A share price of iRhythm Technologies Inc [IRTC] is currently trading at $72.69, up 3.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IRTC shares have gain 2.34% over the last week, with a monthly amount glided 4.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
iRhythm Technologies Inc [NASDAQ: IRTC] stock has seen the most recent analyst activity on June 20, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $115 for it. Previously, Citigroup upgraded its rating to Buy on December 11, 2023, and kept the price target unchanged to $110. On July 19, 2023, Robert W. Baird initiated with a Outperform rating and assigned a price target of $130 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $150 on February 07, 2023. Wolfe Research upgraded its rating to a Peer Perform. Citigroup downgraded its rating to Neutral for this stock on June 09, 2022, and downed its price target to $155. In a note dated April 06, 2022, Wolfe Research initiated an Underperform rating and provided a target price of $105 on this stock.
iRhythm Technologies Inc experienced fluctuations in its stock price throughout the past year between $60.88 and $124.11. Currently, Wall Street analysts expect the stock to reach $138.1 within the next 12 months. iRhythm Technologies Inc [NASDAQ: IRTC] shares were valued at $72.69 at the most recent close of the market. An investor can expect a potential return of 89.98% based on the average IRTC price forecast.
Analyzing the IRTC fundamentals
Trailing Twelve Months sales for iRhythm Technologies Inc [NASDAQ:IRTC] were 537.09M which represents 19.27% growth. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.85 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 71.09 points at the first support level, and at 69.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.11, and for the 2nd resistance point, it is at 75.53.
Ratios To Look Out For
To put it in perspective, the Current Ratio for iRhythm Technologies Inc [NASDAQ:IRTC] is 6.92. Also, the Quick Ratio is 6.76, while the Cash Ratio stands at 5.62. Considering the valuation of this stock, the price to sales ratio is 4.23, the price to book ratio is 22.87.
Transactions by insiders
Recent insider trading involved Bobzien Brice, Chief Financial Officer, that happened on Aug 09 ’24 when 1372.0 shares were sold. Chief Commercial Officer, Patterson Chad completed a deal on May 31 ’24 to buy 280.0 shares. Meanwhile, Chief Commercial Officer Patterson Chad sold 3012.0 shares on Aug 02 ’24.
