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The price of iRhythm Technologies Inc (NASDAQ: IRTC) closed at $103.16 in the last session, up 4.19% from day before closing price of $99.01. In other words, the price has increased by $4.19 from its previous closing price. On the day, 0.74 million shares were traded. IRTC stock price reached its highest trading level at $103.52 during the session, while it also had its lowest trading level at $98.1.
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.
On October 04, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $78.
Wolfe Research Upgraded its Peer Perform to Outperform on June 20, 2024, while the target price for the stock was maintained at $115.
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 Dec 02 ’24 when Murphy Patrick Michael sold 2,492 shares for $85.89 per share. The transaction valued at 214,038 led to the insider holds 35,327 shares of the business.
TALWALKAR ABHIJIT Y bought 6,664 shares of IRTC for $500,866 on Nov 04 ’24. The Director now owns 18,941 shares after completing the transaction at $75.16 per share. On Nov 04 ’24, another insider, Blackford Quentin S., who serves as the President and CEO of the company, sold 16,145 shares for $77.41 each. As a result, the insider received 1,249,784 and left with 159,929 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 3228701696 and an Enterprise Value of 3442036224. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.77 while its Price-to-Book (P/B) ratio in mrq is 44.97. Its current Enterprise Value per Revenue stands at 6.146 whereas that against EBITDA is -37.971.
Stock Price History:
The Beta on a monthly basis for IRTC is 1.26, which has changed by -0.10479206 over the last 52 weeks, in comparison to a change of 0.22212577 over the same period for the S&P500. 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 18.81%, while the 200-Day Moving Average is calculated to be 18.49%.
Shares Statistics:
According to the various share statistics, IRTC traded on average about 494.64K shares per day over the past 3-months and 404750 shares per day over the past 10 days. A total of 31.29M shares are outstanding, with a floating share count of 30.80M. Insiders hold about 1.60% of the company’s shares, while institutions hold 113.63% stake in the company. Shares short for IRTC as of 1735603200 were 2236948 with a Short Ratio of 4.52, compared to 1732838400 on 2122928. Therefore, it implies a Short% of Shares Outstanding of 2236948 and a Short% of Float of 7.180000000000001.
