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iRhythm Technologies Inc. (IRTC): Skating on Thin Ice? We Know the Answer

iRhythm Technologies Inc. (NASDAQ:IRTC) went down by -14.80% from its latest closing price compared to the recent 1-year high of $169.54. The company’s stock price has collected -16.96% of loss in the last five trading sessions.

Is It Worth Investing in iRhythm Technologies Inc. (NASDAQ :IRTC) Right Now?

Plus, the 36-month beta value for IRTC is at 1.50. Opinions of the stock are interesting as 8 analysts out of 10 who provided ratings for iRhythm Technologies Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $173.33, which is $39.45 above the current price. IRTC currently public float of 29.57M and currently shorts hold a 5.67% ratio of that float. Today, the average trading volume of IRTC was 385.27K shares.

IRTC’s Market Performance

IRTC stocks went down by -16.96% for the week, with a monthly drop of -7.52% and a quarterly performance of 22.29%, while its annual performance rate touched 110.78%. The volatility ratio for the week stands at 7.16% while the volatility levels for the past 30 days are set at 5.44% for iRhythm Technologies Inc. The simple moving average for the period of the last 20 days is -13.22% for IRTC stocks with a simple moving average of -0.17% for the last 200 days.

Analysts’ Opinion of IRTC

Many brokerage firms have already submitted their reports for IRTC stocks, with Citigroup repeating the rating for IRTC by listing it as a “Neutral.” The predicted price for IRTC in the upcoming period, according to Citigroup is $155 based on the research report published on June 09th of the current year 2022.

Wolfe Research, on the other hand, stated in their research note that they expect to see IRTC reach a price target of $105. The rating they have provided for IRTC stocks is “Underperform” according to the report published on April 06th, 2022.

Needham gave a rating of “Buy” to IRTC, setting the target price at $135 in the report published on February 24th of the current year.

IRTC Trading at -11.88% from the 50-Day Moving Average

After a stumble in the market that brought IRTC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.89% of loss for the given period.

Volatility was left at 5.44%, however, over the last 30 days, the volatility rate increased by 7.16%, as shares sank -8.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.11% lower at present.

During the last 5 trading sessions, IRTC fell by -16.96%, which changed the moving average for the period of 200-days by +35.05% in comparison to the 20-day moving average, which settled at $151.96. In addition, iRhythm Technologies Inc. saw 12.52% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at IRTC starting from Bairey Merz Cathleen Noel, who sale 90 shares at the price of $159.77 back on Sep 12. After this action, Bairey Merz Cathleen Noel now owns 4,887 shares of iRhythm Technologies Inc., valued at $14,379 using the latest closing price.

Devine Douglas, the Chief Operating Officer & CFO of iRhythm Technologies Inc., sale 10,109 shares at $114.22 during a trade that took place back on Jul 07, which means that Devine Douglas is holding 29,702 shares at $1,154,650 based on the most recent closing price.

Stock Fundamentals for IRTC

Current profitability levels for the company are sitting at:

  • -30.96 for the present operating margin
  • +66.16 for the gross margin

The net margin for iRhythm Technologies Inc. stands at -31.40. Equity return is now at value -49.10, with -28.90 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 3.48.

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