computers, and advanced communications equipment; distributes real-time information about traffic conditions; and surface transportation infrastructure systems implementation, and operation and management. Further, the company provides travel demand forecasting and systems engineering, and identify mitigation measures to reduce traffic congestion; ClearMobility platform; and ClearMobility Cloud that enables mobility data management engine, application programming interface framework, and microservices ecosystem. It serves public transportation agencies, municipalities, commercial entities, government agencies, and other transportation infrastructure providers. Iteris, Inc. was founded in 1969 and is headquartered in Austin, Texas.

Key Stats

• Today's Range: $7.19 to $7.20
• 50-Day Range: $7.05 to $7.20
• 52-Week Range: $4.00 to $7.20
• Volume: 632,597 shs
• Average Volume: 328,998 shs
• Market Capitalization: $307.88 million
• P/E Ratio: 239.75
• Dividend Yield: N/A
• Price Target: $9.10
• Consensus Rating: Hold

Iteris Stock Analysis - MarketRank™

Iteris scored higher than 69% of companies evaluated by MarketBeat, and ranked 296th out of 670 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Iteris has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Iteris has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 106.25%

Earnings Growth

Earnings for Iteris are expected to grow by 106.25% in the coming year, from $0.16 to $0.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Iteris is 239.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 135.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Iteris is 239.75, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 271.14.

Price to Book Value per Share Ratio

Iteris has a P/B Ratio of 4.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.51% of the outstanding shares of Iteris have been sold short.

Short Interest Ratio / Days to Cover

Iteris has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Iteris has recently increased by 50.26%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Iteris does not currently pay a dividend.

Dividend Growth

Iteris does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.51% of the outstanding shares of Iteris have been sold short.

Short Interest Ratio / Days to Cover

Iteris has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Iteris has recently increased by 50.26%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.74

News Sentiment

Iteris has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Iteris this week, compared to 2 articles on an average week.

Search Interest

Only 1 people have searched for ITI on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Iteris insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,329,617.00 in company stock.

Percentage Held by Insiders

Only 7.40% of the stock of Iteris is held by insiders.

Percentage Held by Institutions

51.16% of the stock of Iteris is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ITI Stock Analysis - Frequently Asked Questions

How have ITI shares performed this year?

Iteris' stock was trading at $5.20 at the beginning of 2024. Since then, ITI stock has increased by 38.3% and is now trading at $7.19.
View the best growth stocks for 2024 here.

How were Iteris' earnings last quarter?

Iteris, Inc. (NASDAQ:ITI) announced its quarterly earnings results on Thursday, August, 8th. The technology company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.01. The technology company earned $45.78 million during the quarter, compared to analysts' expectations of $44.02 million. Iteris had a trailing twelve-month return on equity of 2.02% and a net margin of 0.80%.

Who are Iteris' major shareholders?

Iteris' top institutional shareholders include Private Management Group Inc. (0.23%), Whittier Trust Co. (0.10%), Forum Financial Management LP (0.09%) and Azzad Asset Management Inc. ADV (0.05%). Insiders that own company stock include Samjo Management, Llc, J Joseph Bergera, Todd Kreter, William M Cousins, Gerard Mooney, Tom Thomas and Douglas L Groves.
View institutional ownership trends.

How do I buy shares of Iteris?

Shares of ITI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Iteris own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Iteris investors own include Tesla (TSLA), Advanced Micro Devices (AMD), JPMorgan Chase & Co. (JPM), Meta Platforms (META), NVIDIA (NVDA), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/31/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Communications equipment, not elsewhere classified
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ITI
• Previous Symbol: NYSE:ITI
• CUSIP: N/A
• CIK: 350868
• Web: www.iteris.com
• Phone: (512) 716-0808
• Fax: 949-270-9401
• Employees: 430
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $9.10
• High Stock Price Target: $11.00
• Low Stock Price Target: $7.20
• Potential Upside/Downside: +26.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.03
• Trailing P/E Ratio: 240.08
• Forward P/E Ratio: 45.00
• P/E Growth: N/A
• Net Income: $3.13 million
• Net Margins: 0.80%
• Pretax Margin: 0.97%
• Return on Equity: 2.02%
• Return on Assets: 1.16%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.77
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: $171.99 million
• Price / Sales: 1.79
• Cash Flow: $0.16 per share
• Price / Cash Flow: 44.30
• Book Value: $1.63 per share
• Price / Book: 4.42

Miscellaneous

• Outstanding Shares: 42,820,000
• Free Float: 39,654,000
• Market Cap: $308.30 million
• Optionable: Optionable
• Beta: 0.86