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NASDAQ:IRIXIRIDEX Stock Price, Forecast & News

$1.80
+0.06 (+3.45 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$1.74
Now: $1.80
$1.87
50-Day Range
$1.47
MA: $1.74
$1.90
52-Week Range
$1.22
Now: $1.80
$5.54
Volume11,153 shs
Average Volume33,043 shs
Market Capitalization$24.82 million
P/E RatioN/A
Dividend YieldN/A
Beta1.11
IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. The company offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of diabetic macular edema and other retinal diseases; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser systems, which are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. It also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; and slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures. In addition, the company offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system that delivers laser to treat glaucoma; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe Illuminate and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products used in vitrectomy procedures. It serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics. IRIDEX Corporation markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was founded in 1989 and is headquartered in Mountain View, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 3.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Electromedical equipment
Sub-IndustryN/A
Current SymbolNASDAQ:IRIX
CUSIPN/A
Phone650-940-4700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.45 million
Book Value$1.53 per share

Profitability

Net Income$-8,810,000.00

Miscellaneous

EmployeesN/A
Market Cap$24.82 million
Next Earnings Date8/4/2020 (Estimated)
OptionableNot Optionable

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IRIDEX (NASDAQ:IRIX) Frequently Asked Questions

How has IRIDEX's stock been impacted by COVID-19 (Coronavirus)?

IRIDEX's stock was trading at $1.97 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IRIX stock has decreased by 8.6% and is now trading at $1.80. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of IRIDEX?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IRIDEX in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for IRIDEX.

When is IRIDEX's next earnings date?

IRIDEX is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for IRIDEX.

How were IRIDEX's earnings last quarter?

IRIDEX Co. (NASDAQ:IRIX) issued its quarterly earnings results on Monday, May, 11th. The medical equipment provider reported ($0.12) earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.05. The medical equipment provider had revenue of $9.02 million for the quarter, compared to analyst estimates of $9.51 million. IRIDEX had a negative net margin of 17.71% and a negative return on equity of 31.74%. View IRIDEX's earnings history.

What price target have analysts set for IRIX?

2 brokers have issued 1 year target prices for IRIDEX's stock. Their forecasts range from $4.00 to $4.00. On average, they expect IRIDEX's share price to reach $4.00 in the next year. This suggests a possible upside of 122.2% from the stock's current price. View analysts' price targets for IRIDEX.

Has IRIDEX been receiving favorable news coverage?

Media stories about IRIX stock have been trending negative on Monday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. IRIDEX earned a news sentiment score of -2.6 on InfoTrie's scale. They also assigned news headlines about the medical equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutIRIDEX.

Are investors shorting IRIDEX?

IRIDEX saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 31,600 shares, an increase of 65.4% from the April 30th total of 19,100 shares. Based on an average trading volume of 35,700 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company's stock are short sold. View IRIDEX's Current Options Chain.

Who are some of IRIDEX's key competitors?

What other stocks do shareholders of IRIDEX own?

Who are IRIDEX's key executives?

IRIDEX's management team includes the following people:
  • Mr. William M. Moore, Chairman of Directors, Pres & CEO (Age 70)
  • Dr. George R. Marcellino, VP of Clinical Affairs (Age 70)
  • Mr. Romeo R. Dizon, VP of Fin.
  • Ms. Leigh Salvo, Head of Investor Relations
  • Mr. Timothy D. Buckley, VP of Marketing & North American Sales (Age 44)

What is IRIDEX's stock symbol?

IRIDEX trades on the NASDAQ under the ticker symbol "IRIX."

Who are IRIDEX's major shareholders?

IRIDEX's stock is owned by a variety of retail and institutional investors. Top institutional investors include Wasatch Advisors Inc. (6.38%), Perkins Capital Management Inc. (0.46%) and BlackRock Inc. (0.31%). Company insiders that own IRIDEX stock include Associates & Paragon A Paragon, Robert Earle Grove, Scott Shuda and William M Moore. View institutional ownership trends for IRIDEX.

Which institutional investors are selling IRIDEX stock?

IRIX stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc.. View insider buying and selling activity for IRIDEX.

Which institutional investors are buying IRIDEX stock?

IRIX stock was purchased by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., and Perkins Capital Management Inc.. Company insiders that have bought IRIDEX stock in the last two years include Associates & Paragon A Paragon, Robert Earle Grove, Scott Shuda, and William M Moore. View insider buying and selling activity for IRIDEX.

How do I buy shares of IRIDEX?

Shares of IRIX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is IRIDEX's stock price today?

One share of IRIX stock can currently be purchased for approximately $1.80.

How big of a company is IRIDEX?

IRIDEX has a market capitalization of $24.82 million and generates $43.45 million in revenue each year. The medical equipment provider earns $-8,810,000.00 in net income (profit) each year or ($0.64) on an earnings per share basis.

What is IRIDEX's official website?

The official website for IRIDEX is www.iridex.com.

How can I contact IRIDEX?

IRIDEX's mailing address is 1212 Terra Bella Avenue, Mountain View CA, 94043. The medical equipment provider can be reached via phone at 650-940-4700 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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