In the past week, IRBT stock has gone up by 12.07%, with a monthly decline of -8.64% and a quarterly plunge of -74.70%. The volatility ratio for the week is 12.11%, and the volatility levels for the last 30 days are 7.58% for Irobot Corp The simple moving average for the past 20 days is 6.29% for IRBT’s stock, with a -69.20% simple moving average for the past 200 days.
Is It Worth Investing in Irobot Corp (NASDAQ: IRBT) Right Now?
The 36-month beta value for IRBT is also noteworthy at 0.92. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for IRBT is 27.07M, and at present, short sellers hold a 34.86% of that float. The average trading volume of IRBT on April 08, 2024 was 3.17M shares.
IRBT) stock’s latest price update
Irobot Corp (NASDAQ: IRBT) has seen a rise in its stock price by 7.38 in relation to its previous close of 8.84. However, the company has experienced a 12.07% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-04 that Today, massive short-squeeze opportunities aren’t as common as they once were. The advent of rapid, high-frequency trading and automated management systems lets short sellers closely track a stock’s movement and jump into action before the conditions for a short squeeze fully materialize.
Analysts’ Opinion of IRBT
Many brokerage firms have already submitted their reports for IRBT stocks, with JP Morgan repeating the rating for IRBT by listing it as a “Underweight.” The predicted price for IRBT in the upcoming period, according to JP Morgan is $45 based on the research report published on May 06, 2022 of the previous year 2022.
Northland Capital, on the other hand, stated in their research note that they expect to see IRBT reach a price target of $85. The rating they have provided for IRBT stocks is “Outperform” according to the report published on March 24th, 2022.
JP Morgan gave a rating of “Neutral” to IRBT, setting the target price at $103 in the report published on July 29th of the previous year.
IRBT Trading at -14.92% from the 50-Day Moving Average
After a stumble in the market that brought IRBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.56% of loss for the given period.
Volatility was left at 7.58%, however, over the last 30 days, the volatility rate increased by 12.11%, as shares sank -8.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.02% lower at present.
During the last 5 trading sessions, IRBT rose by +12.04%, which changed the moving average for the period of 200-days by -80.84% in comparison to the 20-day moving average, which settled at $8.88. In addition, Irobot Corp saw -75.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IRBT starting from Angle Colin M, who sale 179,503 shares at the price of $11.46 back on Feb 29 ’24. After this action, Angle Colin M now owns 14,797 shares of Irobot Corp, valued at $2,057,356 using the latest closing price.
Stock Fundamentals for IRBT
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.21 for the gross margin
The net margin for Irobot Corp stands at -0.35. The total capital return value is set at -0.63. Equity return is now at value -90.66, with -38.84 for asset returns.
Based on Irobot Corp (IRBT), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at -0.56. The debt to equity ratio resting at 1.05. The interest coverage ratio of the stock is -262.41.
Currently, EBITDA for the company is -232.94 million with net debt to EBITDA at -0.2. When we switch over and look at the enterprise to sales, we see a ratio of 0.36. The receivables turnover for the company is 11.09for trailing twelve months and the total asset turnover is 1.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.
Conclusion
In summary, Irobot Corp (IRBT) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
