Yahoo Finance iRobot (IRBT) in Focus: Stock Moves 9.6% Higher
iRobot Corporation IRBT was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $68.65 to $82 in the past one-month time frame.
The stock gained after the company raised its second-quarter revenue guidance on strong demand for its Roomba vacuums.
The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
iRobot currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
iRobot Corporation Price
iRobot Corporation price | iRobot Corporation Quote
A better-ranked stock in the Industrial Products sector is Proto Labs, Inc. PRLB, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Just Released: Zacks’ 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +24.1% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Proto Labs, Inc. (PRLB) : Free Stock Analysis Report
iRobot Corporation (IRBT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
