NASDAQ:IRIX IRIDEX (IRIX) Stock Price, News & Analysis → 4x Better than Bitcoin (From Behind the Markets) (Ad) Free IRIX Stock Alerts $2.98 +0.03 (+1.02%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$2.87▼$3.0850-Day Range$2.35▼$2.9852-Week Range$1.31▼$3.48Volume48,017 shsAverage Volume44,352 shsMarket Capitalization$48.43 millionP/E RatioN/ADividend YieldN/APrice Target$2.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get IRIDEX alerts: Email Address IRIDEX MarketRank™ Stock AnalysisAnalyst Rating0.00 Rating ScoreUpside/Downside32.9% Downside$2.00 Price TargetShort InterestBearish2.60% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.21Based on 12 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.26) to ($0.29) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.01 out of 5 starsComputer And Technology Sector587th out of 588 stocksElectromedical Equipment Industry20th out of 20 stocks 0.0 Analyst's Opinion Price Target Upside/DownsideAccording to analysts' consensus price target of $2.00, IRIDEX has a forecasted downside of 32.9% from its current price of $2.98.Amount of Analyst CoverageIRIDEX has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.60% of the float of IRIDEX has been sold short.Short Interest Ratio / Days to CoverIRIDEX has a short interest ratio ("days to cover") of 10.8, which indicates bearish sentiment.Change versus previous monthShort interest in IRIDEX has recently decreased by 0.29%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldIRIDEX does not currently pay a dividend.Dividend GrowthIRIDEX does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for IRIX. Previous Next 2.3 News and Social Media Coverage News SentimentIRIDEX has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 12 news articles for IRIDEX this week, compared to 0 articles on an average week.MarketBeat Follows1 people have added IRIDEX to their MarketBeat watchlist in the last 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, IRIDEX insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 6.20% of the stock of IRIDEX is held by insiders.Percentage Held by InstitutionsOnly 20.10% of the stock of IRIDEX is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for IRIDEX are expected to decrease in the coming year, from ($0.26) to ($0.29) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of IRIDEX is -5.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of IRIDEX is -5.05, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioIRIDEX has a P/B Ratio of 2.76. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Behind the Markets4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.Get the name of the stock here >>> About IRIDEX Stock (NASDAQ:IRIX)IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology. It offers laser consoles, such as Cyclo G6 laser system for use in the treatment of glaucoma; IQ 532 and IQ 577 laser systems, which are used for the treatment of retinal disorders; and OcuLight TX, OcuLight SL, OcuLight SLx, OcuLight GL, and OcuLight GLx laser photocoagulation systems that are used to treat proliferative diabetic retinopathy, macular holes, retinal tears, and detachments. The company also provides delivery devices, including TxCell scanning laser delivery system that allows the physician to perform multi-spot pattern scanning; slit lamp adapter, which allows the physician to utilize a standard slit lamp in diagnosis and treatment procedures; and laser indirect ophthalmoscope for use in procedures to treat peripheral retinal disorders. It offers MicroPulse P3 Probe, which is used with its Cylco G6 laser system to perform MicroPulse transscleral laser therapy; G-Probe, which is used in procedures to treat uncontrolled glaucoma; G-Probe and G-Probe Illuminate, which are used in procedures to treat refractory glaucoma; and EndoProbe family of products for use in vitrectomy procedures. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, veterinary practices, and office clinics. It markets its products through direct and independent sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was incorporated in 1989 and is headquartered in Mountain View, California.Read More IRIX Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart IRIX Stock News HeadlinesMarch 28, 2024 | benzinga.comIridex: Q4 Earnings InsightsMarch 28, 2024 | seekingalpha.comIridex's Strategic Review Process Should Bear Fruit 'Soon'March 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 27, 2024 | finanznachrichten.deIRIDEX Corporation: Iridex Reports Fourth Quarter and Full Year 2023 Financial ResultsMarch 27, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Healthcare Companies: Argenx Se (ARGX), Iridex (IRIX) and Keros Therapeutics (KROS)March 27, 2024 | finance.yahoo.comIRIDEX Corporation (NASDAQ:IRIX) Q4 2023 Earnings Call TranscriptMarch 27, 2024 | washingtonpost.comIridex: Q4 Earnings SnapshotMarch 26, 2024 | globenewswire.comIridex Reports Fourth Quarter and Full Year 2023 Financial ResultsMarch 29, 2024 | Behind the Markets (Ad)4x Better than Bitcoin4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.March 25, 2024 | markets.businessinsider.comIRIDEX earnings preview: what to expectMarch 25, 2024 | americanbankingnews.comIRIDEX (NASDAQ:IRIX) Earns Hold Rating from Analysts at StockNews.comMarch 24, 2024 | americanbankingnews.comIRIDEX (IRIX) Set to Announce Quarterly Earnings on TuesdayMarch 20, 2024 | globenewswire.comIridex Schedules Fourth Quarter and Full Year 2023 Financial Results and Update on Strategic Review Process for March 26, 2024February 23, 2024 | benzinga.comIridex Stock (NASDAQ:IRIX), Short Interest ReportFebruary 23, 2024 | benzinga.comIridex Stock (NASDAQ:IRIX) Dividends: History, Yield and DatesDecember 28, 2023 | finance.yahoo.comIridex Confirms Medicare Administrative Contractors Retired Local Coverage Determinations that Restricted CyclophotocoagulationNovember 27, 2023 | finance.yahoo.comIridex Corporation Announces Successful Appeal for Revision of Recent Medicare LCDs to Provide Broader Coverage of CyclophotocoagulationNovember 17, 2023 | finanznachrichten.deIRIDEX Corporation: Iridex Reports Third Quarter 2023 Financial Results and Business UpdateNovember 14, 2023 | benzinga.comIridex: Q3 Earnings InsightsNovember 14, 2023 | finance.yahoo.comIridex Reports Third Quarter 2023 Financial Results and Business UpdateNovember 13, 2023 | finance.yahoo.comIridex to Host Third Quarter Financial Results Conference Call on November 14, 2023November 9, 2023 | morningstar.comIRIDEX Corp IRIXNovember 2, 2023 | msn.comIridex Reimbursement Chaos Presents Buying OpportunityNovember 1, 2023 | msn.comWall Street Set to Open Mixed Ahead of Federal Reserve MeetingNovember 1, 2023 | benzinga.comNasdaq Surges Over 100 Points Ahead Of Fed Decision; WeWork Shares PlungeNovember 1, 2023 | markets.businessinsider.comDow Gains Over 100 Points; Fed Leaves Interest Rates UnchangedNovember 1, 2023 | msn.comBYU, WE and IRIX among pre-market losersSee More Headlines Receive IRIX Stock News and Ratings via Email Sign-up to receive the latest news and ratings for IRIDEX and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings11/11/2021Today3/28/2024Next Earnings (Estimated)5/09/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorComputer and Technology Industry Electromedical equipment Sub-IndustryN/A Current SymbolNASDAQ:IRIX CUSIPN/A CIK1006045 Webwww.iridex.com Phone(650) 940-4700Fax650-940-4710Employees130Year Founded1989Price Target and Rating Average Stock Price Target$2.00 High Stock Price Target$2.00 Low Stock Price Target$2.00 Potential Upside/Downside-32.9%Consensus Rating Rating Score (0-4)0.00 Research Coverage0 Analysts Profitability EPS (Most Recent Fiscal Year)($0.59) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-7,550,000.00 Net Margins-18.45% Pretax Margin-14.13% Return on Equity-69.35% Return on Assets-25.44% Debt Debt-to-Equity RatioN/A Current Ratio2.64 Quick Ratio1.66 Sales & Book Value Annual Sales$51.87 million Price / Sales0.93 Cash FlowN/A Price / Cash FlowN/A Book Value$1.08 per share Price / Book2.76Miscellaneous Outstanding Shares16,250,000Free Float15,241,000Market Cap$48.43 million OptionableOptionable Beta0.81 Social Links Beginners Guide To Retirement StocksClick the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. David I. Bruce (Age 65)President, CEO & Director Comp: $459.31kMr. Fuad Ahmad (Age 54)Interim Chief Financial Officer Comp: $424.9kMr. Patrick Mercer (Age 52)Chief Operating Officer Comp: $385.51kMs. Leigh SalvoHead of Investor RelationsKey CompetitorselectroCoreNASDAQ:ECORRockwell MedicalNASDAQ:RMTICuteraNASDAQ:CUTRCreative RealitiesNASDAQ:CREXiCADNASDAQ:ICADView All CompetitorsInstitutional OwnershipCitadel Advisors LLCBought 22,300 shares on 2/15/2024Ownership: 0.000%Northern Trust CorpSold 10,659 shares on 2/13/2024Ownership: 0.174%Dimensional Fund Advisors LPSold 30,441 shares on 2/7/2024Ownership: 0.297%AMH Equity LtdSold 241,103 shares on 2/2/2024Ownership: 2.437%Simplex Trading LLCBought 2,100 shares on 2/2/2024Ownership: 0.000%View All Institutional Transactions IRIX Stock Analysis - Frequently Asked Questions What is IRIDEX's stock price target for 2024? 0 Wall Street research analysts have issued 1 year target prices for IRIDEX's stock. Their IRIX share price targets range from $2.00 to $2.00. On average, they anticipate the company's stock price to reach $2.00 in the next year. This suggests that the stock has a possible downside of 32.9%. View analysts price targets for IRIX or view top-rated stocks among Wall Street analysts. How have IRIX shares performed in 2024? IRIDEX's stock was trading at $2.81 at the beginning of the year. Since then, IRIX stock has increased by 6.0% and is now trading at $2.98. View the best growth stocks for 2024 here. When is IRIDEX's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our IRIX earnings forecast. How were IRIDEX's earnings last quarter? IRIDEX Co. (NASDAQ:IRIX) issued its quarterly earnings results on Thursday, November, 11th. The medical equipment provider reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.01. The medical equipment provider earned $13.26 million during the quarter, compared to the consensus estimate of $11.90 million. IRIDEX had a negative net margin of 18.45% and a negative trailing twelve-month return on equity of 69.35%. During the same quarter in the previous year, the business earned ($0.12) earnings per share. What is Theodore A. Boutacoff's approval rating as IRIDEX's CEO? 7 employees have rated IRIDEX Chief Executive Officer Theodore A. Boutacoff on Glassdoor.com. Theodore A. Boutacoff has an approval rating of 64% among the company's employees. What other stocks do shareholders of IRIDEX own? Based on aggregate information from My MarketBeat watchlists, some companies that other IRIDEX investors own include NVIDIA (NVDA), Trevena (TRVN), CTI BioPharma (CTIC), Agile Therapeutics (AGRX), Genocea Biosciences (GNCA), Idera Pharmaceuticals (IDRA), Lipocine (LPCN), Rigel Pharmaceuticals (RIGL) and SCYNEXIS (SCYX). Who are IRIDEX's major shareholders? IRIDEX's stock is owned by a variety of retail and institutional investors. Top institutional investors include AMH Equity Ltd (2.44%), Dimensional Fund Advisors LP (0.30%), Citadel Advisors LLC (0.00%), Northern Trust Corp (0.17%), Simplex Trading LLC (0.00%) and Concourse Financial Group Securities Inc. (0.00%). Insiders that own company stock include Nandini Devi and Robert Earle Grove. View institutional ownership trends. How do I buy shares of IRIDEX? Shares of IRIX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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