Irobot Corp (IRBT) Stock Could Soon Reward Patient Investors

Irobot Corp (NASDAQ: IRBT) is -64.73% lower on its value in year-to-date trading and has touched a low of $11.82 and a high of $51.49 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IRBT stock was last observed hovering at around $13.16 in the last trading session, with the day’s gains setting it 0.49%.

Currently trading at $13.65, the stock is -25.73% and -54.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing 3.72% at the moment leaves the stock -62.29% off its SMA200. IRBT registered -67.34% loss for a year compared to 6-month loss of -65.04%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of -$1.61.

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The stock witnessed a -54.12% gain in the last 1 month and extending the period to 3 months gives it a -54.74%, and is 4.92% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.96% over the week and 9.63% over the month.

Profit margin for the company is -35.57%. Distance from 52-week low is 15.48% and -73.49% from its 52-week high. The company has generated returns on investments over the last 12 months (-66.88%).

Irobot Corp quarterly earnings per share for the current quarter are estimated at -$2.11 with sales reaching $307.99M over the same period.The EPS is expected to shrink by -85.44% this year, but quarterly earnings will post -24.70% year-over-year. Quarterly sales are estimated to shrink -13.90% in year-over-year returns.

Irobot Corp (IRBT) Top Institutional Holders

311 institutions hold shares in Irobot Corp (IRBT), with institutional investors hold 84.48% of the company’s shares. The shares outstanding are 27.42M, and float is at 26.90M with Short Float at 29.57%. Institutions hold 83.01% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.68 million shares valued at $211.63 million. The investor’s holdings represent 16.89% of the IRBT Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.93 million shares valued at $132.72 million to account for 10.59% of the shares outstanding. The other top investors are Primecap Management Company which holds 1.83 million shares representing 6.59% and valued at over $82.65 million, while State Street Corporation holds 3.99% of the shares totaling 1.1 million with a market value of $49.98 million.

Irobot Corp (IRBT) Insider Activity

A total of 8 insider transactions have happened at Irobot Corp (IRBT) in the last six months, with sales accounting for 8 and purchases happening 0 times.

Irobot Corp (IRBT): Who are the competitors?

The company’s main competitors (and peers) include Whirlpool Corp. (WHR) that is trading -26.11% down over the past 12 months. Kratos Defense & Security Solutions Inc. (KTOS) that is 58.92% higher over the same period.