iRhythm Technologies Inc (NASDAQ: IRTC) on Monday, soared 8.53% from the previous trading day, before settling in for the closing price of $75.04. Within the past 52 weeks, IRTC’s price has moved between $55.92 and $124.11.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 27.64%. The company achieved an average annual earnings per share of 7.22%. With a float of $30.78 million, this company’s outstanding shares have now reached $30.95 million.
Let’s determine the extent of company efficiency that accounts for 2000 employees. In terms of profitability, gross margin is 67.83%, operating margin of -24.91%, and the pretax margin is -26.78%.
iRhythm Technologies Inc (IRTC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. The insider ownership of iRhythm Technologies Inc is 1.66%, while institutional ownership is 114.05%. 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) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -1.26 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.59) by -0.67. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.22% per share during the next fiscal year.
iRhythm Technologies Inc (NASDAQ: IRTC) Trading Performance Indicators
iRhythm Technologies Inc (IRTC) is currently performing well based on its current performance indicators. A quick ratio of 6.12 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.71.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.85, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -2.00 in one year’s time.
Technical Analysis of iRhythm Technologies Inc (IRTC)
Looking closely at iRhythm Technologies Inc (NASDAQ: IRTC), its last 5-days average volume was 0.79 million, which is a jump from its year-to-date volume of 0.47 million. As of the previous 9 days, the stock’s Stochastic %D was 76.91%. Additionally, its Average True Range was 4.31.
During the past 100 days, iRhythm Technologies Inc’s (IRTC) raw stochastic average was set at 47.63%, which indicates a significant decrease from 98.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.04% in the past 14 days, which was higher than the 63.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $69.46, while its 200-day Moving Average is $93.40. However, in the short run, iRhythm Technologies Inc’s stock first resistance to watch stands at $84.07. Second resistance stands at $86.71. The third major resistance level sits at $91.66. If the price goes on to break the first support level at $76.48, it is likely to go to the next support level at $71.53. Now, if the price goes above the second support level, the third support stands at $68.89.
iRhythm Technologies Inc (NASDAQ: IRTC) Key Stats
Market capitalization of the company is 2.64 billion based on 31,298K outstanding shares. Right now, sales total 492,680 K and income totals -123,410 K. The company made 148,050 K in profit during its latest quarter, and -20,110 K in sales during its previous quarter.
