With 1.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. The 52-week range on IRD shows that it touched its highest point at $2.18 and its lowest point at $0.65 during that stretch. It currently has a 1-year price target of $6.33. Beta for the stock currently stands at -0.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IRD was down-trending over the past week, with a drop of -0.98%, but this was up by 5.83% over a month. Three-month performance surged to 1.00% while six-month performance fell -3.81%. The stock lost -39.88% in the past year, while it has lost -15.13% so far this year. A look at the trailing 12-month EPS for IRD yields -1.94 with Next year EPS estimates of -0.53. For the next quarter, that number is -0.19. This implies an EPS growth rate of 60.62% for this year and 37.01% for next year. EPS is expected to grow by 35.76% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.32%.
Float and Shares Shorts:
At present, 45.48 million IRD shares are outstanding with a float of 39.42 million shares on hand for trading.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.92208 being high and -$1.25936 being low. For IRD, this leads to a yearly average estimate of -$1.12. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.26.
