Itron (ITRI) has risen sharply, recording gains of 9.11% in the past 4 weeks. However, the stock has corrected -2.32% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.36% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 3.57% and the 50-Day Moving Average is 12.62%.The 200 Day SMA reached 28.23% Itron, Inc. is up 24.03% in the last 3-month period. Year-to-Date the stock performance stands at 45.38%.
Itron (ITRI) : The highest level Itron (ITRI) is projected to reach is $56 for the short term and the lowest estimate is at $50. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $53 and the possibility the share price can swing is $4.24.
For the current week, the company shares have a recommendation consensus of Buy. Itron (NASDAQ:ITRI): stock was range-bound between the intraday low of $52.57 and the intraday high of $53.67 after having opened at $53.52 on Fridays session. The stock finally closed in the red at $53.52, a loss of -1.85%. The stock remained in the red for the whole trading day. The total traded volume was 1,071,360 shares. The stock failed to cross $53.67 in Fridays trading. The stocks closing price on Thursday was $52.6.
Itron, Inc. (Itron) is a technology and service company, offering metering solutions to electric, natural gas, and water utilities around the world. The Company provides solutions that measure, manage, and analyze energy and water use. The Company operates in three segments: Electricity, which is the is the supplier of electricity metering solutions, including standard meters and advanced and smart metering systems; Gas, which is the supplier of gas metering solutions, including standard meters and advanced and smart metering systems, and Water, which is the supplier of standard and advanced water meters and communication modules. Its applications include residential and commercial industrial markets for water and heat. Its services include licensing meter data management and analytics software, managed services, software-as-service (hosted software), technical support services, licensing hardware technology and consulting services.