iRobot Corporation (NASDAQ:IRBT) concluded the trading on Wednesday, Sep 16, with a fall of -2.01% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $83.49 and 5Y monthly beta was reading 1.55 with its price kept floating in the range of $81.38 and $86.86 on the day. Company’s P/E ratio for the trailing 12 months is 24.27. Considering stock’s 52-week price range provides that IRBT hit a high price of $89.26 and saw its price falling to a low level of $32.79 during that period. Over a period of past 1-month, stock came adding 11.14% in its value.
With its current market valuation of $2.3 Billion, iRobot Corporation is set to declare its quarterly results on October 20, 2020. IRBT Stock’s Forward Dividend of 0 and its yield of 0 are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.93 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to $2.39 for 2020 with estimates of that growing to $1.89 in next year. These estimates are suggesting current year growth of -0.2% for EPS and -0.21% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $312.44 Million. They suggested that in the process company could generate revenue of as low as $300.97 Million which could climb up to $328.05 Million to hit a high. The average estimate is representing an increase of 8% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $1.23 Billion in 2020, which will be +1.3% more from revenue generated by the company last year.
In contrast, when we review IRBT stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of 100% Buy. Long term indicators are suggesting an average of 100% Buy for it.
According to ratings assigned by 8 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 6 of them are recommending iRobot Corporation (IRBT) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is 1, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the IRBT stock which is currently positioned at 1.35. It further provides that stock’s current price level is 8.54% away from its 20-day simple moving average and is 6.92% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 59.27 while volatility remained at 5.79% over the past week which changes to 4.67% when measuring it over the past month. Beta is valued at 1.55, while measure of average true range or ATR is currently at 3.7. In predicting price targets of as low as $66 and as high as $90, analysts are in agreement on assigning the stock over the next 12 months average price target of $81. Stock’s current price level is -19.33% above from estimated low price target while it is 10.01% below the estimated high; and even if the IRBT’s share succeeded to reach the median price of $84, then the outlook of +2.68% could come to the excitement of the investors.
In comparing iRobot Corporation (IRBT)’s stock with other industry players reveals that stock’s latest price change of -2.01% and that of +29% over the past 12 months is in competing position with that of Rockwell Automation Inc (ROK) which saw its stock price raised by 0.23% in the recent trading and went through an increase of 37.32% in past 12-month trading. Industry’s another major player Hollysys Automation (HOLI) has jumped 1.55% up in latest trading session, but over the past year has faced a fall of -31.35%. iRobot Corporation has a P/E ratio of 24.27 against that of Rockwell Automation Inc’s 34.17 while Hollysys Automation is showing 8.51 for the same. On the other hand, the S&P 500 Index is down -0.46% in the early deals today while the Dow Jones Industrial was dealing higher at 0.13%.
Having a second look at iRobot Corporation (NASDAQ:IRBT) provides that stock’s average daily trading volume for 3 months was 684.82 Million, while it jumped to 795.38 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 28.01 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 2.61% while it is 107.35% for the institutional holders. The figures also indicate that as of August 30, 2020, number of stock’s short shares was 10800000 which implies a short ratio of 21.24. This shows up a 38.58% of Short Interest in company’s outstanding shares on the day. In August the standing of shares short improved as it was 10.69 Million in the previous month. Addition of +61.58% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.