Wall Street predicts Irobot Corp (IRBT) stock to surge by 659.35%

Irobot Corp [IRBT] stock prices are up 5.68% to $8.56 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IRBT shares have gain 18.56% over the last week, with a monthly amount glided 16.15%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Irobot Corp [NASDAQ: IRBT] stock has seen the most recent analyst activity on May 06, 2022, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $45 from $65. Previously, Northland Capital upgraded its rating to Outperform on March 24, 2022, and kept the price target unchanged to $85. On July 29, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $103 on the stock. JP Morgan upgraded its rating to a Overweight and increased its price target to $166 on February 11, 2021. Northland Capital downgraded its rating to a Market Perform and raised its price target to $120 on January 28, 2021. Raymond James downgraded its rating to Mkt Perform for this stock on January 25, 2021. In a note dated October 22, 2020, Raymond James upgraded an Outperform rating on this stock but restated the target price of $98.

The stock price of Irobot Corp [IRBT] has been fluctuating between $5.83 and $42.14 over the past year. Currently, Wall Street analysts expect the stock to reach $65 within the next 12 months. Irobot Corp [NASDAQ: IRBT] shares were valued at $8.56 at the most recent close of the market. An investor can expect a potential return of 659.35% based on the average IRBT price forecast.

Analyzing the IRBT fundamentals

The Irobot Corp [NASDAQ:IRBT] reported sales of 786.10M for trailing twelve months, representing a drop of -30.16%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -1.02 and Total Capital is -0.66. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.19.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.25 points at the first support level, and at 7.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.81, and for the 2nd resistance point, it is at 9.07.

Ratios To Look Out For

It’s worth pointing out that Irobot Corp [NASDAQ:IRBT]’s Current Ratio is 1.53. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 1.73.

Transactions by insiders

Recent insider trading involved ZEILER JULIE, EVP, Chief Financial Officer, that happened on Sep 16 ’24 when 451.0 shares were sold. Officer, JULIE ZEILER completed a deal on Sep 16 ’24 to buy 451.0 shares. Meanwhile, President & CEO Cohen Gary bought 2050.0 shares on May 15 ’24.

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