76.00 +0.10 (0.13%)
After hours: 5:09PM EDT
|Bid||75.00 x 100|
|Ask||76.40 x 100|
|Day's Range||74.54 - 76.55|
|52 Week Range||43.85 - 109.78|
|PE Ratio (TTM)||37.22|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
iRobot's management presented Wednesday at the Morgan Stanley Laguna Investor Conference. Here is what it had to say and what it means to you.
Follow Up: Puerto Rico Bonds | Review | Preview As we warned in July, iRobot’s popular Roomba robot vacuum now has a formidable new rival, with the recent introduction of cheaper competitive products from SharkNinja (“iRobot Has ‘Roomba’ to Fall,” July 1). Since SharkNinja’s robots showed up this month, iRobot stock has tumbled from $100 to $77. Leery of the stock’s steep multiple on earnings, he points out that iRobot’s revenue growth has gotten one-shot boosts from its acquisitions of distributors in Japan and Europe.
iRobot's Roomba is still the undisputed champion in the robotic cleaning space, but two companies in particular seem ready to put up a challenge.
The short-selling focused investment firm, which is short IRBT stock, pointed out that dominant traditional vacuum company SharkNinja is aggressively entering the robot vacuum space. Spruce Point thinks Shark’s entrance into the space is a huge negative for IRBT. IRBT stock is priced for perfection, so competitive pressures aren’t really priced into the stock.
iRobot (IRBT) enters into confidential agreement with Micro-Star, in a bid to move out the latter from the robotic cleaning industry.
Categories: ETFs Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for iRobot Corp.. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish 50 ... Read more (Read more...)
In the end, the Dow Jones Industrial Average gained 0.2%, the S&P 500 gained 0.1%, the Nasdaq Composite also gained 0.1%, and the Russell 2000 gained 0.2%. Finish Line Inc (NASDAQ:FINL) gained 6.5% after being upgraded to positive at Susquehanna on anticipation of an acquisition deal.
On a day when the indexes were little changed, Apple fell slightly after announcing new products yesterday, and iRobot tumbled over worries about competition.
Shares of iRobot Corporation (IRBT) were down more than 13% through early afternoon trading Wednesday after a new competitor entered the household robotic appliances market.
iRobot Corporation (NASDAQ:IRBT), a consumer durables and apparel company based in United States, Check out our latest analysis for iRobot What’s the opportunity in IRBT? IRBT is currently overpriced basedRead More...