Iridex Stock Performance
IRIX Stock | USD 2.95 0.44 17.53% |
IRIDEX has a performance score of 3 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning IRIDEX are expected to decrease at a much lower rate. During the bear market, IRIDEX is likely to outperform the market. IRIDEX currently retains a risk of 3.77%. Please check out IRIDEX standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if IRIDEX will be following its current trending patterns.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in IRIDEX are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of fairly inconsistent forward indicators, IRIDEX may actually be approaching a critical reversion point that can send shares even higher in April 2024. ...more
Actual Historical Performance (%)
One Day Return 17.53 | Five Day Return 14.34 | Year To Date Return 2.79 | Ten Year Return (65.62) | All Time Return (71.22) |
1 | Iridex Launches New Iridex 532 and Iridex 577 Lasers in US Market Marking 35 Years of Laser Innovation in Treating Retina Disorders Glaucoma | 01/11/2024 |
2 | Do Traders Think IRIDEX Corporation Can Turn Around Thursday - InvestorsObserver | 01/18/2024 |
3 | Iridex Corporation Receives European Patent on MicroPulse Technology | 02/06/2024 |
4 | What is the Markets View on IRIDEX Corp Stocks Price and Volume Trends Tuesday - InvestorsObserver | 02/13/2024 |
5 | Zacks Industry Outlook Highlights MicroVision, Cutera and IRIDEX - Yahoo Finance | 02/22/2024 |
6 | IRIDEX Research Coverage Started at StockNews.com | 03/12/2024 |
7 | Acquisition by Ludlum Ken of 18348 shares of IRIDEX subject to Rule 16b-3 | 03/21/2024 |
8 | Acquisition by Scott Shuda of 267 shares of IRIDEX at 1.91 subject to Rule 16b-3 | 03/25/2024 |
Begin Period Cash Flow | 23.9 M | |
Total Cashflows From Investing Activities | -286 K |
IRIDEX |
IRIDEX Relative Risk vs. Return Landscape
If you would invest 281.00 in IRIDEX on December 29, 2023 and sell it today you would earn a total of 14.00 from holding IRIDEX or generate 4.98% return on investment over 90 days. IRIDEX is currently generating 0.1476% in daily expected returns and assumes 3.7731% risk (volatility on return distribution) over the 90 days horizon. In different words, 33% of stocks are less volatile than IRIDEX, and 98% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
Risk |
IRIDEX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IRIDEX's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as IRIDEX, and traders can use it to determine the average amount a IRIDEX's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0391
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Estimated Market Risk
3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average IRIDEX is performing at about 3% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IRIDEX by adding it to a well-diversified portfolio.
IRIDEX Fundamentals Growth
IRIDEX Stock prices reflect investors' perceptions of the future prospects and financial health of IRIDEX, and IRIDEX fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on IRIDEX Stock performance.
Return On Equity | -0.72 | ||||
Return On Asset | -0.16 | ||||
Current Valuation | 36.83 M | ||||
Shares Outstanding | 16.25 M | ||||
Price To Earning | (6.30) X | ||||
Price To Book | 3.47 X | ||||
Price To Sales | 0.92 X | ||||
Revenue | 56.97 M | ||||
Gross Profit | 25.37 M | ||||
EBITDA | (6.16 M) | ||||
Net Income | (7.55 M) | ||||
Cash Per Share | 1.12 X | ||||
Debt To Equity | 0.11 % | ||||
Current Ratio | 3.19 X | ||||
Cash Flow From Operations | (9.52 M) | ||||
Earnings Per Share | (0.48) X | ||||
Total Asset | 42.29 M | ||||
Retained Earnings | (69.72 M) | ||||
Current Asset | 30.77 M | ||||
About IRIDEX Performance
To evaluate IRIDEX Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when IRIDEX generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare IRIDEX Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand IRIDEX market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents IRIDEX's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Last Reported | Projected for 2024 | ||
Return On Capital Employed | (0.29) | (0.28) | |
Return On Assets | (0.21) | (0.19) | |
Return On Equity | (0.50) | (0.48) |
Things to note about IRIDEX performance evaluation
Checking the ongoing alerts about IRIDEX for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for IRIDEX help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.IRIDEX had very high historical volatility over the last 90 days | |
The company reported the previous year's revenue of 56.97 M. Net Loss for the year was (7.55 M) with profit before overhead, payroll, taxes, and interest of 25.37 M. | |
IRIDEX currently holds about 17.97 M in cash with (9.52 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.12. | |
Roughly 25.0% of the company shares are held by company insiders | |
Latest headline from MacroaxisInsider: Acquisition by Ludlum Ken of 18348 shares of IRIDEX subject to Rule 16b-3 |
- Analyzing IRIDEX's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether IRIDEX's stock is overvalued or undervalued compared to its peers.
- Examining IRIDEX's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating IRIDEX's management team can have a significant impact on its success or failure. Reviewing the track record and experience of IRIDEX's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of IRIDEX's stock. These opinions can provide insight into IRIDEX's potential for growth and whether the stock is currently undervalued or overvalued.
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.You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for IRIDEX Stock analysis
When running IRIDEX's price analysis, check to measure IRIDEX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRIDEX is operating at the current time. Most of IRIDEX's value examination focuses on studying past and present price action to predict the probability of IRIDEX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRIDEX's price. Additionally, you may evaluate how the addition of IRIDEX to your portfolios can decrease your overall portfolio volatility.
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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 (0.48) | 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.