In today’s recent session, 1.7 million shares of the Irobot Corp (NASDAQ:IRBT) have been traded, and its beta is 0.80. Most recently the company’s share price was $7.60, and it changed around -$1.25 or -14.12% from the last close, which brings the market valuation of the company to $232.25M. IRBT at last check was trading at a discount to its 52-week high of $28.09, offering almost -269.61% off that amount. The share price’s 52-week low was $5.83, which indicates that the recent value has risen by an impressive 23.29% since then. We note from Irobot Corp’s average daily trading volume that its 10-day average is 3.19 million shares, with the 3-month average coming to 1.52 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 -0.71 for the current quarter.
Irobot Corp (NASDAQ:IRBT) trade information
Instantly IRBT has been showing red trend so far today with a performance of -14.12% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.66 on recent trading dayincreased the stock’s daily price by 21.33%. The company’s shares are currently down -1.94% year-to-date, but still down -7.09% over the last five days. On the other hand, Irobot Corp (NASDAQ:IRBT) is -12.54% down in the 30-day period. We can see from the shorts that 3.34 million shares have been sold at a short interest cover period of 3.27 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 88.31% 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 -25.78 percent over the past six months and at a 36.48% annual growth rate that is well above the industry average of 16.70%. The year-over-year growth rate is expected to be -17.27%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 171M in revenue for the current quarter. 2 analysts expect Irobot Corp to make 134.01M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 307.54M and 150.01M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -44.40%. Forecasts for the next quarter put sales growth at -10.67%.
IRBT Dividends
Irobot Corp’s next quarterly earnings report is expected to be released in February.
Irobot Corp (NASDAQ:IRBT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.87% of Irobot Corp shares, and 67.56% of them are in the hands of institutional investors. The stock currently has a share float of 71.02%. Irobot Corp stock is held by 229.0 institutions, with AMERIPRISE FINANCIAL INC being the largest institutional investor. By 2024-06-30, it held 9.2086% of the shares, which is about 2.59 million shares worth $23.63 million.
BLACKROCK INC., with 7.9152% or 2.23 million shares worth $20.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 925.79 shares worth $7.17 million, making up 3.03% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 734.64 shares worth around $5.69 million, which represents about 2.40% of the total shares outstanding.
