Irhythm Technologies Stock Z Score
| IRTC Stock | USD 113.62 1.53 1.36% |
IRhythm | Z Score |
iRhythm Technologies Company Z Score Analysis
IRhythm Technologies' Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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IRhythm Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for IRhythm Technologies is extremely important. It helps to project a fair market value of IRhythm Stock properly, considering its historical fundamentals such as Z Score. Since IRhythm Technologies' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of IRhythm Technologies' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of IRhythm Technologies' interrelated accounts and indicators.
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
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According to the company's disclosures, iRhythm Technologies has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.
IRhythm Technologies Current Valuation Drivers
We derive many important indicators used in calculating different scores of IRhythm Technologies from analyzing IRhythm Technologies' financial statements. These drivers represent accounts that assess IRhythm Technologies' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of IRhythm Technologies' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 1.7B | 6.6B | 3.5B | 2.8B | 2.5B | 1.8B | |
| Enterprise Value | 1.8B | 6.6B | 3.4B | 2.9B | 2.6B | 1.8B |
IRhythm Technologies Institutional Holders
Institutional Holdings refers to the ownership stake in IRhythm Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of IRhythm Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing IRhythm Technologies' value.| Shares | Bank Of New York Mellon Corp | 2023-12-31 | 711.9 K | Geode Capital Management, Llc | 2023-12-31 | 671.4 K | Holocene Advisors, Lp | 2023-09-30 | 632.5 K | Braidwell Lp | 2023-09-30 | 568.2 K | Partner Fund Management Lp | 2023-09-30 | 485.5 K | Credit Suisse First Boston (csfb) | 2023-12-31 | 474.1 K | Amvescap Plc. | 2023-12-31 | 452.5 K | Bnp Paribas Investment Partners Sa | 2023-12-31 | 447.1 K | Summit Partners Public Asset Management, Llc | 2023-12-31 | 415.1 K | Vanguard Group Inc | 2023-12-31 | 3 M | Capital Research Global Investors | 2023-12-31 | 2.5 M |
IRhythm Fundamentals
| Return On Equity | -0.55 | ||||
| Return On Asset | -0.14 | ||||
| Profit Margin | (0.25) % | ||||
| Operating Margin | (0.20) % | ||||
| Current Valuation | 3.47 B | ||||
| Shares Outstanding | 31.12 M | ||||
| Shares Owned By Insiders | 1.02 % | ||||
| Shares Owned By Institutions | 98.98 % | ||||
| Number Of Shares Shorted | 2.55 M | ||||
| Price To Earning | (36.08) X | ||||
| Price To Book | 16.78 X | ||||
| Price To Sales | 7.15 X | ||||
| Revenue | 492.68 M | ||||
| Gross Profit | 281.63 M | ||||
| EBITDA | (91.94 M) | ||||
| Net Income | (123.41 M) | ||||
| Cash And Equivalents | 204.49 M | ||||
| Cash Per Share | 6.81 X | ||||
| Total Debt | 129.82 M | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 4.05 X | ||||
| Book Value Per Share | 6.79 X | ||||
| Cash Flow From Operations | (50.1 M) | ||||
| Short Ratio | 4.44 X | ||||
| Earnings Per Share | (4.04) X | ||||
| Target Price | 139.11 | ||||
| Number Of Employees | 2 K | ||||
| Beta | 1.31 | ||||
| Market Capitalization | 3.49 B | ||||
| Total Asset | 433.14 M | ||||
| Retained Earnings | (645.61 M) | ||||
| Working Capital | 123.44 M | ||||
| Current Asset | 54.91 M | ||||
| Current Liabilities | 11.97 M | ||||
| Net Asset | 433.14 M |
About IRhythm Technologies Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze iRhythm Technologies's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRhythm Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of iRhythm Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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 (4.04) | Revenue Per Share 16.139 | Quarterly Revenue Growth 0.177 | Return On Assets (0.14) | Return On Equity (0.55) |
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.