The company still has expertise and patents in the robot and automation world. Their debt is manageble and robotics still has potential in other areas like warehouse. Also a 33% short interest means that any move up would encourage shorters to close their positions. I think 28$ is a good target.
iRobot Corporation (NASDAQ: NASDAQ:IRBT ), a prominent player in the consumer robotics industry, has unveiled a comprehensive operational restructuring plan. The announcement comes on the heels of the mutual decision with Amazon to terminate their proposed merger agreement. The restructuring plan includes leadership transitions, cost-saving measures, and a renewed...
iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for...
from two quarters in a row of beating on earnings.
ADX oscillator shows a positive direction.
Good support for long entry just above
POC on long-term volume profile
This is the company that makes the vacuum cleaner robots
and those that mow the grass.
IRBT looks like an attractive long-term buy as it sits hovering around its 13-year support trend line. RSI signaling we are around oversold territory on the weekly. Scaling into an IRBT position seems like a smart move here as short-term momentum will likely take price action lower to the 29.72 support area.
This is not financial advice. Good Luck!
iRobot makes robotic applications primarily for residential household use, like vacuums and pool cleaners. The company has a steady upward trajectory with revenue growing on average 20% per annum for the past several years. However today, the stock has been beaten down 3.75% on below average volume. It's currently under the lower Buy Sell Band with a RSI of 13 and...
Related News : "Bad decisions, bad luck, and then increased demand" has led to a global semiconductor shortage, with the bad luck being the covid 19 pandemic closing down the only factories that made chips, and the increased demand being bored children who want a new iPhone 12 to pass time during quarantine.
How iRobot is Affected : iRobot needs semiconductors...
IRBT daily frame shows a hammer candle matching previous support from January. RSI shows a slight uptrend in divergence against price which is in a downtrend with new lower lows. Fibonacci retracement suggests possibles take profit points. Wait until confirmation in lower timeframes so the best entry point could be found.
Disclaimer: This is not financial advice....
