iRhythm Technologies Inc (NASDAQ: IRTC) kicked off on Friday, down -4.21% from the previous trading day, before settling in for the closing price of $73.08. Over the past 52 weeks, IRTC has traded in a range of $60.88-$124.11.
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Healthcare Sector giant saw their annual sales surged by 27.64% over the last five years. While this was happening, its average annual earnings per share was recorded 30.14%. With a float of $30.70 million, this company’s outstanding shares have now reached $30.95 million.
The firm has a total of 2000 workers. Let’s measure their productivity.
iRhythm Technologies Inc (IRTC) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of iRhythm Technologies Inc is 1.70%, while institutional ownership is 114.19%. The most recent insider transaction that took place on Aug 09 ’24, was worth 96,506. In this transaction Chief Financial Officer of this company sold 1,372 shares at a rate of $70.34, taking the stock ownership to the 24,428 shares. Before that another transaction happened on May 31 ’24, when Company’s Chief Commercial Officer bought 280 for $74.98, making the entire transaction worth $20,994. This insider now owns 40,145 shares in total.
iRhythm Technologies Inc (IRTC) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.89 earnings per share (EPS), lower than consensus estimate (set at -0.64) by -0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 30.14% per share during the next fiscal year.
iRhythm Technologies Inc (NASDAQ: IRTC) Trading Performance Indicators
Take a look at iRhythm Technologies Inc’s (IRTC) current performance indicators. Last quarter, stock had a quick ratio of 6.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.26, a number that is poised to hit -0.57 in the next quarter and is forecasted to reach -1.89 in one year’s time.
Technical Analysis of iRhythm Technologies Inc (IRTC)
Analysing the last 5-days average volume posted by the [iRhythm Technologies Inc, IRTC], we can find that recorded value of 0.41 million was lower than the volume posted last year of 0.44 million. As of the previous 9 days, the stock’s Stochastic %D was 42.02%. Additionally, its Average True Range was 4.23.
During the past 100 days, iRhythm Technologies Inc’s (IRTC) raw stochastic average was set at 17.43%, which indicates a significant decrease from 53.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.96% in the past 14 days, which was lower than the 55.11% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.62, while its 200-day Moving Average is $98.72. Now, the first resistance to watch is $72.50. This is followed by the second major resistance level at $74.99. The third major resistance level sits at $76.40. If the price goes on to break the first support level at $68.60, it is likely to go to the next support level at $67.19. Should the price break the second support level, the third support level stands at $64.70.
iRhythm Technologies Inc (NASDAQ: IRTC) Key Stats
The company with the Market Capitalisation of 2.19 billion has total of 31,105K Shares Outstanding. Its annual sales at the moment are 492,680 K in contrast with the sum of -123,410 K annual income. Company’s last quarter sales were recorded 148,050 K and last quarter income was -20,110 K.
