Irobot Corp (NASDAQ:IRBT) shares, rose in value, with the stock price up by 6.75% to the previous day’s close as strong demand from buyers drove the stock to $8.70.
Actively observing the price movement in the last trading, the stock closed the session at $8.15. The value of beta (5-year monthly) was 1.19. Referring to stock’s 52-week performance, its high was $51.49, and the low was $7.62. On the whole, IRBT has fluctuated by -14.71% over the past month.
With the market capitalization of Irobot Corp currently standing at about $243.25 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$2, which is expected to increase to -$1.14 for fiscal year -$3.64 and then to about -$1.42 by fiscal year 2025. Data indicates that the EPS growth is expected to be 52.90% in 2025, while the next year’s EPS growth is forecast to be 61.00%.
Analysts have estimated the company’s revenue for the quarter at $144.98 million, with a low estimate of $139.45 million and a high estimate of $155.77 million. According to the average forecast, sales growth in current quarter could jump down -9.60%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $829.81 million, representing a decrease of -6.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that IRBT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IRBT currently trading nearly -4.26% and -24.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.75, while the 7-day volatility ratio is showing 10.44% which for the 30-day chart, stands at 7.19%. Furthermore, Irobot Corp (IRBT)’s beta value is 0.93, and its average true range (ATR) is 0.78.
A comparison of Irobot Corp (IRBT) with its peers suggests the former has fared considerably weaker in the market. IRBT showed an intraday change of 6.75% in last session, and over the past year, it shrunk by -79.81%%.
Data on historical trading for Irobot Corp (NASDAQ:IRBT) indicates that the trading volumes over the past 10 days have averaged 2.0 million and over the past 3 months, they’ve averaged 3.08 million. According to company’s latest data on outstanding shares, there are 27.96 million shares outstanding.
Nearly 3.33% of Irobot Corp’s shares belong to company insiders and institutional investors own 77.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.44 million shares as on Mar 15, 2024, resulting in a short ratio of 3.84. According to the data, the short interest in Irobot Corp (IRBT) stood at 33.74% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.93 million. The stock has fallen by -77.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IRBT stock heading into the next quarter.
