Is IRIDEX Stock a Good Investment?
IRIDEX Investment Advice | IRIX |
- Examine IRIDEX's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research IRIDEX's leadership team and their track record. Good management can help IRIDEX navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact IRIDEX's business and its evolving consumer preferences.
- Compare IRIDEX's performance and market position to its competitors. Analyze how IRIDEX is positioned in terms of product offerings, innovation, and market share.
- Check if IRIDEX pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about IRIDEX's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in IRIDEX stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if IRIDEX is a good investment.
Sell | Buy |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very risky | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Sell | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine IRIDEX Stock
Researching IRIDEX's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 21.0% of the company shares are held by company insiders. The company recorded a loss per share of 0.67. IRIDEX last dividend was issued on the 30th of September 2010.
To determine if IRIDEX is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding IRIDEX's research are outlined below:
| IRIDEX generated a negative expected return over the last 90 days | |
| IRIDEX has high historical volatility and very poor performance | |
| IRIDEX may become a speculative penny stock | |
| The company reported the previous year's revenue of 51.87 M. Net Loss for the year was (9.57 M) with profit before overhead, payroll, taxes, and interest of 25.37 M. | |
| IRIDEX currently holds about 17.97 M in cash with (6.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.12. | |
| Roughly 21.0% of the company shares are held by company insiders | |
| Latest headline from investing.com: Disposition of tradable shares by Patrick Mercer of IRIDEX at 3.01 subject to Rule 16b-3 |
IRIDEX uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in IRIDEX. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to IRIDEX's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 14th of March 2024 Upcoming Quarterly Report | View | |
| 9th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 14th of March 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact IRIDEX's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises IRIDEX's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2005-04-29 | 2005-03-31 | -0.01 | -0.0027 | 0.0073 | 73 | ||
2014-07-31 | 2014-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
2014-05-01 | 2014-03-31 | 0.06 | 0.05 | -0.01 | 16 | ||
2013-10-31 | 2013-09-30 | 0.04 | 0.05 | 0.01 | 25 | ||
2013-02-28 | 2012-12-31 | 0.02 | 0.03 | 0.01 | 50 | ||
2008-11-04 | 2008-09-30 | -0.04 | -0.03 | 0.01 | 25 | ||
2004-10-19 | 2004-09-30 | 0.03 | 0.02 | -0.01 | 33 | ||
2001-10-23 | 2001-09-30 | 0.02 | 0.01 | -0.01 | 50 |
Know IRIDEX's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as IRIDEX is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading IRIDEX backward and forwards among themselves. IRIDEX's institutional investor refers to the entity that pools money to purchase IRIDEX's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-06-30 | 44.7 K | Perkins Capital Management Inc | 2024-06-30 | 42.3 K | Citadel Advisors Llc | 2024-06-30 | 41.4 K | Bank Of New York Mellon Corp | 2024-06-30 | 31.5 K | Northern Trust Corp | 2024-06-30 | 27.4 K | Dimensional Fund Advisors, Inc. | 2024-06-30 | 24.4 K | Hightower Advisors, Llc | 2024-06-30 | 10 K | Ubs Group Ag | 2024-06-30 | 9.6 K | Simplex Trading, Llc | 2024-06-30 | 6.4 K | Paragon Assoc & Paragon Assoc Ii Jv | 2024-06-30 | 1000 K | Vanguard Group Inc | 2024-06-30 | 561.1 K |
IRIDEX's market capitalization trends
The company currently falls under 'Micro-Cap' category with a current market capitalization of 29.45 M.Market Cap |
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IRIDEX's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.22) | (0.21) | |
| Return On Capital Employed | (0.29) | (0.28) | |
| Return On Assets | (0.21) | (0.19) | |
| Return On Equity | (0.50) | (0.48) |
Determining IRIDEX's profitability involves analyzing its financial statements and using various financial metrics to determine if IRIDEX is a good buy. For example, gross profit margin measures IRIDEX's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of IRIDEX's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in IRIDEX's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of IRIDEX. Check IRIDEX's Beneish M Score to see the likelihood of IRIDEX's management manipulating its earnings.
Evaluate IRIDEX's management efficiency
IRIDEX has return on total asset (ROA) of (0.2089) % which means that it has lost $0.2089 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.5028) %, meaning that it created substantial loss on money invested by shareholders. IRIDEX's management efficiency ratios could be used to measure how well IRIDEX manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to rise to -0.21 in 2024. Return On Capital Employed is likely to rise to -0.28 in 2024. At this time, IRIDEX's Total Assets are fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 1.5 M in 2024, whereas Non Current Assets Total are likely to drop slightly above 4.4 M in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 1.24 | 1.18 | |
| Tangible Book Value Per Share | 1.03 | 0.98 | |
| Enterprise Value Over EBITDA | (3.75) | (3.56) | |
| Price Book Value Ratio | 1.67 | 1.79 | |
| Enterprise Value Multiple | (3.75) | (3.56) | |
| Price Fair Value | 1.67 | 1.79 | |
| Enterprise Value | 22.9 M | 21.7 M |
The operational strategies employed by IRIDEX management play a crucial role in its market positioning. Assessing these strategies alongside financial data helps us evaluate the stock's investment potential.
Beta 0.811 |
Basic technical analysis of IRIDEX Stock
As of the 15th of November 2024, IRIDEX retains the Market Risk Adjusted Performance of 0.0119, risk adjusted performance of 0.0102, and Semi Deviation of 2.63. IRIDEX technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.IRIDEX's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific IRIDEX insiders, such as employees or executives, is commonly permitted as long as it does not rely on IRIDEX's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases IRIDEX insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
IRIDEX's Outstanding Corporate Bonds
IRIDEX issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. IRIDEX uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most IRIDEX bonds can be classified according to their maturity, which is the date when IRIDEX has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US462613AP51 Corp BondUS462613AP51 | View | |
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| IQVIA Holdings 5 Corp BondUS46266TAA60 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View |
Understand IRIDEX's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing IRIDEX's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.0102 | |||
| Market Risk Adjusted Performance | 0.0119 | |||
| Mean Deviation | 2.46 | |||
| Semi Deviation | 2.63 | |||
| Downside Deviation | 3.06 | |||
| Coefficient Of Variation | 44264.59 | |||
| Standard Deviation | 5.07 | |||
| Variance | 25.66 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0019 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 5.23 | |||
| Downside Variance | 9.37 | |||
| Semi Variance | 6.91 | |||
| Expected Short fall | (4.28) | |||
| Skewness | 4.73 | |||
| Kurtosis | 31.59 |
| Risk Adjusted Performance | 0.0102 | |||
| Market Risk Adjusted Performance | 0.0119 | |||
| Mean Deviation | 2.46 | |||
| Semi Deviation | 2.63 | |||
| Downside Deviation | 3.06 | |||
| Coefficient Of Variation | 44264.59 | |||
| Standard Deviation | 5.07 | |||
| Variance | 25.66 | |||
| Information Ratio | (0.03) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.85) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0019 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (5.33) | |||
| Potential Upside | 5.23 | |||
| Downside Variance | 9.37 | |||
| Semi Variance | 6.91 | |||
| Expected Short fall | (4.28) | |||
| Skewness | 4.73 | |||
| Kurtosis | 31.59 |
Consider IRIDEX's intraday indicators
IRIDEX intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of IRIDEX stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
IRIDEX time-series forecasting models is one of many IRIDEX's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary IRIDEX's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.
IRIDEX Stock media impact
Far too much social signal, news, headlines, and media speculation about IRIDEX that are available to investors today. That information is available publicly through IRIDEX media outlets and privately through word of mouth or via IRIDEX internal channels. However, regardless of the origin, that massive amount of IRIDEX data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of IRIDEX news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of IRIDEX relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to IRIDEX's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive IRIDEX alpha.
IRIDEX Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards IRIDEX can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Additional 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.