iRobot Corporation - Value Alert
Texas (October 14, 2013) Wax Ink has issued a No Investment Interest opinion for iRobot Corporation (Nasdaq: IRBT) based on a recent baseline equity review that placed fair value between $33-$39.
No investment interest means that the current risk reward ratio does not favor investment consideration at this time.
The recent close of $35.38 is approximately 76% above the fair value buy target for the stock and approximately 14% below the fair value close target for the stock. The recent close is also 4% below analysts’ twelve-month $37.00 median price target for the stock.
The recent close represents a 52% increase in the one-year price of the stock, while year-over-year sales decreased 6%, year-over-year earnings decreased 11%, year-over-year debt decreased 100%, and year-over-year free cash flow increased 4%.
The stock currently has a trailing twelve-month PE Ratio of 22, and a PEG Ratio of 2.0 basis estimated forward earnings growth of 11.0%.
In the past 52 weeks, share prices have moved between a high of $41.12 and a low of $16.25, placing equilibrium at $32.52.
With the recent close, the stock is trading 16% below the 52 week high, 54% above the 52 week low, and 8% above equilibrium.
The three-month average daily trading volume for this stock is, approximately 429,000 shares.
iRobot Corporation develops robotics and artificial intelligence technologies and applies these technologies in producing and marketing robots.
The company's listed competitors include Electrolux AB, Lockheed Martin,and Samsung Electronics.
Financial information contained herein, is based on the company's most recent annual SEC filing for year ending December 29, 2012 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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