iRobot still has value
Updated
The company still has expertise and patents in the robot and automation world. Their debt is manageble and robotics still has potential in other areas like warehouse. Also a 33% short interest means that any move up would encourage shorters to close their positions. I think 28$ is a good target.
Trade active
Looking at the way the chart evolved in the last couple of weeks, it seems to me now that maybe there is still a target below. I will exit the long trade at around 16$ and wait to see what happens next. Lowest possible target: 2$! This would fit with patterns from other stocks that broke all time lows, like PTON or SPOT.Note
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