ITRI Stock Summary and Trading Ideas (Itron | NASDAQ:ITRI)

Itron Inc provides solutions that measure, manage, and analyze energy and water use. It operates under the Itron brand and manages and reports under three operating segments: Device Solutions, Networked Solutions, and Outcomes. The device Solutions segment includes hardware products used for measurement, control, or sense that do not have communications capability embedded for use with broader Itron systems. The networked Solutions segment includes a combination of communicating devices, network infrastructure, and associated application software designed and sold as a complete solution. The outcome segment includes their value-added, enhanced software and services which manage, organize, analyze, and interpret data to improve decision-making and maximize operational profitability.

Itron trades on the NASDAQ stock market under the symbol ITRI.

As of April 18, 2024, ITRI stock price declined to $90.49 with 258,295 million shares trading.

ITRI has a beta of 1.54, meaning it tends to be more sensitive to market movements. ITRI has a correlation of 0.17 to the broad based SPY ETF.

ITRI has a market cap of $4.15 billion. This is considered a Mid Cap stock.

Last quarter Itron reported $577 million in Revenue and $1.23 earnings per share. This beat revenue expectation by $7 million and exceeded earnings estimates by $.48.

In the last 3 years, ITRI stock traded as high as $102.32 and as low as $39.38.

The top ETF exchange traded funds that ITRI belongs to (by Net Assets): IJR, VTI, VB, IWM, VXF.

ITRI has outperformed the market in the last year with a price return of +69.3% while the SPY ETF gained +22.3%. ITRI has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +30.5% and +1.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

ITRI support price is $88.93 and resistance is $92.12 (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 ITRI stock will trade within this expected range on the day.