Recent extremely meaningful negative changes in fundamentals have impacted Iteris Inc (NASDAQ: ITI): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for March, 2024 decreased significantly, and the consensus estimate for March, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ITI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Iteris has a current Value Trend Rating of F (Lowest Rating). This VT Rating improved modestly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Iteris has a neutral Power Rating of 49 but a very low Appreciation Score of 13, resulting in the Lowest Value Trend Rating.
Recent Price Action
On 5/10/24, Iteris Inc (NASDAQ: ITI) stock declined by -2.1%, closing at $4.60. However, trading volume in this decline was exceptionally low at 47% of normal. The stock has performed in line with the market over the last nine months and has risen 1.3% during the last week.
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