Itron Stock Story

ITRI
 Stock
  

USD 54.58  1.26  2.36%   

In general, we focus on analyzing Itron (NASDAQ:ITRI) price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Itron Inc daily price indicators and compare them against related drivers. Today's article will concentrate on Itron. We will evaluate why we are still confident in anticipation of a recovery.
Published over three months ago
View all stories for Itron | View All Stories

Will Itron (NASDAQ:ITRI) price continue dropping?

The company retains a Market Volatility (i.e., Beta) of 0.79, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Itron's beta means in this case. As returns on the market increase, Itron returns are expected to increase less than the market. However, during the bear market, the loss on holding Itron will be expected to be smaller as well. Even though it is essential to pay attention to Itron Inc current price history, it is always good to be careful when utilizing equity current price movements. Our philosophy towards determining any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Itron Inc exposes twenty-eight different technical indicators, which can help you to evaluate its performance. Itron Inc has an expected return of -0.34%. Please be advised to check out Itron value at risk, as well as the relationship between the skewness and day median price to decide if Itron Inc performance from the past will be repeated at some point in the near future.
The successful prediction of Itron stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Itron Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Itron based on Itron hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Itron's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Itron's related companies.

Use Technical Analysis to project Itron expected Price

Itron technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Itron technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Itron trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

What do experts say?

Stock analysis is a method for investors and traders to make buying and selling decisions. By studying and evaluating past and current data, investors and traders attempt to gain an edge in the markets by making informed decisions.
It is good to see analyst projects for Itron, but it might be worth checking our own buy vs. sell analysis

Sale by Marcolini John F of 199 shares of Itron

Legal trades by Itron insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Itron insider trading alert for sale of common stock by Marcolini John F, SVP Networked Solutions, on 6th of July 2022. This event was filed by Itron Inc with SEC on 2022-07-06. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

A Deeper Perspective

Itron Inc reported the previous year's revenue of 2.02 B. Net Loss for the year was (869 K) with profit before overhead, payroll, taxes, and interest of 602.17 M.
 2020 2021 2022 (projected)
Long Term Debt to Equity1.110.990.81
Interest Coverage1.211.391.43

Deferred Revenue Breakdown

Itron Deferred Revenue is increasing over the last several years with slightly volatile swings. Deferred Revenue is estimated to finish at about 83.2 M this year. Deferred Revenue usually refers to a component of Total Liabilities representing the carrying amount of consideration received or receivable on potential earnings that were not recognized as revenue; including sales; license fees; and royalties; but excluding interest income. Itron Deferred Revenue is most likely to increase significantly in the upcoming years. The last year's value of Deferred Revenue was reported at 82.82 Million
2015
2016
2017
2018
2019
2020
2021
2022
201573.3 Million
201664.98 Million
201741.44 Million
201893.62 Million
201999.56 Million
2020112.93 Million
202182.82 Million
202283.21 Million

Over 3 percent rise for Itron. What does it mean for stockholders?

Current coefficient of variation indicator falls down to -1148.66. Possible price rise? Itron Inc exhibits very low volatility with skewness of -0.97 and kurtosis of 3.49. However, we advise investors to further study Itron Inc technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Itron's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Itron's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Itron Implied Volatility

Itron's implied volatility exposes the market's sentiment of Itron Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Itron's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Itron stock will not fluctuate a lot when Itron's options are near their expiration.

Our Final Take On Itron

While some other firms in the scientific & technical instruments industry are either recovering or due for a correction, Itron may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 2nd of May 2022, our up-to-date 90 days buy-hold-sell advice on the company is Strong Hold. We believe Itron is undervalued with very low probability of distress for the next two years.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Itron Inc. Please refer to our Terms of Use for any information regarding our disclosure principles.

Would you like to provide feedback on the content of this article?

You can get in touch with us directly or send us a quick note via email to editors@macroaxis.com