IRIDEX (IRIX) Stock Drops Over 8% Amid Market Fluctuations

Dec 05, 2024

IRIDEX Corporation (IRIX, Financial), a company specializing in laser medical systems, experienced a significant stock decline of 8.11%, with shares priced at $1.70. The trading volume reached 15,573 shares, with a turnover rate of 0.09% and a volatility of 3.78%. Recent financial reports show revenues of $11.58 million and a net loss of $1.93 million, resulting in an earnings per share of -$0.12 and a P/E ratio of -2.63.

Currently, there are no institutional ratings for IRIDEX. The medical device industry, where IRIDEX operates, saw an overall decline of 1.08%. Notable performers in the sector include Bluejay Diagnostics, Inc. and Myomo Inc. IRIDEX continues to focus on developing ophthalmology products powered by its proprietary micro-pulse technology.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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