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IRIX
Stock ticker: NASDAQ
AS OF
Jan 17, 04:59 PM (EDT)
Price
$1.66
Change
+$0.03 (+1.84%)
Capitalization
48.42M

IRIX IRIDEX Corp Forecast, Technical & Fundamental Analysis

a manufacturer of light-based medical systems and delivery devices

IRIX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for IRIX with price predictions
Jan 14, 2025

IRIX in downward trend: price may drop because broke its higher Bollinger Band on January 02, 2025

IRIX broke above its upper Bollinger Band on January 02, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 32 similar instances where the stock broke above the upper band. In of the 32 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 10, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on IRIX as a result. In of 103 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IRIX turned negative on January 13, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

IRIX moved below its 50-day moving average on January 10, 2025 date and that indicates a change from an upward trend to a downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IRIX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for IRIX entered a downward trend on January 14, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. IRIX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.027) is normal, around the industry mean (23.475). P/E Ratio (0.000) is within average values for comparable stocks, (83.627). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.667). Dividend Yield (0.000) settles around the average of (0.018) among similar stocks. P/S Ratio (0.880) is also within normal values, averaging (41.274).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. IRIX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.

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IRIX
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

IRIX is expected to report earnings to fall 58.33% to -5 cents per share on March 06

IRIDEX Corp IRIX Stock Earnings Reports
Q4'24
Est.
$-0.05
Q3'24
Missed
by $0.03
Q2'24
Missed
by $0.04
Q1'24
Missed
by $0.13
Q4'23
Missed
by $0.09
The last earnings report on November 12 showed earnings per share of -11 cents, missing the estimate of -9 cents. With 23.96K shares outstanding, the current market capitalization sits at 48.42M.
A.I. Advisor
published General Information

General Information

a manufacturer of light-based medical systems and delivery devices

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
1212 Terra Bella Avenue
Phone
+1 650 940-4700
Employees
130
Web
https://www.iridex.com
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IRIX and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, IRIX has been loosely correlated with NTRA. These tickers have moved in lockstep 33% of the time. This A.I.-generated data suggests there is some statistical probability that if IRIX jumps, then NTRA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IRIX
1D Price
Change %
IRIX100%
-1.81%
NTRA - IRIX
33%
Loosely correlated
-1.09%
FNA - IRIX
30%
Poorly correlated
+4.00%
NPCE - IRIX
28%
Poorly correlated
-0.75%
MDXH - IRIX
27%
Poorly correlated
-0.50%
DRIO - IRIX
26%
Poorly correlated
-12.15%
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