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In the latest session, iRhythm Technologies Inc (NASDAQ: IRTC) closed at $64.64 down -8.94% from its previous closing price of $70.99. In other words, the price has decreased by -$8.94 from its previous closing price. On the day, 0.54 million shares were traded. IRTC stock price reached its highest trading level at $71.07 during the session, while it also had its lowest trading level at $64.54.
Ratios:
For a deeper understanding of iRhythm Technologies Inc’s stock, let’s take a closer look at its various 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.
On December 11, 2023, Citigroup Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $110.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $130.Robert W. Baird initiated its Outperform rating on July 19, 2023, with a $130 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 sold 3,012 shares of IRTC for $224,876 on Aug 02 ’24. The Chief Commercial Officer now owns 37,133 shares after completing the transaction at $74.66 per share. On Aug 02 ’24, another insider, Smith Mervin, who serves as the EVP Strategic Business Ops of the company, sold 688 shares for $74.66 each. As a result, the insider received 51,366 and left with 10,360 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 2217449216 and an Enterprise Value of 2194187776. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.76 while its Price-to-Book (P/B) ratio in mrq is 20.34. Its current Enterprise Value per Revenue stands at 4.085 whereas that against EBITDA is -22.907.
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 $65.54. The 50-Day Moving Average of the stock is -30.59%, while the 200-Day Moving Average is calculated to be -35.60%.
Shares Statistics:
For the past three months, IRTC has traded an average of 409.60K shares per day and 677170 over the past ten days. A total of 30.95M shares are outstanding, with a floating share count of 30.70M. Insiders hold about 1.72% of the company’s shares, while institutions hold 110.71% stake in the company. Shares short for IRTC as of 1721001600 were 2902112 with a Short Ratio of 7.29, compared to 1718323200 on 2932591. Therefore, it implies a Short% of Shares Outstanding of 2902112 and a Short% of Float of 9.35.
