Moreover, the 36-month beta value for IRIX is 0.82. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IRIX is 12.08M and currently, short sellers hold a 2.60% of that float. On April 09, 2024, IRIX’s average trading volume was 33.67K shares.
IRIX) stock’s latest price update
IRIDEX Corp. (NASDAQ: IRIX)’s stock price has gone rise by 14.98 in comparison to its previous close of 3.07, however, the company has experienced a 18.06% increase 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
IRIX’s Market Performance
IRIDEX Corp. (IRIX) has experienced a 18.06% rise in stock performance for the past week, with a 33.71% rise in the past month, and a 20.48% rise in the past quarter. The volatility ratio for the week is 9.56%, and the volatility levels for the past 30 days are at 6.90% for IRIX. The simple moving average for the past 20 days is 31.69% for IRIX’s stock, with a 46.39% 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 32.49% 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 able to rebound, for now settling with 1.44% of gains for the given period.
Volatility was left at 6.90%, however, over the last 30 days, the volatility rate increased by 9.56%, as shares surge +35.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +32.21% upper at present.
During the last 5 trading sessions, IRIX rose by +18.06%, which changed the moving average for the period of 200-days by +64.95% in comparison to the 20-day moving average, which settled at $2.73. In addition, IRIDEX Corp. saw 25.62% 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:
- -0.19 for the present operating margin
- 0.42 for the gross margin
The net margin for IRIDEX Corp. stands at -0.18. The total capital return value is set at -0.47. 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 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -2.46. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 37.62.
Currently, EBITDA for the company is -7.97 million with net debt to EBITDA at 0.48. When we switch over and look at the enterprise to sales, we see a ratio of 1.02. The receivables turnover for the company is 5.37for trailing twelve months and the total asset turnover is 1.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.12.
Conclusion
To wrap up, the performance of IRIDEX Corp. (IRIX) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
