The stock of IRIDEX Corp. (NASDAQ: IRIX) has increased by 17.53 when compared to last closing price of 2.51.Despite this, the company has seen a gain of 22.92% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-26 that IRIDEX Corporation (IRIX) Q4 2023 Earnings Call Transcript
Is It Worth Investing in IRIDEX Corp. (NASDAQ: IRIX) Right Now?
Additionally, the 36-month beta value for IRIX is 0.81. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for IRIX is 12.08M and currently, short sellers hold a 2.60% ratio of that float. The average trading volume of IRIX on March 28, 2024 was 29.98K shares.
IRIX’s Market Performance
IRIX stock saw an increase of 22.92% in the past week, with a monthly gain of 16.14% and a quarterly increase of 17.06%. The volatility ratio for the week is 8.19%, and the volatility levels for the last 30 days are 5.22% for IRIDEX Corp. (IRIX). The simple moving average for the past 20 days is 15.82% for IRIX’s stock, with a 24.24% simple moving average for the past 200 days.
Analysts’ Opinion of IRIX
Singular Research gave a rating of “Buy” to IRIX, setting the target price at $11.50 in the report published on January 26th of the previous year.
IRIX Trading at 11.69% from the 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, the company was unable to rebound, for now settling with -15.23% of loss for the given period.
Volatility was left at 5.22%, however, over the last 30 days, the volatility rate increased by 8.19%, as shares surge +13.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.72% upper at present.
During the last 5 trading sessions, IRIX rose by +22.92%, which changed the moving average for the period of 200-days by +48.99% in comparison to the 20-day moving average, which settled at $2.57. In addition, IRIDEX Corp. saw 4.98% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for IRIX
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.43 for the gross margin
The net margin for IRIDEX Corp. stands at -0.14. The total capital return value is set at -0.34. Equity return is now at value -71.54, with -24.95 for asset returns.
Based on IRIDEX Corp. (IRIX), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at -2.54. The debt to equity ratio resting at 0.24. The interest coverage ratio of the stock is 5.25.
Currently, EBITDA for the company is -7.54 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 1.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
In conclusion, IRIDEX Corp. (IRIX) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
