iRhythm Technologies Inc (NASDAQ: IRTC) on Monday, plunged -4.46% from the previous trading day, before settling in for the closing price of $80.45. Within the past 52 weeks, IRTC’s price has moved between $55.92 and $124.11.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 27.64%. The company achieved an average annual earnings per share of 7.22%. With a float of $30.79 million, this company’s outstanding shares have now reached $30.95 million.
Considering the fact that the conglomerate employs 2000 people, you should pay attention to its efficiency factor. 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 1.63%, while institutional ownership is 113.58%. The most recent insider transaction that took place on Nov 04 ’24, was worth 500,866. In this transaction Director of this company bought 6,664 shares at a rate of $75.16, taking the stock ownership to the 18,941 shares. Before that another transaction happened on Nov 04 ’24, when Company’s President and CEO sold 16,145 for $77.41, making the entire transaction worth $1,249,784. This insider now owns 159,929 shares in total.
iRhythm Technologies Inc (IRTC) Recent Fiscal highlights
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 4.14.
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)
Compared to the last year’s volume of 0.47 million, its volume of 0.42 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 20.33%. Additionally, its Average True Range was 4.24.
During the past 100 days, iRhythm Technologies Inc’s (IRTC) raw stochastic average was set at 39.08%, which indicates a significant increase from 37.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.41% in the past 14 days, which was lower than the 64.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.78, while its 200-day Moving Average is $91.74. Nevertheless, the first resistance level for the watch stands at $79.86 in the near term. At $82.87, the stock is likely to face the second major resistance level. The third major resistance level sits at $84.53. If the price goes on to break the first support level at $75.20, it is likely to go to the next support level at $73.54. Now, if the price goes above the second support level, the third support stands at $70.53.
iRhythm Technologies Inc (NASDAQ: IRTC) Key Stats
Market capitalization of the company is 2.32 billion based on 31,298K outstanding shares. Right now, sales total 492,680 K and income totals -123,410 K. The company made 147,540 K in profit during its latest quarter, and -46,180 K in sales during its previous quarter.
