Why is iRobot stock dropping?
IRobot Corp.’s stock fell 10% to $79.85 in after-hours trading after the company swung to a second-quarter loss and lowered financial projections for the year, citing a chip shortage that’s hampered many industries.
Is iRobot a good stock?
iRobot Corporation IRBT currently boasts of strong prospects, supported by its diversified product portfolio, healthy demand for its products, focus on innovation and surge in business through the online platforms. Notably, the Zacks Rank #1 (Strong Buy) company has a market capitalization of $3.2 billion.
Why is Irbt shorted?
A short squeeze for iRobot occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of IRBT, which in turn drives the price of the stock up even further.
What products does iRobot make?
The company’s products include a range of autonomous home vacuum cleaners (Roomba), floor moppers (Braava), and other autonomous cleaning devices.
Who are iRobot competitors?
iRobot competitors include Husqvarna, LG, Endurance, Dyson and Neato Robotics.
Is iRobot a buy or sell?
iRobot has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Who is roombas biggest competitor?
Who is Irobots biggest competitor?
iRobot’s top competitors include FANUC, Dyson and Xiaomi.
Is iRobot a buy Zacks?
Zacks’ proprietary data indicates that iRobot Corporation is currently rated as a Zacks Rank 3 and we are expecting an inline return from the IRBT shares relative to the market in the next few months. The financial health and growth prospects of IRBT, demonstrate its potential to perform inline with the market.
How do you tell if a stock is heavily shorted?
For general shorting information—such as the short interest ratio, the number of a company’s shares that have been sold short divided by the average daily volume—you can usually go to any website that features a stock quotes service, such as the Yahoo Finance website in Key Statistics under Share Statistics.
What is the stock price of iRobot Corporation?
If you are looking for stocks with good return, iRobot Corporation can be a profitable investment option. iRobot Corporation quote is equal to 54.395 USD at 2019-10-23. Based on our forecasts, a long-term increase is expected, the “IRBT” stock price prognosis for 2024-10-16 is 113.443 USD.
Is there a share buyback program for iRobot?
iRobot trades on the NASDAQ under the ticker symbol “IRBT.”. iRobot announced that its board has initiated a share buyback program on Wednesday, February 28th 2018, which allows the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor.
How often does IRBT stock price get updated?
“IRBT” stock predictions are updated every 5 minutes with latest exchange prices by smart technical market analysis. Q&A about “IRBT” projections. At Walletinvestor.com we predict future values with technical analysis for wide selection of stocks like Irobot Corp (IRBT).
What kind of robot vacuum cleaner is iRobot?
IRobot on Thursday introduced a new model Roomba robot vacuum cleaner that can identify and avoid hazards like charging cables and pet waste.