Alert: Major Price Decline (1/10/24)-iRobot Corp (NASDAQ: IRBT).

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iRobot Corp (NASDAQ: IRBT) stock closed at $29.75 on 1/10/24 after a major decline of -19.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 576% of normal. The stock has performed in line with the market over the last nine months and has declined -22.8% during the last week.

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Current PriceTarget Research Rating

IRBT is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

iRobot has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. iRobot has a slightly negative Power Rating of 33 and a very low Appreciation Score of 9, with the Lowest Value Trend Rating the result.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

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