During the last session, Irobot Corp (NASDAQ:IRBT)’s traded shares were 0.41 million, with the beta value of the company hitting 0.87. At the end of the trading day, the stock’s price was $8.22, reflecting an intraday loss of -0.84% or -$0.07. The 52-week high for the IRBT share is $42.14, that puts it down -412.65 from that peak though still a striking 29.08% gain since the share price plummeted to a 52-week low of $5.83. The company’s market capitalization is $248.49M, and the average intraday trading volume over the past 10 days was 0.65 million shares, and the average trade volume was 1.03 million shares over the past three months.
Irobot Corp (IRBT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.00. IRBT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Irobot Corp (NASDAQ:IRBT) trade information
Irobot Corp (IRBT) registered a -0.84% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.84% in intraday trading to $8.22, hitting a weekly high. The stock’s 5-day price performance is -3.29%, and it has moved by 15.13% in 30 days. Based on these gigs, the overall price performance for the year is -78.20%. The short interest in Irobot Corp (NASDAQ:IRBT) is 5.37 million shares and it means that shorts have 5.84 day(s) to cover.
The consensus price target of analysts on Wall Street is $65, which implies an increase of 87.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $45 and $85 respectively. As a result, IRBT is trading at a discount of -934.06% off the target high and -447.45% off the low.
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 up 4.71% during the last six months, with a year-to-date growth rate more than the industry average at 54.46% against 11.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 97.90% this quarter and then jump 95.60% in the quarter after that. In the rating firms’ projections, revenue will decrease -13.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 218.4M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 239.5M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 186.18M and 307.54M respectively. In this case, analysts expect current quarter sales to grow by 17.30% and then drop by -22.10% in the coming quarter.
While earnings are projected to return 53.49% in 2024, the next five years will return 29.00% per annum.
IRBT Dividends
Irobot Corp is due to release its next quarterly earnings on 2024-Nov-05. 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 4.30% of total outstanding shares while institutional holders control 68.07%, with the float percentage being 71.13%. AMERIPRISE FINANCIAL INC is the largest shareholder of the company, while 231.0 institutions own stock in it. As of 2024-06-30, the company held over 2.59 million shares (or 9.2086% of all shares), a total value of $23.63 million in shares.
The next largest institutional holding, with 2.23 million shares, is of BLACKROCK INC.’s that is approximately 7.9152% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $20.31 million.
