iRobot Corporation (NASDAQ:IRBT) traded at $89.79 at last check on Tuesday, May 04, made a downturn move of -13.63% on its previous day’s price.
Looking at the stock we see that its previous close was $103.96 and the beta (5Y monthly) reads 1.26 with the day’s price range being $89.09 – 94.77. The company has a trailing 12-month PE ratio of 20.15. In terms of its 52-week price range, IRBT has a high of $197.4 and a low of $57.75. The company’s stock has gained about -14.57% over that past 30 days.
iRobot Corporation has a market cap of $3.01 Billion and is expected to release its quarterly earnings report on July 27, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the IRBT stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.35, with the EPS growth for the year declined at $3.22 for 2021 and $5.32 for next year. These figures represent -0.22% and 0.65% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $344.16 Million, with a low of $318Million and a high of $368Million. The median projection represents growth adding up to 23% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $1.65 Billion, or +15.1% up from figures reported last year.
On the other hand, looking at the outlook for the IRBT stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.
Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 6 have rated the iRobot Corporation (IRBT) stock as a Hold, while 1 rate it as a Buy. None analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the IRBT stock currently stands at 1.12, and the most recent price level today is -21.17% off its SMA20 and -23.44% from its 50-day simple moving average. The RSI (14) is pointing at 22.97 while the volatility over the past week is 3.67% and drops to 3.39% over the past one month. The beta value is 1.26, while the average true range (ATR) is currently pointing at 4.4. The average price target for the stock over the next 12 months is $142.2, with the estimates having a low of $115 and a high of $166. These price ends are 28.08% and +84.88% off the today’s price level respectively, although investors could be excited at the prospect of a +55.92% if the IRBT share price touches on the median price of $140.
Let’s briefly compare iRobot Corporation (IRBT) stock to its peers. We find that today’s price change of -13.63% and +75.02% over the past 12 months for IRBT competes that of Rockwell Automation Inc (ROK), which has seen its stock price rise 0.34% in the latest trading session and is +42.57% over the last one year. Another of its peers Hollysys Automation (HOLI) has dropped -3.01% today, but was -1.09% down over the past year, while 2nd Resistance Point (3rd Resistance Point) is also down -13.63% yet, while its price remains in the green at 75.02% over the same period. iRobot Corporation has a P/E ratio of 20.15 compared to Rockwell Automation Inc’s 19.25 and Hollysys Automation’s 12.22. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.21% and -0.62%, respectively, in early deals.
Coming back to iRobot Corporation (NASDAQ:IRBT), we note that the average 3-month trading volume was 1.13 Million, while that of the preceding 10-day period stands at 482.02 Million. Current shares outstanding are 28.39 Million.
According to data from Thomson Reuters, insiders hold 1.86% of the company’s shares while institutions hold 100.99%. The data shows that short shares as of April 14, 2021, stood at 4.77 Million at a short ratio of 11.52. This represents a 16.78% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 5.66 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +29.48% up in year-to-date price movement.