Iteris Inc (NASDAQ: ITI) stock enjoyed a major increase of 63.6% on 8/9/24. The shares closed at $7.00. Moreover, exceptionally high trading volume at 3919% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 53.8% during the last week.
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). 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 41 but a very low Appreciation Score of 10, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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