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NASDAQ:ITI

Iteris (ITI) Stock Price, News & Analysis

Iteris logo
$7.19
-0.01 (-0.14%)
(As of 10/31/2024 ET)

About Iteris Stock (NASDAQ:ITI)

Key Stats

Today's Range
$7.19
$7.20
50-Day Range
$7.05
$7.20
52-Week Range
$4.00
$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

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.

Iteris Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
69th Percentile Overall Score

ITI 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.

  • 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.

  • Read more about Iteris' stock forecast and price target.
  • 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.

  • Read more about Iteris' valuation and earnings.
  • 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 Yield

    Iteris does not currently pay a dividend.

  • Dividend Growth

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

  • 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 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.
  • 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.

  • Read more about Iteris' insider trading history.
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ITI Stock News Headlines

Iteris’ stockholders approve merger agreement with Almaviva
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ITI Stock Analysis - Frequently Asked Questions

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
.

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%.

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
.

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.

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

Industry
Communications equipment, not elsewhere classified
Sub-Industry
Electronic Equipment
Current Symbol
NASDAQ:ITI
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

Net Income
$3.13 million
Pretax Margin
0.97%

Debt

Sales & Book Value

Annual Sales
$171.99 million
Cash Flow
$0.16 per share
Book Value
$1.63 per share

Miscellaneous

Free Float
39,654,000
Market Cap
$308.30 million
Optionable
Optionable
Beta
0.86

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This page (NASDAQ:ITI) was last updated on 10/31/2024 by MarketBeat.com Staff
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