At the time of writing, iRhythm Technologies Inc [IRTC] stock is trading at $61.77, up 2.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IRTC shares have gain 5.28% over the last week, with a monthly amount drifted -13.62%, and not 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 October 04, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $78. Previously, Wolfe Research upgraded its rating to Outperform on June 20, 2024, and kept the price target unchanged to $115. On December 11, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $110 on the stock. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $130 on July 19, 2023. Wells Fargo initiated its recommendation with a Overweight and recommended $150 as its price target on February 07, 2023. Wolfe Research upgraded its rating to Peer Perform for this stock on November 07, 2022. In a note dated June 09, 2022, Citigroup downgraded an Neutral rating on this stock and revised its target price from $180 to $155.
For the past year, the stock price of iRhythm Technologies Inc fluctuated between $55.92 and $124.11. Currently, Wall Street analysts expect the stock to reach $126.83 within the next 12 months. iRhythm Technologies Inc [NASDAQ: IRTC] shares were valued at $61.77 at the most recent close of the market. An investor can expect a potential return of 105.33% based on the average IRTC price forecast.
Analyzing the IRTC fundamentals
According to iRhythm Technologies Inc [NASDAQ:IRTC], the company’s sales were 537.09M for trailing twelve months, which represents an 19.27% jump. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.66.
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 60.53 points at the first support level, and at 59.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.85, and for the 2nd resistance point, it is at 63.93.
Ratios To Look Out For
It is important to note that iRhythm Technologies Inc [NASDAQ:IRTC] has a current ratio of 6.92. As well, the Quick Ratio is 6.76, while the Cash Ratio is 5.62. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 19.44.
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.
