Iridex Stock Return On Asset
| IRIX Stock | USD 2.86 0.04 1.42% |
IRIDEX fundamentals help investors to digest information that contributes to IRIDEX's financial success or failures. It also enables traders to predict the movement of IRIDEX Stock. The fundamental analysis module provides a way to measure IRIDEX's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to IRIDEX stock.
Return On Assets is likely to rise to -0.19 in 2024. IRIDEX | Return On Asset |
IRIDEX Company Return On Asset Analysis
IRIDEX's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Current IRIDEX Return On Asset | -0.16 |
Most of IRIDEX's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, IRIDEX is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
IRIDEX Return On Asset Driver Correlations
Understanding the fundamental principles of building solid financial models for IRIDEX is extremely important. It helps to project a fair market value of IRIDEX Stock properly, considering its historical fundamentals such as Return On Asset. Since IRIDEX's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of IRIDEX's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of IRIDEX's interrelated accounts and indicators.
Click cells to compare fundamentals
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
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IRIDEX Total Assets
Total Assets |
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Based on the latest financial disclosure, IRIDEX has a Return On Asset of -0.163. This is 98.14% lower than that of the Health Care Equipment & Supplies sector and 99.1% lower than that of the Health Care industry. The return on asset for all United States stocks is 16.43% higher than that of the company.
IRIDEX Return On Asset Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses IRIDEX's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of IRIDEX could also be used in its relative valuation, which is a method of valuing IRIDEX by comparing valuation metrics of similar companies.IRIDEX is currently under evaluation in return on asset category among related companies.
IRIDEX Fundamentals
| Return On Equity | -0.72 | ||||
| Return On Asset | -0.16 | ||||
| Profit Margin | (0.18) % | ||||
| Operating Margin | (0.25) % | ||||
| Current Valuation | 42.03 M | ||||
| Shares Outstanding | 16.25 M | ||||
| Shares Owned By Insiders | 24.72 % | ||||
| Shares Owned By Institutions | 20.12 % | ||||
| Number Of Shares Shorted | 330.79 K | ||||
| Price To Earning | (6.30) X | ||||
| Price To Book | 4.86 X | ||||
| Price To Sales | 0.88 X | ||||
| Revenue | 51.87 M | ||||
| Gross Profit | 25.37 M | ||||
| EBITDA | (7.97 M) | ||||
| Net Income | (9.57 M) | ||||
| Cash And Equivalents | 17.97 M | ||||
| Cash Per Share | 1.12 X | ||||
| Total Debt | 2.75 M | ||||
| Debt To Equity | 0.11 % | ||||
| Current Ratio | 3.19 X | ||||
| Book Value Per Share | 0.59 X | ||||
| Cash Flow From Operations | (6.75 M) | ||||
| Short Ratio | 5.69 X | ||||
| Earnings Per Share | (0.59) X | ||||
| Price To Earnings To Growth | (0.44) X | ||||
| Target Price | 2.0 | ||||
| Number Of Employees | 111 | ||||
| Beta | 0.82 | ||||
| Market Capitalization | 45.83 M | ||||
| Total Asset | 34.44 M | ||||
| Retained Earnings | (79.04 M) | ||||
| Working Capital | 14.48 M | ||||
| Current Asset | 30.77 M | ||||
| Current Liabilities | 7.43 M | ||||
| Net Asset | 34.44 M |
About IRIDEX Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze IRIDEX's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRIDEX using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IRIDEX based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards IRIDEX in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, IRIDEX's short interest history, or implied volatility extrapolated from IRIDEX options trading.
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Try AI Portfolio ArchitectCheck out IRIDEX Piotroski F Score and IRIDEX Altman Z Score analysis. For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Complementary Tools for IRIDEX Stock analysis
When running IRIDEX's price analysis, check to measure IRIDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRIDEX is operating at the current time. Most of IRIDEX's value examination focuses on studying past and present price action to predict the probability of IRIDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRIDEX's price. Additionally, you may evaluate how the addition of IRIDEX to your portfolios can decrease your overall portfolio volatility.
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Is IRIDEX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRIDEX. If investors know IRIDEX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRIDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 3.216 | Quarterly Revenue Growth (0.18) | Return On Assets (0.16) | Return On Equity (0.72) |
The market value of IRIDEX is measured differently than its book value, which is the value of IRIDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IRIDEX's value that differs from its market value or its book value, called intrinsic value, which is IRIDEX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRIDEX's market value can be influenced by many factors that don't directly affect IRIDEX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRIDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IRIDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRIDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.