NASDAQ:IRIX

IRIDEX Stock Forecast, Price & News

$7.07
+0.33 (+4.90 %)
(As of 06/24/2021 12:00 AM ET)
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Today's Range
$6.59
$7.13
50-Day Range
$6.67
$9.20
52-Week Range
$1.60
$9.71
Volume65,014 shs
Average Volume67,387 shs
Market Capitalization$110.50 million
P/E RatioN/A
Dividend YieldN/A
Beta1.27
30 days | 90 days | 365 days | Advanced Chart
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IRIDEX logo

About IRIDEX

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. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser photocoagulation 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 photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures; and laser indirect ophthalmoscope for use in procedures to treat peripheral retinal disorders. It offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system to perform MicroPulse transscleral laser therapy; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products for use in vitrectomy procedures. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics. It 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 incorporated in 1989 and is headquartered in Mountain View, California.

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MarketRank

Overall MarketRank

1.33 out of 5 stars

Computer And Technology Sector

503rd out of 1,592 stocks

Electromedical Equipment Industry

18th out of 62 stocks

Analyst Opinion: 3.5Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -
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IRIDEX (NASDAQ:IRIX) Frequently Asked Questions

Is IRIDEX a buy right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for IRIDEX in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRIDEX stock.
View analyst ratings for IRIDEX
or view top-rated stocks.

What stocks does MarketBeat like better than IRIDEX?

Wall Street analysts have given IRIDEX a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but IRIDEX wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is IRIDEX's next earnings date?

IRIDEX is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for IRIDEX
.

How were IRIDEX's earnings last quarter?

IRIDEX Co. (NASDAQ:IRIX) posted its quarterly earnings results on Tuesday, May, 11th. The medical equipment provider reported ($0.14) earnings per share for the quarter, meeting the Thomson Reuters' consensus estimate of ($0.14). The medical equipment provider had revenue of $11.96 million for the quarter, compared to analysts' expectations of $9.90 million. IRIDEX had a negative net margin of 17.02% and a negative trailing twelve-month return on equity of 33.84%.
View IRIDEX's earnings history
.

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

IRIDEX's stock was trading at $1.97 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IRIX stock has increased by 258.9% and is now trading at $7.07.
View which stocks have been most impacted by COVID-19
.

What guidance has IRIDEX issued on next quarter's earnings?

IRIDEX issued an update on its FY 2021 earnings guidance on Tuesday, June, 8th. The company provided earnings per share guidance of $- for the period. The company issued revenue guidance of $48 million-51 million, compared to the consensus revenue estimate of $50.74 million.

What price target have analysts set for IRIX?

1 equities research analysts have issued 1 year target prices for IRIDEX's shares. Their forecasts range from $11.00 to $11.00. On average, they anticipate IRIDEX's share price to reach $11.00 in the next year. This suggests a possible upside of 55.6% from the stock's current price.
View analysts' price targets for IRIDEX
or view top-rated stocks among Wall Street analysts.

Who are IRIDEX's key executives?

IRIDEX's management team includes the following people:
  • Mr. David I. Bruce, Pres, CEO & Director (Age 62, Pay $456.73k)
  • Mr. Fuad Ahmad, Interim Chief Financial Officer (Age 51, Pay $664.5k)
  • Mr. Patrick Mercer, Chief Operating Officer (Age 49, Pay $368.53k)
  • Ms. Leigh Salvo, Head of Investor Relations

What is Theodore A. Boutacoff's approval rating as IRIDEX's CEO?

7 employees have rated IRIDEX CEO Theodore A. Boutacoff on Glassdoor.com. Theodore A. Boutacoff has an approval rating of 64% among IRIDEX's employees.

Who are some of IRIDEX's key competitors?

What other stocks do shareholders of IRIDEX own?

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 number of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (4.11%), EAM Investors LLC (1.17%), Dimensional Fund Advisors LP (1.05%), Wedge Capital Management L L P NC (0.71%), Geode Capital Management LLC (0.61%) and Neuberger Berman Group LLC (0.49%). Company insiders that own IRIDEX stock include Robert Earle Grove and Scott Shuda.
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 Renaissance Technologies LLC, Perkins Capital Management Inc., Northern Trust Corp, and StoneX Group Inc..
View insider buying and selling activity for IRIDEX
or view top insider-selling stocks.

Which institutional investors are buying IRIDEX stock?

IRIX stock was bought by a variety of institutional investors in the last quarter, including EAM Investors LLC, Wedge Capital Management L L P NC, Geode Capital Management LLC, Dimensional Fund Advisors LP, Algert Global LLC, Acadian Asset Management LLC, Neuberger Berman Group LLC, and Morgan Stanley. Company insiders that have bought IRIDEX stock in the last two years include Robert Earle Grove, and Scott Shuda.
View insider buying and selling activity for IRIDEX
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is IRIDEX's stock price today?

One share of IRIX stock can currently be purchased for approximately $7.07.

How much money does IRIDEX make?

IRIDEX has a market capitalization of $110.50 million and generates $36.35 million in revenue each year. The medical equipment provider earns $-6,330,000.00 in net income (profit) each year or ($0.46) on an earnings per share basis.

How many employees does IRIDEX have?

IRIDEX employs 89 workers across the globe.

What is IRIDEX's official website?

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

Where are IRIDEX's headquarters?

IRIDEX is headquartered at 1212 Terra Bella Avenue, Mountain View CA, 94043.

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 6/25/2021 by MarketBeat.com Staff
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