Reported 5 months ago
iRobot stock has plummeted 72% this year following the failure of Amazon's acquisition deal, with declining sales and financial struggles contributing to the drop. Despite bringing on a new CEO experienced in turnarounds, iRobot faces challenges in a competitive market amid inflation and potential recession. Trading at a discount, the stock may be appealing to contrarian investors, but its speculative nature and uncertain future suggest caution, with waiting to assess the CEO's impact and turnaround progress recommended before considering an investment.
Source: YAHOO