|Bid||920.00 x 100|
|Ask||1,400.00 x 100|
|Day's Range||1,040.63 - 1,053.00|
|52 Week Range||610.71 - 1,054.77|
|PE Ratio (TTM)||50.08|
|Earnings Date||Oct 19, 2017|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||1,016.20|
Hint: Think solar energy, robots, and more robots.
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.
These companies are set up to survive and thrive for many, many years.