ITI Stock Summary and Trading Ideas (Iteris | NASDAQ:ITI)

Iteris Inc is a provider of smart mobility infrastructure management solutions. Its solutions include traveler information systems, transportation performance measurement software, traffic analytics software, transportation operations software, transportation-related data sets, advanced sensing devices, managed services, traffic engineering services, and mobility consulting services. The company's cloud-enabled end-to-end solutions help public transportation agencies, municipalities, commercial entities and other transportation infrastructure providers monitor, visualize, and optimize mobility infrastructure to make mobility safe, efficient,and sustainable for everyone. The software solutions include ClearGuide, ClearRoute, Commercial Vehicle Operations, BlueArgus, TrafficCarma,and others.

Iteris trades on the NASDAQ stock market under the symbol ITI.

As of April 24, 2024, ITI stock price declined to $4.47 with 114,879 million shares trading.

ITI has a beta of 0.64, meaning it tends to be less sensitive to market movements. ITI has a correlation of 0.04 to the broad based SPY ETF.

ITI has a market cap of $191.20 million. This is considered a Micro Cap stock.

Last quarter Iteris reported $42 million in Revenue and $.01 earnings per share. This beat revenue expectation by $389,000 and met earnings estimates .

In the last 3 years, ITI stock traded as high as $7.77 and as low as $2.40.

The top ETF exchange traded funds that ITI belongs to (by Net Assets): VTI, IWM, VXF, IWO, IWN.

ITI has underperformed the market in the last year with a price return of +5.9% while the SPY ETF gained +24.2%. ITI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -10.2% and -7.5%, respectively, while the SPY returned +4.6% and -2.7%, respectively.

ITI support price is $4.44 and resistance is $4.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITI stock will trade within this expected range on the day.