iRobot Corporation (NASDAQ:IRBT) has a beta of 1.29, a 12-month trailing P/E ratio of 16.12, and a growth ratio of 0.90. The stock’s Relative Strength Index (RSI) is 44.02, with weekly volatility at 2.65% and ATR at 3.54. The IRBT stock’s 52-week price range has touched low of $67.55 and a $197.40 high. Its shares traded higher over the last trading session, gaining 3.06% on 05/27/21. The shares fell to a low of $94.13 before closing at $97.63. Intraday shares traded counted 0.68 million, which was -28.6% lower than its 30-day average trading volume of 530.20K. IRBT’s previous close was $94.73 while the outstanding shares total 28.26M.
Investors have identified the Consumer Electronics company iRobot Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.77 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
iRobot Corporation (IRBT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 843.15 million total, with 263.87 million as their total liabilities.
IRBT were able to record 17.42 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by 68.12 million. In cash movements, the company had a total of 28.69 million as operating cash flow.
Potential earnings growth for iRobot Corporation (IRBT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, iRobot Corporation recorded a total of 303.26 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 36.51% coming in sequential stages and their sales for the 07/27/2021 quarter reducing by -79.66%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 180.32 million trying to sell their products during the last quarter, with the result yielding a gross income of 122.94 million. This allows shareholders to hold on to 28.26M with the recently reported earning now reading 0.26 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (0.23 cents a share).
Having a look at the company’s valuation, the company is expected to record 4.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IRBT sounds very interesting.
Is the stock of IRBT attractive?
In related news, EVP and Chief Legal Officer, Weinstein Glen Daniel sold 1,373 shares of the company’s stock in a transaction that recorded on Mar 23. The sale was performed at an average price of 125.00, for a total value of 171,625. As the sale deal closes, the EVP and Chief Legal Officer, Weinstein Glen Daniel now sold 17,899 shares of the company’s stock, valued at 2,125,025. Also, EVP Human Resources, Corp Comm, CAMPANELLO RUSSELL J sold 10,686 shares of the company’s stock in a deal that was recorded on Mar 18. The shares were price at an average price of 122.80 per share, with a total market value of 1,312,208. Following this completion of acquisition, the Director, FINNEY ELISHA W now holds 480 shares of the company’s stock, valued at 57,600. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.
1 out of 7 analysts covering the stock have rated it a Buy, while 5 have maintained a Hold recommendation on iRobot Corporation. 0 analysts has assigned a Sell rating on the IRBT stock. The 12-month mean consensus price target for the company’s shares has been set at $116.33.