iRhythm Technologies Inc (NASDAQ: IRTC) is 0.25% higher on its value in year-to-date trading and has touched a low of $70.24 and a high of $140.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IRTC stock was last observed hovering at around $107.50 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $107.31, the stock is -1.47% and -5.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.18% at the moment leaves the stock 6.83% off its SMA200. IRTC registered -12.92% loss for a year compared to 6-month gain of 21.56%. The firm has a 50-day simple moving average (SMA 50) of $6.74 and a 200-day simple moving average (SMA200) of -$34.31.
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The stock witnessed a -0.11% loss in the last 1 month and extending the period to 3 months gives it a 6.22%, and is -7.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.05% over the week and 3.60% over the month.
iRhythm Technologies Inc (IRTC) has around 2000 employees, a market worth around $3.32B and $492.68M in sales. Profit margin for the company is -25.05%. Distance from 52-week low is 52.78% and -23.48% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.00%).
iRhythm Technologies Inc quarterly earnings per share for the current quarter are estimated at -$0.99 with sales reaching $128.41M over the same period.The EPS is expected to grow by 28.33% this year, but quarterly earnings will post 17.90% year-over-year. Quarterly sales are estimated to grow 20.00% in year-over-year returns.
328 institutions hold shares in iRhythm Technologies Inc (IRTC), with institutional investors hold 110.09% of the company’s shares. The shares outstanding are 30.95M, and float is at 30.42M with Short Float at 8.11%. Institutions hold 108.92% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 2.93 million shares valued at $305.79 million. The investor’s holdings represent 9.59% of the IRTC Shares outstanding. As of Jun 29, 2023, the second largest holder is Sands Capital Management, LLC with 2.39 million shares valued at $248.97 million to account for 7.81% of the shares outstanding. The other top investors are Blackrock Inc. which holds 2.37 million shares representing 7.76% and valued at over $247.58 million, while Capital Research Global Investors holds 7.48% of the shares totaling 2.29 million with a market value of $238.73 million.
iRhythm Technologies Inc (IRTC) Insider Activity
The most recent transaction is an insider sale by Blackford Quentin S., the company’s President and CEO. SEC filings show that Blackford Quentin S. sold 4,221 shares of the company’s common stock on Mar 04 ’24 at a price of $111.14 per share for a total of $0.47 million. Following the sale, the insider now owns 0.18 million shares.
iRhythm Technologies Inc disclosed in a document filed with the SEC on Mar 04 ’24 that Day Mark J. (Chief Technology Officer) sold a total of 3,248 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $111.14 per share for $0.36 million. Following the transaction, the insider now directly holds 61164.0 shares of the IRTC stock.
Still, SEC filings show that on Mar 04 ’24, Wilson Daniel G. (EVP, Corp Dev Inv Rel) disposed off 2,452 shares at an average price of $111.14 for $0.27 million. The insider now directly holds 30,515 shares of iRhythm Technologies Inc (IRTC).
