Irobot Corp (NASDAQ:IRBT) price on Thursday, February 27, rose 0.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.59.
A look at the stock’s price movement, the close in the last trading session was $7.57. Turning to its 52-week performance, $14.51 and $5.83 were the 52-week high and 52-week low respectively. Overall, IRBT moved -5.01% over the past month.
Irobot Corp’s market cap currently stands at around $231.94 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 171M for the company’s revenue for the quarter, with a low and high estimate of 171M and 171M respectively. The average forecast suggests down to a -44.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 736.77M, representing a -17.27% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IRBT is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend IRBT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IRBT’s current price about -10.81% and -11.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.06, while 7-day volatility ratio is 8.64% and 8.84% in the 30-day chart. Further, Irobot Corp (IRBT) has a beta value of 0.86, and an average true range (ATR) of 0.78. Analysts have given the company’s stock an average 52-week price target of $65, forecast between a low of $45 and high of $85. Looking at the price targets, the low is -492.89% off current price level while to achieve the yearly target high, price needs to move -1019.89%. Nonetheless, investors will most likely welcome a -756.39% jump to $65 which is the analysts’ median price.
If we refocus on Irobot Corp (NASDAQ:IRBT), historical trading data shows that trading volumes averaged 1.83 million over the past 3 months. The company’s latest data on shares outstanding shows there are 30.56 million shares.
The 6.38% of Irobot Corp’s shares are in the hands of company insiders while institutional holders own 59.31% of the company’s shares. Current price change has pushed the stock -2.06% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IRBT stock continues to rise going into the next quarter.
