Additionally, the 36-month beta value for IRTC is 1.37. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for IRTC is 30.63M and currently, short sellers hold a 7.92% ratio of that float. The average trading volume of IRTC on February 21, 2025 was 367.76K shares.
IRTC) stock’s latest price update
iRhythm Technologies Inc (NASDAQ: IRTC)’s stock price has soared by 6.25 in relation to previous closing price of 112.67. Nevertheless, the company has seen a gain of 6.70% in its stock price over the last five trading days. seekingalpha.com reported 2025-02-21 that iRhythm Technologies, Inc. (NASDAQ:IRTC ) Q4 2024 Earnings Conference Call February 20, 2025 4:30 PM ET Company Participants Stephanie Zhadkevich – Director, IR Quentin Blackford – President & CEO Daniel Wilson – CFO Conference Call Participants Macauley Kilbane – William Blair Lilia-Celine Lozada – JPMorgan Kallum Titchmarsh – Morgan Stanley Nathan Treybeck – Wells Fargo David Roman – Goldman Sachs Sam Eiber – BTIG Jon Young – Canaccord Genuity David Rescott – Baird Suraj Kalia – Oppenheimer Felipe Lamar – Truist Paige Chamberlain – Wolfe Research Operator Good afternoon. Thank you for attending today’s iRhythm Technologies Q4 2024 Earnings Conference Call.
IRTC’s Market Performance
iRhythm Technologies Inc (IRTC) has experienced a 6.70% rise in stock performance for the past week, with a 8.05% rise in the past month, and a 55.75% rise in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 3.62% for IRTC. The simple moving average for the past 20 days is 7.85% for IRTC’s stock, with a 37.68% simple moving average for the past 200 days.
Analysts’ Opinion of IRTC
Many brokerage firms have already submitted their reports for IRTC stocks, with Wells Fargo repeating the rating for IRTC by listing it as a “Equal Weight.” The predicted price for IRTC in the upcoming period, according to Wells Fargo is $86 based on the research report published on December 03, 2024 of the previous year 2024.
Goldman, on the other hand, stated in their research note that they expect to see IRTC reach a price target of $78. The rating they have provided for IRTC stocks is “Neutral” according to the report published on October 04th, 2024.
Wolfe Research gave a rating of “Outperform” to IRTC, setting the target price at $115 in the report published on June 20th of the previous year.
IRTC Trading at 18.99% 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 -3.55% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares surge +12.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.32% upper at present.
During the last 5 trading sessions, IRTC rose by +11.09%, which changed the moving average for the period of 200-days by +21.38% in comparison to the 20-day moving average, which settled at $111.25. In addition, iRhythm Technologies Inc saw 32.76% 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 Murphy Patrick Michael, who sale 2,492 shares at the price of $85.89 back on Dec 02 ’24. After this action, Murphy Patrick Michael now owns 35,327 shares of iRhythm Technologies Inc, valued at $214,038 using the latest closing price.
TALWALKAR ABHIJIT Y, the Director of iRhythm Technologies Inc, purchase 6,664 shares at $75.16 during a trade that took place back on Nov 04 ’24, which means that TALWALKAR ABHIJIT Y is holding 18,941 shares at $500,866 based on the most recent closing price.
Stock Fundamentals for IRTC
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.69 for the gross margin
The net margin for iRhythm Technologies Inc stands at -0.19. The total capital return value is set at -0.14. Equity return is now at value -103.34, with -22.33 for asset returns.
Based on iRhythm Technologies Inc (IRTC), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 8.11. The interest coverage ratio of the stock is -18.69.
Currently, EBITDA for the company is -115.5 million with net debt to EBITDA at -3.65. When we switch over and look at the enterprise to sales, we see a ratio of 6.94. The receivables turnover for the company is 7.4for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.27.
Conclusion
In conclusion, iRhythm Technologies Inc (IRTC) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
