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Irhythm Technologies (IRTC)
NASDAQ:IRTC
Irhythm Technologies (IRTC) Stock Price & Analysis
475 Followers
IRTC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$70.24 - $132.92
Previous Close$94.83
Volume830.77K
Average Volume (3M)491.57K
Market Cap
$2.95B
Enterprise Value$2.92B
Total Cash (Recent Filing)$158.47M
Total Debt (Recent Filing)$131.74M
Price to Earnings (P/E)-22.4
Beta1.42
Next Earnings
Aug 01, 2024EPS Estimate
-$0.93Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.22
Shares Outstanding31,104,883
10 Day Avg. Volume423,899
30 Day Avg. Volume491,569
Standard Deviation0.19
R-Squared0.13
Alpha0.00943
Financial Highlights & Ratios
Price to Book (P/B)14.67
Price to Sales (P/S)7.18
Price to Cash Flow (P/CF)-48.10
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.18
Enterprise Value/Gross Profit10.38
Enterprise Value/Ebitda-47.22
Forecast
1Y Price Target
$136.67Price Target Upside44.12% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
Irhythm Technologies News
Bulls Say, Bears Say
Bulls Say
Financial OutlookIRTC beat 1Q24 estimates and inched FY24 outlook higher, with trends on track for nearly 20% FY24 growth and improving profit.
Growth ProspectsNext-gen ZioMCT launch is on track, which could materially accelerate growth and drive further multiple expansion.
Product IntegrationIRTC announced it will integrate its Zio services into Epic's Aura platform, which can drive new account wins and create sticky utilization.
Bears Say
Financial PerformanceConvertible Debt Offering resulted in increased interest expense, leading to a decrease in estimated EPS for the years 2024 to 2026.
Market CompetitionRisks include potential underwhelming adoption of ZioService and regulatory challenges impacting product availability in the US market.
Product EfficacyIRTC noted that the Watch can't identify afib burden of <2%, while 0% is required for primary endpoint.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
IRTC FAQ
What was Irhythm Technologies’s price range in the past 12 months?
Irhythm Technologies lowest stock price was $70.24 and its highest was $132.92 in the past 12 months.
What is Irhythm Technologies’s market cap?
Currently, no data Available
When is Irhythm Technologies’s upcoming earnings report date?
Irhythm Technologies’s upcoming earnings report date is Aug 01, 2024 which is in 75 days.
How were Irhythm Technologies’s earnings last quarter?
Irhythm Technologies released its earnings results on May 02, 2024. The company reported -$1.47 earnings per share for the quarter, missing the consensus estimate of -$0.973 by -$0.497.
Is Irhythm Technologies overvalued?
According to Wall Street analysts Irhythm Technologies’s price is currently Undervalued.
Does Irhythm Technologies pay dividends?
Irhythm Technologies does not currently pay dividends.
What is Irhythm Technologies’s EPS estimate?
Irhythm Technologies’s EPS estimate is -$0.93.
How many shares outstanding does Irhythm Technologies have?
Irhythm Technologies has 31,104,883 shares outstanding.
What happened to Irhythm Technologies’s price movement after its last earnings report?
Irhythm Technologies reported an EPS of -$1.47 in its last earnings report, missing expectations of -$0.973. Following the earnings report the stock price went down -7.395%.
Which hedge fund is a major shareholder of Irhythm Technologies?
Among the largest hedge funds holding Irhythm Technologies’s share is Sands Capital Management LLC. It holds Irhythm Technologies’s shares valued at 240M.
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Irhythm Technologies Stock Smart Score
Underperform
1
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5
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7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$136.67 (44.12% Upside)
$136.67 (44.12% Upside)
Blogger Sentiment
Bullish
IRTC Sentiment 100%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 175.9K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $6.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.6%
Last 30 Days ▼ 14.7%
Last 30 Days ▼ 14.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-24.86%
12-Months-Change
Fundamentals
Return on Equity
-83.28%
Trailing 12-Months
Asset Growth
115.73%
Trailing 12-Months
Company Description
Irhythm Technologies
iRhythm Technologies, Inc. is a commercial-stage digital healthcare company, which engages in the development of monitoring and diagnostic solutions for detection of cardiac arrhythmias. It offers ZIO which diagnose many arrhythmias, avoiding multiple indeterminate tests, allowing for appropriate medical intervention, and prevents serious downstream medical events. The company was founded by Uday N. Kumar in September 2006 and is headquartered in San Francisco, CA.
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IRTC Company Deck
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IRTC Earnings Call
Q1 2024
0:00 / 0:00
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IRTC Stock 12 Month Forecast
Average Price Target
$136.67
▲(44.12% Upside)
Technical Analysis
Best Analysts Covering IRTC
1 Year
1 Year Success Rate
6/20 ratings generated profit
1 Year Average Return
-16.05%
reiterated a buy rating 17 days ago
Copying Joanne Wuensch's trades and holding each position for 1 Year would result in 30.00% of your transactions generating a profit, with an average return of -16.05% per trade.
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