Is IRIDEX Corporation (IRIX) A ‘Must-Own’ Growth Stock?

IRIDEX Corporation (NASDAQ:IRIX) went down by -3.14% from its latest closing price when compared to the 1-year high value of $4.24 and move down -110.95%, while IRIX stocks collected -1.43% of loss with the last five trading sessions. Press Release reported on 08/06/20 that IRIDEX Announces Second Quarter 2020 Financial Results

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IRIDEX Corporation (NASDAQ:IRIX) Worth an Investment?

IRIDEX Corporation (NASDAQ: IRIX) The 36 Months beta value for IRIX stocks is at 1.10, while 2 of the analysts out of 2 who provided ratings for IRIDEX Corporation stocks as a “buy” while 0 as overweight, 0 rated it as hold and 0 as sell. The average price we get from analysts is $4.75 which is -$2.01 below current price. IRIX currently has a short float of 1.40% and public float of 12.01M with average trading volume of 27.68K shares.

IRIX Market Performance

IRIX stocks went down by -1.43% for the week, with the monthly jump of 2.48% and a quarterly performance of -19.77%, while its annual performance rate touched -17.20%. The simple moving average for the period of the last 20 days is -7.60% for IRIX stocks with the simple moving average of -9.73% for the last 200 days.

Analysts’ Opinion on IRIDEX Corporation (NASDAQ:IRIX)

Singular Research gave “Buy” rating to IRIX stocks, setting the target price at $11.50 in the report published on January 26, 2016.

IRIX Stocks -5.84% Far from 50 Day Moving Average

After a stumble in the market that brought IRIX to its low price for the period of the last 52 weeks, IRIDEX Corporation was unable to take a rebound, for now settling with -52.71% of loss for the given period.

The stock volatility was left at 8.77%, however, within the period of a single month, the volatility rate increased by 4.59%, while the shares sank at the distance of -3.59% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -4.50% lower at the present time.

In the course of the last 5 trading sessions, IRIX went down by -4.05%, which changed the moving average for the period of 200 days to the total of -0.25% of losses for the stock in comparison to the 20-day moving average settled at $2.17. In addition, IRIDEX Corporation saw -7.17% in overturn over the period of a single year with a tendency to cut further losses.

IRIX Stock Insider Trading

Reports are indicating that there were more than several insider trading activities at IRIDEX Corporation (IRIX), starting from Grove Robert Earle, who bought 15,125 shares at the price of $1.68 back on May 15. After this action, Rushing now owns 67,952 shares of IRIDEX Corporation, valued at $25,446 with the latest closing price.

Grove Robert Earle, the Director of IRIDEX Corporation, bought 14,600 shares at the value of $2.04 during a trade that took place back on Nov 18, which means that Grove Robert Earle is holding 52,827 shares at the value of $29,749 based on the most recent closing price.

IRIX Stock Fundamentals

The current profitability levels are settled at -20.66 for the present operating margin and +41.25 for gross margin. The net margin for IRIDEX Corporation stands at -20.28. Total capital return value is set at -32.12, while invested capital returns managed to touch -32.36. Equity return holds the value -35.90%, with -23.80% for asset returns.

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Based on IRIDEX Corporation (IRIX), the company’s capital structure generated 14.13 points for debt to equity in total, while total debt to capital is set at the value of 12.38.

The value for Enterprise to Sales is 0.52 with debt to enterprise value settled at 0.14. The receivables turnover for IRIDEX Corporation is 4.72 with the total asset turnover at the value of 1.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.

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