iRhythm Technologies Inc (NASDAQ: IRTC) is -41.62% lower on its value in year-to-date trading and has touched a low of $55.92 and a high of $124.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IRTC stock was last observed hovering at around $61.77 in the last trading session, with the day’s gains setting it 0.72%.
Currently trading at $62.49, the stock is -4.55% and -8.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing 1.17% at the moment leaves the stock -34.56% off its SMA200. IRTC registered -26.40% loss for a year compared to 6-month loss of -44.27%. The firm has a 50-day simple moving average (SMA 50) of $68.1597 and a 200-day simple moving average (SMA200) of $95.48512.
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The stock witnessed a -12.02% gain in the last 1 month and extending the period to 3 months gives it a -36.86%, and is 8.91% up 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 4.13% over the week and 4.54% over the month.
iRhythm Technologies Inc (IRTC) has around 2000 employees, a market worth around $1.95B and $537.09M in sales. Profit margin for the company is -24.50%. Distance from 52-week low is 11.75% and -49.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.04%).
The EPS is expected to grow by 28.26% this year
330.0 institutions hold shares in iRhythm Technologies Inc (IRTC), with institutional investors hold 117.11% of the company’s shares. The shares outstanding are 30.95M, and float is at 30.72M with Short Float at 8.33%. Institutions hold 116.15% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.98 million shares valued at $320.94 million. The investor’s holdings represent 9.5734 of the IRTC Shares outstanding. As of 2024-06-30, the second largest holder is ARTISAN PARTNERS LIMITED PARTNERSHIP with 2.69 million shares valued at $289.04 million to account for 8.6219 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.5 million shares representing 8.0345 and valued at over $269.35 million, while CAPITAL RESEARCH GLOBAL INVESTORS holds 8.0091 of the shares totaling 2.49 million with a market value of $268.5 million.
iRhythm Technologies Inc (IRTC) Insider Activity
The most recent transaction is an insider sale by Bobzien Brice, the company’s Chief Financial Officer. SEC filings show that Bobzien Brice sold 1,372 shares of the company’s common stock on Aug 09 ’24 at a price of $70.34 per share for a total of $96506.0. Following the sale, the insider now owns 24428.0 shares.
iRhythm Technologies Inc disclosed in a document filed with the SEC on May 31 ’24 that Patterson Chad (Chief Commercial Officer) bought a total of 280 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $74.98 per share for $20994.0. Following the transaction, the insider now directly holds 40145.0 shares of the IRTC stock.
Still, SEC filings show that on Aug 02 ’24, Patterson Chad (Chief Commercial Officer) disposed off 3,012 shares at an average price of $74.66 for $0.22 million. The insider now directly holds 37,133 shares of iRhythm Technologies Inc (IRTC).
