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NASDAQ:IRIXIRIDEX Stock Price, Forecast & News

$1.40
+0.02 (+1.45 %)
(As of 04/5/2020 03:56 AM ET)
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Today's Range
$1.22
Now: $1.40
$1.44
50-Day Range
$1.40
MA: $2.40
$3.49
52-Week Range
$1.36
Now: $1.40
$5.69
Volume64,021 shs
Average Volume35,443 shs
Market Capitalization$19.31 million
P/E RatioN/A
Dividend YieldN/A
Beta1.12
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: 0.0Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.63 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$43.45 million
Book Value$1.65 per share

Profitability

Net Income$-8,810,000.00

Miscellaneous

EmployeesN/A
Market Cap$19.31 million
Next Earnings Date5/7/2020 (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 Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, IRIX stock has decreased by 28.9% and is now trading at $1.40. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of IRIDEX?

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, 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 Thursday, May 7th 2020. View our earnings forecast for IRIDEX.

How were IRIDEX's earnings last quarter?

IRIDEX Co. (NASDAQ:IRIX) posted its earnings results on Thursday, March, 12th. The medical equipment provider reported ($0.11) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.16) by $0.05. The medical equipment provider had revenue of $11.76 million for the quarter, compared to analysts' expectations of $11.70 million. IRIDEX had a negative return on equity of 35.33% and a negative net margin of 20.28%. View IRIDEX's earnings history.

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

IRIDEX updated its fourth quarter 2019 After-Hours earnings guidance on Monday, January, 13th. The company provided EPS guidance of for the period. The company issued revenue guidance of $11.6-11.8 million, compared to the consensus revenue estimate of $10.88 million.

Has IRIDEX been receiving favorable news coverage?

Press coverage about IRIX stock has been trending very negative on Sunday, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. IRIDEX earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned headlines about the medical equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutIRIDEX.

Are investors shorting IRIDEX?

IRIDEX saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 6,400 shares, a decrease of 73.4% from the February 27th total of 24,100 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company's shares 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."

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 $1.40.

How big of a company is IRIDEX?

IRIDEX has a market capitalization of $19.31 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.  View additional information about IRIDEX.

What is IRIDEX's official website?

The official website for IRIDEX is http://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 4/5/2020 by MarketBeat.com Staff

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