Irhythm Technologies Stock Today
| IRTC Stock | USD 113.62 1.53 1.36% |
Performance0 of 100
| Odds Of DistressLess than 9
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IRhythm Technologies is trading at 113.62 as of the 23rd of April 2024, a 1.36 percent increase since the beginning of the trading day. The stock's open price was 112.09. IRhythm Technologies has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for iRhythm Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of July 2023 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Health Care Equipment & Services | IPO Date 20th of October 2016 | Category Healthcare | Classification Health Care |
iRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram monitoring products for patients at risk for arrhythmias in the United States. The company was incorporated in 2006 and is headquartered in San Francisco, California. The company has 31.12 M outstanding shares of which 2.55 M shares are currently shorted by private and institutional investors with about 4.44 trading days to cover. More on iRhythm Technologies
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
IRhythm Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IRhythm Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IRhythm Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| President CEO, Director | Kevin King | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Health Care Equipment & Supplies, Health Care Equipment & Services, Health Care, NASDAQ Composite, NASDAQ Health Care, Health Care, Health Care Equipment & Supplies, Medical Devices, Healthcare (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering IRhythm Technologies report their recommendations after researching IRhythm Technologies' financial statements, talking to executives and customers, or listening in on IRhythm Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering iRhythm Technologies. The IRhythm consensus assessment is calculated by taking the average forecast from all of the analysts covering IRhythm Technologies. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to IRhythm Technologies' liquidity, profitability, solvency, and operating efficiency, iRhythm Technologies is not in a good financial situation at this time. It has a very high probability of going through financial hardship in May. Financial strength of iRhythm Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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IRhythm Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to IRhythm Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand IRhythm Technologies' financial leverage. It provides some insight into what part of IRhythm Technologies' total assets is financed by creditors.
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iRhythm Technologies (IRTC) is traded on NASDAQ Exchange in USA. It is located in 699 8th Street, San Francisco, CA, United States, 94103 and employs 2,000 people. IRhythm Technologies is listed under Health Care Equipment & Supplies category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.49 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate IRhythm Technologies's market, we take the total number of its shares issued and multiply it by IRhythm Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. iRhythm Technologies conducts business under Health Care Equipment & Supplies sector and is part of Health Care industry. The entity has 31.12 M outstanding shares of which 2.55 M shares are currently shorted by private and institutional investors with about 4.44 trading days to cover.
iRhythm Technologies currently holds about 204.49 M in cash with (50.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.81.
Check IRhythm Technologies Probability Of Bankruptcy
Ownership AllocationIRhythm Technologies secures a total of 31.12 Million outstanding shares. The majority of iRhythm Technologies outstanding shares are owned by outside corporations. These institutional investors are usually referred to as non-private investors looking to purchase positions in IRhythm Technologies to benefit from reduced commissions. Consequently, third-party entities are subject to a different set of regulations than regular investors in iRhythm Technologies. Please pay attention to any change in the institutional holdings of iRhythm Technologies as this could imply that something significant has changed or is about to change at the company. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check IRhythm Ownership Details
IRhythm Stock Price Odds Analysis
What are IRhythm Technologies' target price odds to finish over the current price? Based on a normal probability distribution, the odds of IRhythm Technologies jumping above the current price in 90 days from now is about 45.38%. The iRhythm Technologies probability density function shows the probability of IRhythm Technologies stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.6672. This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, IRhythm Technologies will likely underperform. Additionally, iRhythm Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of IRhythm Technologies to move above the current price in 90 days from now is about 45.38 (This iRhythm Technologies probability density function shows the probability of IRhythm Stock to fall within a particular range of prices over 90 days) .
IRhythm Stock 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.| Instituion | Recorded On | 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 Technologies Historical Income Statement
iRhythm Technologies Income Statement is one of the three primary financial statements used for reporting IRhythm's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of iRhythm Technologies revenue and expense. IRhythm Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, IRhythm Technologies' Selling General Administrative is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 517.3 M, whereas Interest Expense is forecasted to decline to about 2.6 M. View More FundamentalsIRhythm Stock Against Markets
Picking the right benchmark for IRhythm Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IRhythm Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IRhythm Technologies is critical whether you are bullish or bearish towards iRhythm Technologies at a given time. Please also check how IRhythm Technologies' historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in IRhythm Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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IRhythm Technologies Corporate Directors
IRhythm Technologies corporate directors refer to members of an IRhythm Technologies board of directors. The board of directors generally takes responsibility for the IRhythm Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of IRhythm Technologies' board members must vote for the resolution. The IRhythm Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Mark Rubash | Independent Director | Profile | |
| Ralph Snyderman | Director | Profile | |
| William Starling | Director | Profile | |
| Bruce Bodaken | Director | Profile |
How to buy IRhythm Stock?
Before investing in IRhythm Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IRhythm Technologies. To buy IRhythm Technologies stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of IRhythm Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase IRhythm Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located iRhythm Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased iRhythm Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as iRhythm Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IRhythm Stock please use our How to Invest in IRhythm Technologies guide.
Already Invested in iRhythm Technologies?
The danger of trading iRhythm Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IRhythm Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IRhythm Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iRhythm Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iRhythm Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of IRhythm Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Irhythm Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Irhythm Technologies Stock: 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
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.