Itron Inc. (NASDAQ:ITRI) shares traded higher over the last trading session, gaining 0.35% on 02/12/21. The shares fell to a low of $100.44 before closing at $103.68. Intraday shares traded counted 0.2 million, which was 40.7% higher than its 30-day average trading volume of 329.44K. ITRI’s previous close was $103.32 while the outstanding shares total 40.34M. The firm has a beta of 1.26. The stock’s Relative Strength Index (RSI) is 63.16, with weekly volatility at 3.37% and ATR at 3.85. The ITRI stock’s 52-week price range has touched low of $40.48 and a $108.89 high.
Investors have identified the Scientific & Technical Instruments company Itron Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.17 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Itron Inc. (ITRI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ITRI, the company has in raw cash 586.17 million on their books with 21.41 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.35 billion total, with 586.71 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.09 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ITRI sounds very interesting.
Is the stock of ITRI attractive?
In related news, Director, Ziegler Lynda L. sold 457 shares of the company’s stock in a transaction that recorded on Jan 25. The sale was performed at an average price of 98.12, for a total value of 44,841. As the sale deal closes, the Director, GLANVILLE THOMAS S now sold 1,000 shares of the company’s stock, valued at 78,360. Also, Director, GLANVILLE THOMAS S sold 1,000 shares of the company’s stock in a deal that was recorded on Nov 16. The shares were price at an average price of 76.18 per share, with a total market value of 76,180. Following this completion of acquisition, the Director, GLANVILLE THOMAS S now holds 1,000 shares of the company’s stock, valued at 74,090. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
6 out of 10 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Itron Inc.. 1 analysts has assigned a Sell rating on the ITRI stock. The 12-month mean consensus price target for the company’s shares has been set at $87.11.