How Will the Market React to IRIDEX Corporation (IRIX) Stock Getting a Bullish Rating

IRIDEX Corporation (IRIX) stock is higher by 14.89% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

IRIDEX Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on IRIX!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With IRIX Stock Today?

IRIDEX Corporation (IRIX) stock is trading at $1.62 as of 10:40 AM on Wednesday, Aug 30, a rise of $0.19, or 13.29% from the previous closing price of $1.43. The stock has traded between $1.55 and $1.68 so far today. Volume today is more active than usual. So far 47,789 shares have traded compared to average volume of 13,444 shares. To screen for more stocks like IRIDEX Corporation click here.

More About IRIDEX Corporation

IRIDEX Corp is involved in the business of developing, manufacturing and marketing laser-based medical systems, delivery devices and consumable instrumentation for ophthalmology. Its products include Lasers, Laser delivery devices, Glaucoma devices, Retinal surgical instruments, Veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment, Ophthalmology. It derives revenues from the sale of consoles, delivery devices, consumables, service and support activities. The geographical segments of the company include the United States, Europe, the Americas, excluding the U.S and Asia/Pacific Rim. Click Here to get the full Stock Report for IRIDEX Corporation stock.