At the time of writing, iRhythm Technologies Inc [IRTC] stock is trading at $106.88, up 2.10%. 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 0.26% over the last week, with a monthly amount drifted -2.03%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Goldman started tracking the stock with Neutral rating on October 04, 2024, and set its price target to $78. On June 20, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $115 on the stock. Citigroup upgraded its rating to a Buy but stick to its price target of $110 on December 11, 2023. Robert W. Baird initiated its recommendation with a Outperform and recommended $130 as its price target on July 19, 2023. Wells Fargo started tracking with a Overweight rating for this stock on February 07, 2023, and assigned it a price target of $150. In a note dated November 07, 2022, Wolfe Research upgraded an Peer Perform rating on this stock.
For the past year, the stock price of iRhythm Technologies Inc fluctuated between $55.92 and $128.52. Currently, Wall Street analysts expect the stock to reach $97.8 within the next 12 months. iRhythm Technologies Inc [NASDAQ: IRTC] shares were valued at $106.88 at the most recent close of the market. An investor can expect a potential drop of -8.5% based on the average IRTC price forecast.
Analyzing the IRTC fundamentals
According to iRhythm Technologies Inc [NASDAQ:IRTC], the company’s sales were 591.84M for trailing twelve months, which represents an 24.01% jump. Gross Profit Margin for this corporation currently stands at 0.69% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.19%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -1.29 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 8.11.
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 102.83 points at the first support level, and at 98.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 109.11, and for the 2nd resistance point, it is at 111.35.
Ratios To Look Out For
It is important to note that iRhythm Technologies Inc [NASDAQ:IRTC] has a current ratio of 5.82. Also, the Quick Ratio is 5.70, while the Cash Ratio stands at 3.78. Considering the valuation of this stock, the price to sales ratio is 5.67, the price to book ratio is 36.91.
Transactions by insiders
Recent insider trading involved Blackford Quentin S., President and CEO, that happened on Mar 03 ’25 when 8145.0 shares were sold. Chief Accounting Officer, Rosenbaum Marc W. completed a deal on Mar 03 ’25 to sell 314.0 shares. Meanwhile, EVP Strategic Business Ops Smith Mervin sold 638.0 shares on Mar 03 ’25.
