Is This Stock a Screaming Buy: IRIDEX Corporation (NASDAQ:IRIX)

Equity Research firms currently have a positive stance on shares of IRIDEX Corporation (NASDAQ:IRIX). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $16.00 on a short term basis.

At the time of writing, the stock was trading at $14.10. This represents a change from the opening price of 0.07%. In terms of performance, year to date, the stock is 50.70%. The monthly stock performance comes in at -6.35%. For the quarter, shares are performing at -11.73%. Weekly performance analysis shows the equity at -1.96%.

In taking a look at technical levels, shares are trading -5.02% away from the 50 day simple moving average and 13.62% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -15.26% away from it’s 52- week high and 89.77% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, IRIDEX Corporation’s RSI stands at 40.98. In looking at volatility levels, the shares saw weekly volatility of 3.84% and 3.38% over the past month.

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