From NASDAQ: 2024-05-04 19:10:00

iRobot, known for robotic vacuums, has seen an 80% drop in stock value after Amazon deal failed. Revenue projections show little innovation or profitability, raising concerns for investors. The terminated deal with Amazon may have been a missed opportunity for iRobot to grow and innovate. Financial outlook remains bleak with ongoing losses despite some income. Restructuring efforts might not be enough to overcome challenges in a competitive market. Investors facing significant risks as iRobot struggles to turnaround. Recommendations suggest divesting from iRobot could be a wise decision due to uncertainties. Stock Advisor suggests other stocks for better returns than iRobot. Former CEO of Whole Foods Market, John Mackey, is on The Motley Fool’s board.



Read more at NASDAQ: It’s Time to Rethink Holding This Beaten-Down Stock After an 80% Plummet