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Irhythm Technologies (IRTC)
NASDAQ:IRTC
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IRTC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$60.88 - $124.12
Previous Close$71.03
Volume367.63K
Average Volume (3M)480.52K
Market Cap
$2.22B
Enterprise Value$2.39B
Total Cash (Recent Filing)$561.46M
Total Debt (Recent Filing)$736.54M
Price to Earnings (P/E)―
Beta1.48
Next Earnings
Oct 31, 2024EPS Estimate
-$0.57Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.26
Shares Outstanding31,236,075
10 Day Avg. Volume534,223
30 Day Avg. Volume480,516
Standard Deviation0.20
R-Squared0.10
Alpha0.00183
Financial Highlights & Ratios
Price to Book (P/B)22.34
Price to Sales (P/S)4.16
Price to Cash Flow (P/CF)47.20
P/FCF Ratio84.10
Enterprise Value/Market CapN/A
Enterprise Value/Revenue4.46
Enterprise Value/Gross Profit7.21
Enterprise Value/Ebitda-52.82
Forecast
1Y Price Target
$117.89Price Target Upside61.32% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Irhythm Technologies News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceIRTC delivered a Q2/24 beat and raise with $148.0M (+19.3% Y/Y) in revenue besting CG’s/consensus $146.2M estimate.
Operational EfficiencyThe shift of back-office resources to the Philippines is expected to drive noticeable improvement in operating expenses, with long-term benefits due to lower labor costs.
Product DevelopmentThe new product, Zio MCT, promises to change its market fit, potentially leading to meaningful share capture in the connected monitoring market.
Bears Say
Management ChangesThe company announced a CFO transition, as Brice Bobzien will be stepping away for personal/family reasons and Dan Wilson will be assuming the role.
Operational RisksIRTC received ~4K complaints related to certified cardiographic technicians over the last 2 years, including misreading and providing this data for diagnosis.
Regulatory IssuesThere is a possibility of another warning letter from the FDA.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
IRTC FAQ
What was Irhythm Technologies’s price range in the past 12 months?
Irhythm Technologies lowest stock price was $60.88 and its highest was $124.11 in the past 12 months.
What is Irhythm Technologies’s market cap?
Currently, no data Available
When is Irhythm Technologies’s upcoming earnings report date?
Irhythm Technologies’s upcoming earnings report date is Oct 31, 2024 which is in 41 days.
How were Irhythm Technologies’s earnings last quarter?
Irhythm Technologies released its earnings results on Aug 01, 2024. The company reported -$0.65 earnings per share for the quarter, beating the consensus estimate of -$0.893 by $0.243.
Is Irhythm Technologies overvalued?
According to Wall Street analysts Irhythm Technologies’s price is currently Undervalued.
Does Irhythm Technologies pay dividends?
Irhythm Technologies does not currently pay dividends.
What is Irhythm Technologies’s EPS estimate?
Irhythm Technologies’s EPS estimate is -$0.57.
How many shares outstanding does Irhythm Technologies have?
Irhythm Technologies has 31,236,074 shares outstanding.
What happened to Irhythm Technologies’s price movement after its last earnings report?
Irhythm Technologies reported an EPS of -$0.65 in its last earnings report, beating expectations of -$0.893. Following the earnings report the stock price went down -12.277%.
Which hedge fund is a major shareholder of Irhythm Technologies?
Among the largest hedge funds holding Irhythm Technologies’s share is Sands Capital Management LLC. It holds Irhythm Technologies’s shares valued at 229M.
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Irhythm Technologies Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$117.89 (61.32% Upside)
$117.89 (61.32% Upside)
Blogger Sentiment
Bullish
IRTC Sentiment 100%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 198.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $521.1K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 12.4%
Last 30 Days ▲ 12.4%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-23.73%
12-Months-Change
Fundamentals
Return on Equity
-81.46%
Trailing 12-Months
Asset Growth
114.02%
Trailing 12-Months
Company Description
Irhythm Technologies
iRhythm Technologies, Inc. is a commercial-stage digital healthcare company, which engages in the development of monitoring and diagnostic solutions for detection of cardiac arrhythmias. It offers ZIO which diagnose many arrhythmias, avoiding multiple indeterminate tests, allowing for appropriate medical intervention, and prevents serious downstream medical events. The company was founded by Uday N. Kumar in September 2006 and is headquartered in San Francisco, CA.
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IRTC Company Deck
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IRTC Earnings Call
Q2 2024
0:00 / 0:00
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IRTC Stock 12 Month Forecast
Average Price Target
$117.89
▲(61.32% Upside)
Technical Analysis
Best Analysts Covering IRTC
1 Year
1 Year Success Rate
6/21 ratings generated profit
1 Year Average Return
-20.51%
reiterated a buy rating 29 days ago
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