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Irhythm Technologies (IRTC)
NASDAQ:IRTC
Irhythm Technologies (IRTC) Stock Price & Analysis
476 Followers
IRTC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$70.24 - $140.00
Previous Close$112.09
Volume264.42K
Average Volume (3M)448.55K
Market Cap
$3.47B
Enterprise Value$3.45B
Total Cash (Recent Filing)$158.47M
Total Debt (Recent Filing)$131.74M
Price to Earnings (P/E)-27.7
Beta1.43
Next Earnings
May 02, 2024EPS Estimate
-$0.97Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.04
Shares Outstanding30,978,772
10 Day Avg. Volume271,475
30 Day Avg. Volume448,554
Standard Deviation0.19
R-Squared0.13
Alpha0.00901
Financial Highlights & Ratios
Price to Book (P/B)16.60
Price to Sales (P/S)8.45
Price to Cash Flow (P/CF)-54.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.29
Enterprise Value/Gross Profit12.23
Enterprise Value/Ebitda-55.66
Forecast
1Y Price Target
$135.56Price Target Upside20.94% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
Irhythm Technologies News
Bulls Say, Bears Say
Bulls Say
Financial StrategyIRTC announced a $450M convertible debt offering to be used for general corporate purposes, to strengthen the balance sheet, and to reduce its cost of capital.
Market ExpansionInternational market entrance is progressing with plans for early-2025 entry in Japan, expected to drive growth for IRTC.
Strategic PartnershipsThe partnership with Signify Health and the potential for future similar deals is a positive move, with a full launch of the collaboration potentially being material to IRTC's top line.
Bears Say
Company GuidanceIRTC lowered its year-over-year growth forecast by 1 percentage point to 17-19%.
Financial PerformanceConvertible Debt Offering resulted in increased interest expense, leading to a decrease in estimated EPS for the years 2024 to 2026.
Operational EfficiencyMargins came in weaker than expected as Zio Monitor adoption drove near-term inefficiencies.
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Ownership Overview
3.16% Insiders
42.06% Mutual Funds
16.34% Other Institutional Investors
38.44% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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IRTC FAQ
What was Irhythm Technologies’s price range in the past 12 months?
Irhythm Technologies lowest stock price was $70.24 and its highest was $140.00 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 May 02, 2024 which is in 8 days.
How were Irhythm Technologies’s earnings last quarter?
Irhythm Technologies released its earnings results on Feb 22, 2024. The company reported -$1.26 earnings per share for the quarter, missing the consensus estimate of -$0.579 by -$0.681.
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 -$0.97.
How many shares outstanding does Irhythm Technologies have?
Irhythm Technologies has 30,978,771 shares outstanding.
What happened to Irhythm Technologies’s price movement after its last earnings report?
Irhythm Technologies reported an EPS of -$1.26 in its last earnings report, missing expectations of -$0.579. Following the earnings report the stock price went down -8.69%.
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 240M.
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Irhythm Technologies Stock Smart Score
Underperform
1
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10
Analyst Consensus
Strong Buy
Average Price Target:
$135.56 (20.94% Upside)
$135.56 (20.94% Upside)
Blogger Sentiment
Bullish
IRTC Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 175.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $6.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 0.7%
Last 30 Days ▼ 0.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-17.75%
12-Months-Change
Fundamentals
Return on Equity
-54.86%
Trailing 12-Months
Asset Growth
-3.36%
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
Q4 2024
0:00 / 0:00
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IRTC Stock 12 Months Forecast
Average Price Target
$135.56
▲(20.94% Upside)
Technical Analysis
Best Analysts Covering IRTC
1 Year
1 Year Success Rate
6/14 ratings generated profit
1 Year Average Return
+0.16%
assigned a buy rating 2 months ago
Copying David Rescott's trades and holding each position for 1 Year would result in 42.86% of your transactions generating a profit, with an average return of +0.16% per trade.
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