How Does IRIDEX Corporation (IRIX) Stock Rank on Wall Street Wednesday?

InvestorsObserver is giving IRIDEX Corporation (IRIX) an Analyst Rating Rank of 34, meaning IRIX is ranked higher by analysts than 34% of stocks. The average price target for IRIX is $5.625 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating IRIX a Buy today. Find out what this means to you and get the rest of the rankings on IRIX!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With IRIDEX Corporation Stock Today?

IRIDEX Corporation (IRIX) stock is trading at $2.16 as of 12:39 PM on Wednesday, Nov 30, an increase of $0.06, or 3.03% from the previous closing price of $2.10. The stock has traded between $2.13 and $2.28 so far today. Volume today is less active than usual. So far 9,062 shares have traded compared to average volume of 28,783 shares. Click Here to get the full Stock Report for IRIDEX Corporation stock.