We Just Learned Something New About Irobot Corp (NASDAQ: IRBT) This Week With Its 4.22% Gain

During the last session, Irobot Corp (NASDAQ:IRBT)’s traded shares were 6.28 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $8.15, reflecting an intraday gain of 1.87% or $0.15. The 52-week high for the IRBT share is $51.49, that puts it down -531.78 from that peak though still a striking 4.05% gain since the share price plummeted to a 52-week low of $7.82. The company’s market capitalization is $227.87M, and the average intraday trading volume over the past 10 days was 2.0 million shares, and the average trade volume was 2.98 million shares over the past three months.

Irobot Corp (NASDAQ:IRBT) trade information

Irobot Corp (IRBT) registered a 1.87% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.87% in intraday trading to $8.15, hitting a weekly high. The stock’s 5-day price performance is 4.22%, and it has moved by -24.19% in 30 days. Based on these gigs, the overall price performance for the year is -81.32%. The short interest in Irobot Corp (NASDAQ:IRBT) is 9.44 million shares and it means that shorts have 3.84 day(s) to cover.

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Irobot Corp (IRBT) estimates and forecasts

Statistics show that Irobot Corp has outperformed its competitors in share price, compared to the industry in which it operates. Irobot Corp (IRBT) shares have gone down -78.99% during the last six months, with a year-to-date growth rate more than the industry average at 54.72% against 4.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -19.80% this quarter and then jump 2.80% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.80% compared to the previous financial year.

Revenue for the current quarter is expected to be $144.98 million as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $167.01 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $160.29 million and $236.57 million respectively. In this case, analysts expect current quarter sales to shrink by -9.60% and then drop by -29.40% in the coming quarter.

While earnings are projected to return 52.87% in 2024, the next five years will return 29.00% per annum.

IRBT Dividends

Irobot Corp is due to release its next quarterly earnings between May 07 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Irobot Corp (NASDAQ:IRBT)’s Major holders

Irobot Corp insiders own 2.14% of total outstanding shares while institutional holders control 81.92%, with the float percentage being 83.71%. Blackrock Inc. is the largest shareholder of the company, while 307 institutions own stock in it. As of Jun 29, 2023, the company held over 4.68 million shares (or 16.89% of all shares), a total value of $211.63 million in shares.

The next largest institutional holding, with 2.93 million shares, is of Vanguard Group Inc’s that is approximately 10.59% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $132.72 million.

Also, the Mutual Funds coming in first place with the largest holdings of Irobot Corp (IRBT) shares are iShares Core S&P Smallcap ETF and Primecap Odyssey Growth Fund. Data provided on Sep 29, 2023 indicates that iShares Core S&P Smallcap ETF owns about 1.86 million shares. This amounts to just over 6.73 percent of the company’s overall shares, with a $70.61 million market value. The same data shows that the other fund manager holds slightly less at 1.04 million, or about 3.76% of the stock, which is worth about $41.62 million.