At the time of writing, Iteris Inc. [ITI] stock is trading at $7.05, saw in change for the day. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ITI shares have lost -0.28% over the last week, with a monthly amount glided 72.79%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Iteris Inc. [NASDAQ: ITI] stock has seen the most recent analyst activity on April 30, 2024, when Maxim Group initiated its Buy rating and assigned the stock a price target of $11. Previously, Craig Hallum downgraded its rating to Hold on February 04, 2022, and dropped its price target to $4.50. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $10.50 on January 25, 2018. Dougherty & Company initiated its recommendation with a Buy and recommended $8 as its price target on July 18, 2017. Craig Hallum started tracking with a Buy rating for this stock on February 02, 2017, and assigned it a price target of $9. In a note dated July 30, 2008, MDB Capital Group reiterated an Buy rating on this stock and revised its target price from $4.30 to $3.20.
For the past year, the stock price of Iteris Inc. fluctuated between $3.97 and $7.11. Currently, Wall Street analysts expect the stock to reach $8.33 within the next 12 months. Iteris Inc. [NASDAQ: ITI] shares were valued at $7.05 at the most recent close of the market. An investor can expect a potential return of 18.16% based on the average ITI price forecast.
Analyzing the ITI fundamentals
According to Iteris Inc. [NASDAQ:ITI], the company’s sales were 174.22M for trailing twelve months, which represents an 5.13% jump. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.11.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.04 points at the first support level, and at 7.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.07, and for the 2nd resistance point, it is at 7.08.
Ratios To Look Out For
It is important to note that Iteris Inc. [NASDAQ:ITI] has a current ratio of 1.77. Also, the Quick Ratio is 1.44, while the Cash Ratio stands at 0.49. Considering the valuation of this stock, the price to sales ratio is 1.73, the price to book ratio is 4.31 and price to earnings (TTM) ratio is 221.00.
Transactions by insiders
Recent insider trading involved Samjo Management, LLC, 10% Owner, that happened on Aug 09 ’24 when 1.2 million shares were sold. 10% Owner, Samjo Management, LLC completed a deal on Aug 12 ’24 to sell 0.85 million shares. Meanwhile, 10% Owner Samjo Management, LLC sold 59000.0 shares on Jun 14 ’24.
