Where Does Wall Street Think IRIDEX Corporation (IRIX) Stock Will Go?

Analysts who follow IRIDEX Corporation (IRIX) on average expect it to rise 106.12% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 36, which means it ranks higher than 36 of stocks, based on data compiled by InvestorsObserver.

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?

You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers. InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.

What's Happening With IRIDEX Corporation Stock Today?

IRIDEX Corporation (IRIX) stock is flat 0.09% while the S&P 500 has fallen -0.72% as of 3:38 PM on Wednesday, Sep 6. IRIX is flat $0.00 from the previous closing price of $1.88 on volume of 38,152 shares. Over the past year the S&P 500 is higher by 14.23% while IRIX has fallen -24.19%. IRIX lost -$0.49 per share the over the last 12 months. Click Here to get the full Stock Report for IRIDEX Corporation stock.