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The price of iRhythm Technologies Inc (NASDAQ: IRTC) closed at $82.32 in the last session, up 11.26% from day before closing price of $73.99. In other words, the price has increased by $11.26 from its previous closing price. On the day, 0.54 million shares were traded. IRTC stock price reached its highest trading level at $82.5 during the session, while it also had its lowest trading level at $74.31.
Ratios:
We take a closer look at IRTC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.12 and its Current Ratio is at 6.27. In the meantime, Its Debt-to-Equity ratio is 10.25 whereas as Long-Term Debt/Eq ratio is at 10.03.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 04 ’24 when TALWALKAR ABHIJIT Y bought 6,664 shares for $75.16 per share. The transaction valued at 500,866 led to the insider holds 18,941 shares of the business.
Blackford Quentin S. sold 16,145 shares of IRTC for $1,249,784 on Nov 04 ’24. The President and CEO now owns 159,929 shares after completing the transaction at $77.41 per share. On Aug 09 ’24, another insider, Bobzien Brice, who serves as the Chief Financial Officer of the company, sold 1,372 shares for $70.34 each. As a result, the insider received 96,506 and left with 24,428 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 2576451328 and an Enterprise Value of 2789785088. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.61 while its Price-to-Book (P/B) ratio in mrq is 35.89. Its current Enterprise Value per Revenue stands at 4.982 whereas that against EBITDA is -30.776.
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 12.88%, while the 200-Day Moving Average is calculated to be -9.18%.
Shares Statistics:
According to the various share statistics, IRTC traded on average about 581.94K shares per day over the past 3-months and 438920 shares per day over the past 10 days. A total of 30.95M shares are outstanding, with a floating share count of 30.79M. Insiders hold about 1.63% of the company’s shares, while institutions hold 113.56% stake in the company. Shares short for IRTC as of 1730332800 were 2741102 with a Short Ratio of 4.71, compared to 1727654400 on 2559695. Therefore, it implies a Short% of Shares Outstanding of 2741102 and a Short% of Float of 8.799999999999999.
