The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The closing price of iRhythm Technologies Inc (NASDAQ: IRTC) was $98.76 for the day, down -7.02% from the previous closing price of $106.22. In other words, the price has decreased by -$7.02 from its previous closing price. On the day, 0.6 million shares were traded. IRTC stock price reached its highest trading level at $105.34 during the session, while it also had its lowest trading level at $98.63.
Ratios:
Our analysis of IRTC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 6.95 and its Current Ratio is at 7.10. In the meantime, Its Debt-to-Equity ratio is 8.16 whereas as Long-Term Debt/Eq ratio is at 7.99.
On July 19, 2023, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $130.
On February 07, 2023, Wells Fargo started tracking the stock assigning a Overweight rating and target price of $150.Wells Fargo initiated its Overweight rating on February 07, 2023, with a $150 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 04 ’24 when Blackford Quentin S. sold 4,221 shares for $111.14 per share. The transaction valued at 469,122 led to the insider holds 175,794 shares of the business.
Day Mark J. sold 3,248 shares of IRTC for $360,983 on Mar 04 ’24. The Chief Technology Officer now owns 61,164 shares after completing the transaction at $111.14 per share. On Mar 04 ’24, another insider, Wilson Daniel G., who serves as the EVP, Corp Dev Inv Rel of the company, sold 2,452 shares for $111.14 each. As a result, the insider received 272,515 and left with 30,515 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 3071919872 and an Enterprise Value of 3471873792. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.99 while its Price-to-Book (P/B) ratio in mrq is 34.01. Its current Enterprise Value per Revenue stands at 6.765 whereas that against EBITDA is -37.677.
Stock Price History:
The Beta on a monthly basis for IRTC is 1.29, which has changed by -0.16970217 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, IRTC has reached a high of $132.92, while it has fallen to a 52-week low of $70.24. The 50-Day Moving Average of the stock is -10.86%, while the 200-Day Moving Average is calculated to be -2.86%.
Shares Statistics:
IRTC traded an average of 479.89K shares per day over the past three months and 483760 shares per day over the past ten days. A total of 30.95M shares are outstanding, with a floating share count of 30.55M. Insiders hold about 1.79% of the company’s shares, while institutions hold 106.35% stake in the company. Shares short for IRTC as of 1713139200 were 2812469 with a Short Ratio of 5.86, compared to 1710460800 on 2466109. Therefore, it implies a Short% of Shares Outstanding of 2812469 and a Short% of Float of 9.08.
Earnings Estimates
iRhythm Technologies Inc (IRTC) is currently under the scrutiny of 10.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.89 for the current quarter, with a high estimate of -$0.78 and a low estimate of -$1.05, while EPS last year was -$0.61. The consensus estimate for the next quarter is -$0.58, with high estimates of -$0.46 and low estimates of -$0.71.
Analysts are recommending an EPS of between -$2.74 and -$3.5 for the fiscal current year, implying an average EPS of -$3.09. EPS for the following year is -$2.01, with 10.0 analysts recommending between -$0.86 and -$2.89.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $147M to a low estimate of $145.2M. As of the current estimate, iRhythm Technologies Inc’s year-ago sales were $124.13MFor the next quarter, 11 analysts are estimating revenue of $147.29M. There is a high estimate of $148M for the next quarter, whereas the lowest estimate is $146M.
A total of 12 analysts have provided revenue estimates for IRTC’s current fiscal year. The highest revenue estimate was $586.2M, while the lowest revenue estimate was $580M, resulting in an average revenue estimate of $583.79M. In the same quarter a year ago, actual revenue was $492.68MBased on 12 analysts’ estimates, the company’s revenue will be $689.41M in the next fiscal year. The high estimate is $694.67M and the low estimate is $683M.
