Unpacking Q3 Earnings Mirion In The Context Of Other Inspection Instruments Stocks
| ITRI Stock | USD 107.07 1.71 1.62% |
Under 54% of Itron's traders are presently thinking to get in. The analysis of overall sentiment of trading Itron Inc stock suggests that some investors are interested at this time. Itron's investing sentiment shows overall attitude of investors towards Itron Inc.
Itron |
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Lets take a look at how Mirion and the rest of the inspection instruments stocks fared in Q3.
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Itron Fundamental Analysis
We analyze Itron's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Itron using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Itron based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Book Value Per Share
Book Value Per Share Comparative Analysis
Itron is currently under evaluation in book value per share category among its peers. Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.
Itron Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Itron stock to make a market-neutral strategy. Peer analysis of Itron could also be used in its relative valuation, which is a method of valuing Itron by comparing valuation metrics with similar companies.
Peers
Itron Related Equities
| MLAB | Mesa Laboratories | 5.04 | ||||
| COHR | Coherent | 5.00 | ||||
| VNT | Vontier Corp | 4.11 | ||||
| FTV | Fortive Corp | 2.31 | ||||
| MKSI | MKS Instruments | 1.77 | ||||
| ESE | ESCO Technologies | 1.48 | ||||
| TDY | Teledyne Technologies | 1.38 | ||||
| NOVT | Novanta | 1.05 | ||||
| ST | Sensata Technologies | 0.50 | ||||
| VPG | Vishay Precision | 2.57 |
Complementary Tools for Itron Stock analysis
When running Itron's price analysis, check to measure Itron's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Itron is operating at the current time. Most of Itron's value examination focuses on studying past and present price action to predict the probability of Itron's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Itron's price. Additionally, you may evaluate how the addition of Itron to your portfolios can decrease your overall portfolio volatility.
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