Stock Price Prediction

IRIX stock closed at $1.64 on January 31, 2025, with a post-market increase of 2.44%. The bull's view is optimistic due to the company's focus on profitability, as highlighted by its Q4 2024 positive EBITDA target and cost restructuring initiatives aimed at improving margins and financial strength in 2025. Additionally, the new CEO, Patrick Mercer, brings operational efficiency strategies, which could support a potential price recovery above $2.00 in the near term.

IRIX stock currently shows limited growth potential. The company’s revenue for 2024 is projected to decline to $48.6-$48.7 million from $51.9 million in 2023, reflecting operational challenges despite cost restructuring efforts. With a focus on achieving profitability in 2025, the stock may face downward pressure in the short term.

The market consensus for IRIX's revenue in the upcoming quarter is projected to be approximately $12.1M USD.