IRIDEX Common Stock vs Cash And Short Term Investments Analysis
IRIX Stock | USD 2.65 0.43 13.96% |
IRIDEX financial indicator trend analysis is infinitely more than just investigating IRIDEX recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IRIDEX is a good investment. Please check the relationship between IRIDEX Common Stock and its Cash And Short Term Investments accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IRIDEX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.
Common Stock vs Cash And Short Term Investments
Common Stock vs Cash And Short Term Investments Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IRIDEX Common Stock account and Cash And Short Term Investments. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between IRIDEX's Common Stock and Cash And Short Term Investments is 0.4. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Cash And Short Term Investments in the same time period over historical financial statements of IRIDEX, assuming nothing else is changed. The correlation between historical values of IRIDEX's Common Stock and Cash And Short Term Investments is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of IRIDEX are associated (or correlated) with its Cash And Short Term Investments. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Cash And Short Term Investments has no effect on the direction of Common Stock i.e., IRIDEX's Common Stock and Cash And Short Term Investments go up and down completely randomly.
Correlation Coefficient | 0.4 |
Relationship Direction | Positive |
Relationship Strength | Weak |
Common Stock
Cash And Short Term Investments
Short Term Investments is an account in the current assets section of IRIDEX balance sheet. This account contains IRIDEX investments that will expire within one year. These investments include stocks and bonds that can be liquidated by IRIDEX fairly quickly. The sum of a company's cash on hand, including bank deposits and short-term, highly liquid investments that are easily convertible to known amounts of cash.Most indicators from IRIDEX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IRIDEX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IRIDEX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For more information on how to buy IRIDEX Stock please use our How to Invest in IRIDEX guide.Selling General Administrative is likely to drop to about 8.2 M in 2024. Discontinued Operations is likely to drop to about 375.2 K in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 22.8M | 25.4M | 21.5M | 19.0M | Total Revenue | 53.9M | 57.0M | 51.9M | 40.7M |
IRIDEX fundamental ratios Correlations
Click cells to compare fundamentals
IRIDEX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
IRIDEX fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 34.8M | 28.0M | 48.7M | 42.3M | 34.4M | 38.2M | |
Other Current Liab | 4.3M | 3.9M | 6.0M | 5.1M | 5.1M | 4.4M | |
Total Current Liabilities | 9.8M | 8.7M | 12.6M | 12.5M | 13.0M | 9.3M | |
Total Stockholder Equity | 22.7M | 17.4M | 23.3M | 17.2M | 9.5M | 9.0M | |
Property Plant And Equipment Net | 3.5M | 1.9M | 3.0M | 2.1M | 3.0M | 1.5M | |
Net Debt | (9.4M) | (7.4M) | (21.2M) | (12.2M) | (4.3M) | (4.5M) | |
Retained Earnings | (50.6M) | (56.9M) | (62.2M) | (69.7M) | (79.0M) | (75.1M) | |
Accounts Payable | 2.6M | 1.1M | 3.4M | 3.9M | 4.5M | 4.7M | |
Cash | 12.7M | 11.6M | 23.9M | 13.9M | 7.0M | 12.7M | |
Non Current Assets Total | 4.3M | 2.6M | 6.4M | 6.5M | 7.0M | 4.4M | |
Non Currrent Assets Other | 151K | 132K | 271K | 1.5M | 1.4M | 1.5M | |
Cash And Short Term Investments | 12.7M | 11.6M | 23.9M | 13.9M | 7.0M | 13.9M | |
Net Receivables | 9.3M | 7.3M | 9.7M | 9.8M | 9.7M | 8.4M | |
Common Stock Shares Outstanding | 13.7M | 13.8M | 15.4M | 15.9M | 16.1M | 10.5M | |
Liabilities And Stockholders Equity | 34.8M | 28.0M | 48.7M | 42.3M | 34.4M | 38.2M | |
Inventory | 8.2M | 5.7M | 7.6M | 10.6M | 9.9M | 9.6M | |
Other Current Assets | 401K | 730K | 1.1M | 1.5M | 856K | 1.3M | |
Other Stockholder Equity | 73.1M | 74.2M | 85.3M | 86.8M | 88.4M | 47.5M | |
Total Liab | 12.1M | 10.6M | 25.4M | 25.1M | 24.9M | 26.2M | |
Total Current Assets | 30.6M | 25.4M | 42.3M | 35.8M | 27.5M | 33.8M | |
Property Plant And Equipment Gross | 3.5M | 449K | 3.0M | 2.1M | 16.7M | 17.6M | |
Accumulated Other Comprehensive Income | 80K | (19K) | 45K | (24K) | (52K) | (54.6K) | |
Common Stock Total Equity | 126K | 145K | 147K | 148K | 170.2K | 105.1K | |
Intangible Assets | 84K | 68K | 2.2M | 2.0M | 1.6M | 843.2K | |
Common Stock | 147K | 148K | 168K | 169K | 172K | 114.4K | |
Other Assets | 151K | 1.6M | 271K | 1.5M | 1.7M | 1.6M | |
Property Plant Equipment | 730K | 1.9M | 3.0M | 2.1M | 2.4M | 1.3M | |
Current Deferred Revenue | 1.5M | 938K | 2.4M | 2.4M | 2.4M | 1.9M | |
Non Current Liabilities Total | 2.3M | 1.9M | 12.7M | 12.6M | 11.9M | 12.5M | |
Short Term Debt | 1.4M | 2.7M | 927K | 1.0M | 995K | 945.3K | |
Other Liab | 535K | 392K | 11.0M | 11.9M | 13.7M | 14.3M | |
Net Tangible Assets | 22.1M | 16.8M | 20.1M | 14.3M | 12.9M | 20.2M | |
Retained Earnings Total Equity | (29.0M) | (41.8M) | (50.6M) | (56.9M) | (51.2M) | (48.7M) | |
Capital Surpluse | 59.4M | 71.5M | 73.1M | 74.2M | 85.3M | 58.5M | |
Non Current Liabilities Other | 2.3M | 22K | 25K | 26K | 23.4K | 22.2K | |
Net Invested Capital | 22.7M | 19.9M | 23.3M | 17.2M | 9.5M | 17.5M | |
Net Working Capital | 20.8M | 16.7M | 29.6M | 23.3M | 14.5M | 18.6M | |
Capital Stock | 147K | 148K | 168K | 169K | 172K | 174.0K |
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Is IRIDEX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRIDEX. If investors know IRIDEX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRIDEX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.59) | Revenue Per Share 3.216 | Quarterly Revenue Growth (0.18) | Return On Assets (0.16) | Return On Equity (0.72) |
The market value of IRIDEX is measured differently than its book value, which is the value of IRIDEX that is recorded on the company's balance sheet. Investors also form their own opinion of IRIDEX's value that differs from its market value or its book value, called intrinsic value, which is IRIDEX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRIDEX's market value can be influenced by many factors that don't directly affect IRIDEX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRIDEX's value and its price as these two are different measures arrived at by different means. Investors typically determine if IRIDEX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRIDEX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.