Why Should You Put Iteris Inc. (NASDAQ: ITI) On Your Portfolio?

Currently, there are 42.97M common shares owned by the public and among those 42.02M shares have been available to trade.

The company’s stock has a 5-day price change of 62.04% and 48.94% over the past three months. ITI shares are trading 34.62% year to date (YTD), with the 12-month market performance up to 54.53% higher. It has a 12-month low price of $3.97 and touched a high of $5.49 over the same period. ITI has an average intraday trading volume of 100.57K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 51.32%, 57.21%, and 50.87% respectively.

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Institutional ownership of Iteris Inc. (NASDAQ: ITI) shares accounts for 51.58% of the company’s 42.97M shares outstanding.

It has a market capitalization of $299.74M and a beta (3y monthly) value of 0.86. The stock’s trailing 12-month PE ratio is 219.44, while the earnings-per-share (ttm) stands at $0.03. The company has a PEG of 7.31 and a Quick Ratio of 1.44 with the debt-to-equity ratio at 0.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.14% over the week and 3.57% over the month.

Earnings per share for the fiscal year are expected to increase by 200.00%, and 64.29% over the next financial year.

Looking at the support for the ITI, a number of firms have released research notes about the stock. Maxim Group stated their Buy rating for the stock in a research note on April 30, 2024, with the firm’s price target at $11. Craig Hallum coverage for the Iteris Inc. (ITI) stock in a research note released on February 04, 2022 offered a Hold rating with a price target of $4.50. Dougherty & Company was of a view on August 27, 2019 that the stock is Buy, while JMP Securities gave the stock Mkt Outperform rating on January 25, 2018, issuing a price target of $10.50. Dougherty & Company on their part issued Buy rating on July 18, 2017.

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