How to Buy Iridex Stock
Iridex Corp
IRIDEX Corporation, an ophthalmic medical technology company, provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat sight-threatening eye diseases in ophthalmology.
Iridex stock last closed at $2.94, down 2.97% from the previous day, and has increased 29.52% in one year. It has overperformed other stocks in the Medical Devices industry by 0.46 percentage points. Iridex stock is currently +124.43% from its 52-week low of $1.31, and -19.45% from its 52-week high of $3.65.
As of Apr 24, 2024, there are 16.25M shares of IRIX outstanding. The market cap of IRIX is $47.78M. In the past 24 hours, 10,149 IRIX shares were traded.
How to Buy Iridex Stock
Wondering how to invest in Iridex stock? Here's how.
- Decide where to buy Iridex stock: You need to decide on a stock brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you decide where to buy Iridex stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your method of payment and add your information.
- Analyze Iridex stock: The Iridex ticker symbol is IRIX. Is Iridex stock a good investment? Should you buy shares of IRIX? How do IRIX's underlying business fundamentals look? Do top analysts think Iridex is a good buy? Why has IRIX's stock price moved recently? (Hint: Our stock research website can help you evaluate if IRIX is a good stock to buy).
- Execute your IRIX buy order: Decide if you will purchase IRIX shares at the current market price or use a limit order to buy IRIX shares at a given price.
- Get updates on your IRIX position: Create a watchlist to keep track of your new investment in Iridex shares.
Step 1: Decide where to buy Iridex stock
You need a brokerage account to access the NASDAQ market and buy IRIX shares.
Our preferred brokerage: eToro
In our opinion, eToro is the best brokerage. Here's why:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to world markets: From Technology to Industrials, New York to Hong Kong — you can fill your portfolio with stocks from the world's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, it's time to fill out some personal details so you can buy IRIX stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to create your new trading account.
- Submit your data by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on the best beginner stock app, your next step is to transfer the money for your investment:
Watch the walkthrough below if you need help transferring funds into your new investment account.
Step 4: Analyze Iridex stock
Once you have identified the best place to buy Iridex stock, it's crucial to evaluate their stock before you buy, so you actually comprehend the risk as well as the upside.
Iridex Metrics
IRIX Overview
WallStreetZen was built to help everyday investors do more accurate fundamental analysis.
You can view all of the due diligence checks on IRIX's stock page.
How is IRIX stock valued?
You can use many financial metrics, analyses, models, and charts to gauge IRIX's true value.
Using relative valuations ratios:
- IRIX may be overvalued based on its P/B ratio of 5.02x, relative to Medical Devices industry P/B ratio of 3.73x
You can access additional valuation analysis on IRIX's stock here.
A quick look at IRIX Financials
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the IRIX balance sheet.
- There are more short-term assets than long-term liabilities on the IRIX balance sheet.
- IRIX has cash burn of 6854000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- Total IRIX debt is higher than 5 years ago, relative to shareholder equity.
- IRIX has a relatively high debt to equity ratio of 2.62.
- IRIX has $7.03M in cash and short term investments. This is not sufficient to cover its annual cash burn of $6.85M.
- IRIX profit margin has gone down from -13.2% to -18.5% in the past year.
You can dig deeper into what analysts are forecasting on the Iridex stock forecast page.
IRIX Technicals
Is IRIX Growing Revenue?
Last year, IRIX revenue was $51.87M. During the last five year, IRIX's revenue has gone up by 4.02% per year. This was slower than the Medical Devices industry average of 13.35%.
Dive into IRIX's earnings and revenue performance here.
Are IRIX executives and large shareholders buying or selling the stock?
In the last 12 months, executives and large shareholders at IRIX have bought more shares than they have sold.
Nandini Devi, Director of IRIX, was the latest IRIX insider to buy. They bought $74,999.97 worth of IRIX stock on Jun 14, 2023.
Dig into more about who owns IRIX stock here.
Does IRIX provide a stable income stream?
No, Iridex doesn't provide an income stream by paying out dividends.
IRIX Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Execute your IRIX buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a given price, use a limit order.
Click the Open Trade button and eToro will place the order.
If you want additional info about investing in stocks on eToro, watch the how to video below:
Step 6: Get updates on your IRIX position
Now that you own some IRIX shares, you'll want to keep up with your company.
Create a watchlist to see the latest developments about your IRIX stock.
IRIX Feed
How to Buy Stock in Iridex
To reiterate, here are the 6 steps you need to take to buy Iridex stock right now:
- Decide where to buy Iridex stock
- Create your brokerage account
- Fund your investment account
- Analyze Iridex stock
- Execute your IRIX buy order
- Get updates on your IRIX position
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest news on your new investment in Iridex, get started below.
Related Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.