In the last trading session, 1.11 million shares of the Irobot Corp (NASDAQ:IRBT) were traded, and its beta was 0.91. Most recently the company’s share price was $8.76, and it changed around $0.17 or 1.98% from the last close, which brings the market valuation of the company to $244.93M. IRBT currently trades at a discount to its 52-week high of $51.49, offering almost -487.79% off that amount. The share price’s 52-week low was $7.82, which indicates that the current value has risen by an impressive 10.73% since then. We note from Irobot Corp’s average daily trading volume that its 10-day average is 2.35 million shares, with the 3-month average coming to 2.95 million.
Irobot Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended IRBT as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Irobot Corp is expected to report earnings per share of -$2 for the current quarter.
Irobot Corp (NASDAQ:IRBT) trade information
Instantly IRBT has showed a green trend with a performance of 1.98% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -77.36% year-to-date, but still up 4.29% over the last five days. On the other hand, Irobot Corp (NASDAQ:IRBT) is -22.41% down in the 30-day period. We can see from the shorts that 9.44 million shares have been sold at a short interest cover period of 3.84 day(s).
The consensus price target as assigned by Wall Street analysts is $65, which translates to bulls needing to increase their stock price by 86.52% from its current value. Analyst projections state that IRBT is forecast to be at a low of $45 and a high of $85.
Irobot Corp (IRBT) estimates and forecasts
Irobot Corp share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -77.70 percent over the past six months and at a 54.72% annual growth rate that is well above the industry average of 4.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -19.80% in revenue this quarter, and will report an increase of 2.80% in the next quarter. The year-over-year growth rate is expected to be -6.80%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $144.98 million in revenue for the current quarter. 3 analysts expect Irobot Corp to make $167.01 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $160.29 million and $236.57 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.60%. Forecasts for the next quarter put sales growth at -29.40%.
Irobot Corp earnings are expected to increase by 52.87% in 2024, but the outlook is positive 29.00% per year for the next five years.
IRBT Dividends
Irobot Corp’s next quarterly earnings report is expected to be released around May 07 and May 13.
Irobot Corp (NASDAQ:IRBT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.14% of Irobot Corp shares, and 79.68% of them are in the hands of institutional investors. The stock currently has a share float of 81.43%. Irobot Corp stock is held by 308 institutions, with Blackrock Inc. being the largest institutional investor. By Jun 29, 2023, it held 16.89% of the shares, which is about 4.68 million shares worth $211.63 million.
Vanguard Group Inc, with 10.59% or 2.93 million shares worth $132.72 million as of Jun 29, 2023, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Primecap Odyssey Growth Fund were the top two Mutual Funds as of Sep 29, 2023. The former held 1.86 million shares worth $70.61 million, making up 6.73% of all outstanding shares. On the other hand, Primecap Odyssey Growth Fund held roughly 1.04 million shares worth around $41.62 million, which represents about 3.76% of the total shares outstanding.
