Irhythm Technologies Stock Price on May 7, 2024
| IRTC Stock | USD 88.94 0.90 1.02% |
Below is the normalized historical share price chart for iRhythm Technologies extending back to October 20, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of IRhythm Technologies stands at 88.94, as last reported on the 28th of May, with the highest price reaching 90.36 and the lowest price hitting 87.02 during the day.
If you're considering investing in IRhythm Stock, it is important to understand the factors that can impact its price. iRhythm Technologies holds Efficiency (Sharpe) Ratio of -0.16, which attests that the entity had a -0.16% return per unit of risk over the last 3 months. iRhythm Technologies exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out IRhythm Technologies' Market Risk Adjusted Performance of (0.30), risk adjusted performance of (0.05), and Standard Deviation of 3.16 to validate the risk estimate we provide.
At present, IRhythm Technologies' Stock Based Compensation is projected to increase significantly based on the last few years of reporting. The current year's Issuance Of Capital Stock is expected to grow to 0.00, whereas Total Stockholder Equity is forecasted to decline to about 137.6 M. . At present, IRhythm Technologies' Price Sales Ratio is projected to drop based on the last few years of reporting. IRhythm Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 20th of October 2016 | 200 Day MA 100.9995 | 50 Day MA 106.691 | Beta 1.313 |
IRhythm |
Sharpe Ratio = -0.1559
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Estimated Market Risk
| 2.63 actual daily | 23 77% of assets are more volatile |
Expected Return
| -0.41 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.16 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IRhythm Technologies is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of IRhythm Technologies by adding IRhythm Technologies to a well-diversified portfolio.
Price Book 16.7769 | Enterprise Value Ebitda (36.35) | Price Sales 7.1454 | Shares Float 30.8 M | Wall Street Target Price 138 |
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IRhythm Technologies Valuation on May 7, 2024
It is possible to determine the worth of IRhythm Technologies on a given historical date. On May 7, 2024 IRhythm was worth 106.55 at the beginning of the trading date compared to the closed value of 106.22. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of IRhythm Technologies stock. Still, in general, we apply an absolute valuation method to find IRhythm Technologies' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of IRhythm Technologies where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against IRhythm Technologies' related companies.
| Open | High | Low | Close | Volume | |
| 102.84 | 107.85 | 102.80 | 106.83 | 565,740 | |
05/07/2024 | 106.55 | 106.98 | 104.18 | 106.22 | 488,051 |
| 105.34 | 105.34 | 98.53 | 98.76 | 601,028 |
| Backtest IRhythm Technologies | | | IRhythm Technologies History | | | IRhythm Technologies Valuation | Previous | Next |
IRhythm Technologies Trading Date Momentum on May 7, 2024
| On May 08 2024 iRhythm Technologies was traded for 98.76 at the closing time. The top price for the day was 105.34 and the lowest listed price was 98.53 . The trading volume for the day was 601 K. The trading history from May 8, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 7.02% . The trading date delta against the current closing price is 6.91% . |
iRhythm Technologies Fundamentals Correlations and Trends
By evaluating IRhythm Technologies' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among IRhythm Technologies' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. IRhythm financial account trend analysis is a perfect complement when working with valuation or volatility modules.About IRhythm Technologies Stock history
IRhythm Technologies investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for IRhythm is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in iRhythm Technologies will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing IRhythm Technologies stock prices may prove useful in developing a viable investing in IRhythm Technologies
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 30.5 M | 24.7 M | |
| Net Loss | -104.5 M | -99.3 M |
IRhythm Technologies Quarterly Net Working Capital |
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IRhythm Technologies Stock Technical Analysis
IRhythm Technologies technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
IRhythm Technologies Period Price Range
Low | May 7, 2024
| High |
106.55 | 106.22 |
IRhythm Technologies May 28, 2024 Market Strength
Market strength indicators help investors to evaluate how IRhythm Technologies stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading IRhythm Technologies shares will generate the highest return on investment. By undertsting and applying IRhythm Technologies stock market strength indicators, traders can identify iRhythm Technologies entry and exit signals to maximize returns
| Accumulation Distribution | 12773.82 | |||
| Daily Balance Of Power | (0.12) | |||
| Rate Of Daily Change | 1.0 | |||
| Day Median Price | 105.58 | |||
| Day Typical Price | 105.79 | |||
| Price Action Indicator | 0.47 | |||
| Period Momentum Indicator | (17.28) | |||
| Relative Strength Index | 25.6 |
IRhythm Technologies Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for IRhythm Technologies' price direction in advance. Along with the technical and fundamental analysis of IRhythm Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of IRhythm to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.39) | |||
| Total Risk Alpha | (0.56) | |||
| Treynor Ratio | (0.31) |
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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iRhythm Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for IRhythm Stock analysis
When running IRhythm Technologies' price analysis, check to measure IRhythm Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRhythm Technologies is operating at the current time. Most of IRhythm Technologies' value examination focuses on studying past and present price action to predict the probability of IRhythm Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRhythm Technologies' price. Additionally, you may evaluate how the addition of IRhythm Technologies to your portfolios can decrease your overall portfolio volatility.
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Is IRhythm Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRhythm Technologies. If investors know IRhythm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRhythm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.22) | Revenue Per Share 16.709 | Quarterly Revenue Growth 0.184 | Return On Assets (0.09) | Return On Equity (0.83) |
The market value of iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IRhythm Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.