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The closing price of iRhythm Technologies Inc (NASDAQ: IRTC) was $65.21 for the day, down -5.47% from the previous closing price of $68.98. In other words, the price has decreased by -$5.47 from its previous closing price. On the day, 1.09 million shares were traded. IRTC stock price reached its highest trading level at $69.0 during the session, while it also had its lowest trading level at $60.88.
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 6.76 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:
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 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 2154662144 and an Enterprise Value of 2211992576. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.79 while its Price-to-Book (P/B) ratio in mrq is 20.52. Its current Enterprise Value per Revenue stands at 4.118 whereas that against EBITDA is -23.093.
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 $63.65. The 50-Day Moving Average of the stock is -22.77%, while the 200-Day Moving Average is calculated to be -34.51%.
Shares Statistics:
IRTC traded an average of 460.64K shares per day over the past three months and 459980 shares per day over the past ten days. A total of 30.95M shares are outstanding, with a floating share count of 30.70M. Insiders hold about 1.70% of the company’s shares, while institutions hold 114.21% stake in the company. Shares short for IRTC as of 1723680000 were 2569371 with a Short Ratio of 5.58, compared to 1721001600 on 2902112. Therefore, it implies a Short% of Shares Outstanding of 2569371 and a Short% of Float of 8.270001.
