Alert: Negative Investment/Fundamental Signals (11/17/23)-Iteris Inc (NASDAQ: ITI)


Recent meaningful negative changes in fundamentals have affected Iteris Inc (NASDAQ: ITI). Negative developments: 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. Positive development: significant quarterly sales acceleration occurred.

Iteris Inc (NASDAQ: ITI). Important negative changes in investment behavior have recently occurred: its longer term price trend turned down.

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

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ITI is expected to continue to be a major Value Builder.

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 42 but a very low Appreciation Score of 14, triggering the Lowest Value Trend Rating.

Recent Price Action

Iteris Inc (NASDAQ: ITI) stock declined by -1.4% on 11/17/23. The shares closed at $4.32. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.

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