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After finishing at $75.77 in the prior trading day, iRhythm Technologies Inc (NASDAQ: IRTC) closed at $72.44, down -4.39%. In other words, the price has decreased by -$4.39 from its previous closing price. On the day, 1.31 million shares were traded. IRTC stock price reached its highest trading level at $75.83 during the session, while it also had its lowest trading level at $67.92.
Ratios:
Our goal is to gain a better understanding of IRTC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 6.76 and its Current Ratio is at 6.92. In the meantime, Its Debt-to-Equity ratio is 7.43 whereas as Long-Term Debt/Eq ratio is at 7.27.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on October 04, 2024, initiated with a Neutral rating and assigned the stock a target price of $78.
On June 20, 2024, Wolfe Research Upgraded its rating to Outperform which previously was Peer Perform but kept the price unchanged to $115.
Citigroup Upgraded its Neutral to Buy on December 11, 2023, while the target price for the stock was maintained at $110.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 09 ’24 when Bobzien Brice sold 1,372 shares for $70.34 per share. The transaction valued at 96,506 led to the insider holds 24,428 shares of the business.
Patterson Chad bought 280 shares of IRTC for $20,994 on May 31 ’24. The Chief Commercial Officer now owns 40,145 shares after completing the transaction at $74.98 per share. On Aug 02 ’24, another insider, Patterson Chad, who serves as the Chief Commercial Officer of the company, sold 3,012 shares for $74.66 each. As a result, the insider received 224,876 and left with 37,133 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IRTC now has a Market Capitalization of 2370113792 and an Enterprise Value of 2480560640. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.21 while its Price-to-Book (P/B) ratio in mrq is 22.79. Its current Enterprise Value per Revenue stands at 4.429 whereas that against EBITDA is -21.473.
Stock Price History:
Over the past 52 weeks, IRTC has reached a high of $124.11, while it has fallen to a 52-week low of $55.92. The 50-Day Moving Average of the stock is 4.80%, while the 200-Day Moving Average is calculated to be -22.70%.
Shares Statistics:
The stock has traded on average 597.01K shares per day over the past 3-months and 858690 shares per day over the last 10 days, according to various share statistics. A total of 30.95M shares are outstanding, with a floating share count of 30.72M. Insiders hold about 1.66% of the company’s shares, while institutions hold 114.50% stake in the company. Shares short for IRTC as of 1728950400 were 2524248 with a Short Ratio of 4.23, compared to 1726185600 on 2690315. Therefore, it implies a Short% of Shares Outstanding of 2524248 and a Short% of Float of 8.1199996.
