Alert: Major Price Advance (4/8/24)-iRobot Corp (NASDAQ: IRBT).

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iRobot Corp (NASDAQ: IRBT) stock closed at $9.96 on 4/8/24 after a major increase of 12.7%. Moreover, this advance was accompanied by above average trading volume at 147% of normal. The stock has risen 13.7% during the last week but has been extremely weak relative to the market over the last nine months.

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Current PriceTarget Research Rating

IRBT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.

iRobot has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. iRobot has a very low Power Rating of 13 and a very low Appreciation Score of 10, triggering the Lowest Value Trend Rating.

Rating Review

In light of this very positive 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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