Market Read®

  • Saturday, February 13 2016

This prediction has passed its maturity date!

This prediction was valid between April 05, 2013 and April 19, 2013. All information in this report is for reference only and should not be considered forward looking.

(NASDAQ: IRIX)

Iridex Corp.


Bearish

IRIDEX Corporation develops, manufactures, markets, sells, and services medical laser systems and associated instrumentation for the treatment of the sight-threatening eye diseases. The company offers laser consoles, such as visible (yellow) photocoagulator consoles, visible (Green) photocoagulator consoles, infrared photocoagulator consoles, micropulse enabled consoles, and multi-wavelength laser system configurations; and ophthalmic delivery devices and other products, including TxCell scanning laser delivery systems, TruFocus laser indirect ophthalmoscopes, slit lamp adapters, and operating microscope adapters. Its ophthalmic delivery devices and other products also comprise EndoProbe, a fiber optic delivery device used for endophotocoagulation; G-Probe, a sterile single-use product used in procedures to treat medically and surgically uncontrolled glaucoma; DioPexy Probe, a hand-held instrument used in procedures to treat retinal tears; GreenTip Soft Tip Cannula used to visualize and access the proximity of the retina while performing a fluid air exchange during a vitrectomy procedure; and MoistAir in-line air humidifier that provides humidified air to the eye during fluid air exchange. The company serves ophthalmologists, research and teaching hospitals, government installations, surgical centers, hospitals, and office clinics. It sells and markets its products through a direct sales force in the United States, as well as through independent distributors internationally. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was founded in 1989 and is headquartered in Mountain View, California.

Investment Highlights

  • PATTERN SCAN predicts the price of IRIX expected to move down in the coming weeks based on the appearance of a 'Trend Line Break(2)' pattern. Specifically, a Breakout (Stocks) DO variant of Trend Line Break(2) has been detected. The target is $4.16. more
  • VALUATION predicts the average valuation using most known fundamental valuation techniques is $1.19. more

Predictive Range March 18, 2013 - April 19, 2013

Anticipated price movement, between prediction date and target date, based on all market reads.
$4.48 - $2.68

How WealthMakers Market Reads Work:

WealthMakers Market Reads™ provide you with market performance predictions based on proprietary technologies, trading algorithms and data to help you make better, more informed investment decisions. Here's a quick review of our predictive technologies:

  • EARNINGS Most stock price histories show random or unpredictable movements around earnings reports. But some repeat the same pattern quarter after quarter, year after year. Earnings predicts probability, price move and length of move before and after all US stock earnings reports.
  • FRICTION FACTOR Friction Factor is based on the relationship between the price of a stock and the volume at which it's bought and sold. Normal and abnormal Friction factor patterns can help you time your buying and selling decisions for maximum earnings potential.
  • GATS The Global Automated Trading System (GATS) combines neural networks and genetic algorithms to reduce investment risks. GATS selects the highest probability trades in stocks, bonds, options, commodities, currencies and private equities, delivering precise, predictive and profitable data.
  • GROUP SECTOR Certain institutions can exert buying or selling pressure over an entire industry group, pushing prices higher. Group Sector identifies stocks that most closely match their group's movement and generate powerful group consensus trading signals to help you profit from the herd mentality.
  • PATTERN SCAN This technology automatically tracks "Trigger Events" that positively or negatively affect the value of a stock — or its perceived value among analysts — ranging from price fluctuations to natural disasters and political shifts. The results reveal patterns that can predict market movements.
  • EVENTS Events describe the current technical situation in your stock. It displays the technicals, trend conditions and seasonal factors and automatically discovers how that stock has performed in the trading days following the occurrences of the event or combination of events. This technology automatically scans using complex historical queries based on what event is taking place right now in the stock. It then displays the probability, expected return and number of trading days for the expected move.
  • RegSHO NAKED SHORTS SEC Regulation SHO mandates that if a clearing agent holds a fail-to-deliver position for 13 consecutive settlement days, it must purchase securities to close out its position, a.k.a. a forced cover. WealthMakers aggregates data from NYSE, AMEX, NASDAQ, OTCBB and PINKSHEETS to track stocks that are about to have forced covers.
  • SEASONALITY Seasonality analyzes more than 20 years of data to determine if stocks have a long or short seasonal bias, how many trading days the move is expected to last, the probability of that move and the percentage move the stock is expected to make based on the seasonal bias.
  • SQUEEZE TRIGGER Our proprietary database of more than 3,500,000,000 short sale transactions allows us to calculate the exact price at which the total short interest is short in each stock. Squeeze Trigger Alerts let you know exactly when a short squeeze will start and how to trade profitably.
  • VALUATION A stock's value is a function of its forecasted earnings per share and forecasted earnings growth, as well as profitability, interest and inflation rates. Valuation use these metrics to determine at what price a stock is undervalued or overvalued, so that you can make investment decisions accordingly.
  • INSIDER Significant stock sales or purchases by company "insiders" (officers or directors) can be a predictor of future price movements — up or down. The Insider strategy tracks these actions and correlates them with historical data to give you an investment edge.

Pattern Scan

 

Tracks "Trigger Events" that positively or negatively affect the value of a stock.

Iridex Corp. (NASDAQ: IRIX) is predicted to go down in coming weeks based on bearish technical trends that have appeared in the recent performance of the stock. IRIX has demonstrated Trend Line Break(2) strategy Breakout (Stocks) DO with a strength of 4.0/5. The higher the strength, the higher the probability of an accurate prediction.

  • The price of IRIX expected to move down in the coming weeks.
  • PatternScan has detected that a 'Breakout (Stocks) DO' pattern has appeared.
  • Specifically, a Breakout (Stocks) DO variant of Trend Line Break(2) has been detected.
  • This indicates a high probablity that IRIX will move down in the coming weeks.

Valuation

 

Determines the price at which stocks are undervalued or overvalued.

Iridex Corp. (NASDAQ: IRIX) is espected to fall due to overvaluation of the Laser Systems and Components sector according to industry standard valuation metrics. The valuation model employs a three-factor approach to stock valuation using fundamental variables: the company's trailing 12-month Earnings-Per-Share (EPS), the analyst consensus estimate of the company's forecasted 12-month EPS, and the 30-year Treasury yield.

  • The price of IRIX expected to move down soon.
  • IRIX is strongly correlated (None) to stocks in the Laser Systems and Components sector.
  • Based on our valuation formula, IRIX has a fair market value of $1.19
  • These stocks have fired sell signals, and IRIX is expected to follow.

Squeeze Trigger

 

We have a proprietary database of all trading in US stocks and maintain massive databases of short sale and naked short sale time and sales data, along with short squeeze SqueezeTrigger prices. We are the only firm that knows the exact price that a short squeeze will start in every US stock.

The Cumulative Squeeze Trigger price for IRIX is 6.89.

Date Short Volume Short Value SqueezeTrigger
2016-02-29 16911 156009.0483 9.2253
2016-01-31 33679 308583.8375 9.1625
2015-12-31 60425 569143.075 9.419
2015-11-30 54896 496803.3104 9.0499
2015-10-31 73372 580519.264 7.912
2015-09-30 62240 442912.288 7.1162
2015-08-31 116398 785593.3816 6.7492
2015-07-31 125456 929691.688 7.4105
2015-06-30 61739 533604.0031 8.6429
2015-05-31 1800 17928.0 9.96
2015-04-30 37463 380586.617 10.159
2015-03-31 90789 931840.1382 10.2638
2015-02-28 101622 1003568.061 9.8755
2015-01-31 44337 399813.3312 9.0176
2014-12-31 29067 245909.7267 8.4601
2014-11-30 25189 198129.1173 7.8657
2014-10-31 54458 388786.5536 7.1392
2014-09-30 7958 64295.0694 8.0793
2014-08-31 46164 367211.538 7.9545
2014-07-31 48838 383817.842 7.859

Friction Factor

 

Friction Factor determines if there is normal or abnormal behavior in the price action of the stock when compared to the buying vs. selling trading statistics. It shows us how many more shares of buying than selling it takes to move a stock higher by 1 cent, or how many more shares of selling than buying it takes to drop a stock by 1 cent.
Here is how to understand Friction Factor:

  • If Friction Factor is positive, more buying than selling caused IRIX's price to rise
  • If Friction Factor is negative, more selling than buying caused IRIX's price to fall
  • If Friction Factor is 0, there was no discernable activity either way
  • If Friction Factor is abnormal, it means that more buying than selling caused the price to drop which is evidence of manipulative activity. In some cases more selling than buying can cause the price to increase. While this is rare, it must be noted as well. Friction Factor raw data.

Date Change Buy Vol Sell Vol Net Vol Friction
2016-02-10 0.06 2992 2367 625 104.1666667
2016-02-09 -0.03 5450 5859 -409 -136.3333333
2016-02-08 -0.14 3243 4430 -1187 -84.78571429
2016-02-05 -0.21 6606 2800 3806 Bearish Bias
2016-02-04 0.08 500 2000 -1500 Bullish Bias
2016-02-03 -0.15 5934 2650 3284 Bearish Bias
2016-02-02 -0.19 4800 845 3955 Bearish Bias
2016-02-01 0.0 3200 4591 -1391 Bullish Bias
2016-01-29 0.15 3800 2400 1400 93.33333333
2016-01-28 0.46 9499 5735 3764 81.82608696
2016-01-27 0.0 5811 13511 -7700 Bullish Bias
2016-01-26 0.0 1908 2110 -202 Bullish Bias
2016-01-25 -0.04 2609 3131 -522 -130.5
2016-01-22 -0.01 1400 2100 -700 -700
2016-01-21 0.02 3087 3599 -512 Bullish Bias
2016-01-20 -0.04 11501 3900 7601 Bearish Bias
2016-01-19 -0.33 7579 6484 1095 Bearish Bias
2016-01-15 0.14 2337 3759 -1422 Bullish Bias
2016-01-14 0.18 400 3100 -2700 Bullish Bias
2016-01-13 -0.13 4400 10586 -6186 -475.8461538

General Results

 

Past success in predictions regarding all predictions on the WealthMakers platform.

Our prediction engine has a track record that is second to none. See for our results.

Read Type Avg Return Avg Maturity Days Hits Misses % Accurate
Insider 17.553 84.68 14377 618 95.88%
Valuation 14.484 26.96 4201 302 93.29%
SqueezeTrigger 12.457 21.32 10637 784 93.14%
Seasonality 7.254 15.1 56975 5391 91.36%
Group Correlation 7.045 14.97 9369 1081 89.66%
PatternScan 8.441 11.36 221091 32994 87.01%
Events 6.798 11.26 4528 692 86.74%
Earnings 8.497 10.32 24795 5011 83.19%
GATS 5.557 7.87 79136 16569 82.69%
Naked Shorts 13.649 10.99 2923 752 79.54%
Friction Factor 6.987 3.61 8215 2373 77.59%

About Wealthmakers

WealthMakers gives institutional and individual investors an exclusive advantage in making precise, predictive and profitable trading decisions. Our proprietary technologies — Earnings, Seasonality, Squeeze Trigger, Group Sector and GATS — apply artificial intelligence, proprietary algorithms, market data and research to help our clients realize exponential returns. Find out more at WealthMakers.com.

All material herein was prepared by WealthMakers, based upon information believed to be reliable. The information contained herein is not guaranteed by WealthMakers to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. WealthMakers is not a registered investment advisor in the State of California. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. WealthMakers or its affiliates may receive compensation from independent third parties, or from the companies mentioned, for data provided in this report or related services. WealthMakers affiliates, officers, directors and employees do not own shares of the company mentioned in this report, but may from time to time buy/sell the shares discussed in this opinion and may profit from those trades. Market commentary provided by Thomas Ronk, a registered investment advisor and commodities trading advisor in California. WealthMakers will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment.

All Rights Reserved. Copyright 2011 WealthMakers

Overview
Last Price$9.11
52 Week Range$5.30 - $11.00
1 Month Range$7.55 - $8.77
Avg Daily Volume24335.0
PE Ratio43.57
 
Earnings Per Share
YearEPS
2016(E)$0.182
 
Capitalization
Shares Outstanding9MM
Market Capitalization$79.30MM
 
 

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