iRhythm Technologies Inc (NASDAQ: IRTC) is 3.14% higher 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 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 $90.57 in the last trading session, with the day’s gains setting it 2.43%.
Currently trading at $93.00, the stock is 4.07% and 9.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.4 million and changing 2.68% at the moment leaves the stock 6.43% off its SMA200. IRTC registered -17.63% loss for a year compared to 6-month loss of -1.90%. The firm has a 50-day simple moving average (SMA 50) of $84.6258 and a 200-day simple moving average (SMA200) of $87.46172.
The stock witnessed a 9.18% gain in the last 1 month and extending the period to 3 months gives it a 54.51%, and is 3.14% 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 4.90% over the week and 4.83% over the month.
iRhythm Technologies Inc (IRTC) has around 2000 employees, a market worth around $2.91B and $560.02M in sales. Profit margin for the company is -26.90%. Distance from 52-week low is 66.31% and -25.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.03%).
The EPS is expected to grow by 8.88% this year
341.0 institutions hold shares in iRhythm Technologies Inc (IRTC), with institutional investors hold 116.98% of the company’s shares. The shares outstanding are 31.29M, and float is at 30.80M with Short Float at 7.18%. Institutions hold 116.13% 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 Murphy Patrick Michael, the company’s CBO and CLO. SEC filings show that Murphy Patrick Michael sold 2,492 shares of the company’s common stock on Dec 02 ’24 at a price of $85.89 per share for a total of $0.21 million. Following the sale, the insider now owns 35327.0 shares.
iRhythm Technologies Inc disclosed in a document filed with the SEC on Nov 04 ’24 that TALWALKAR ABHIJIT Y (Director) bought a total of 6,664 shares of the company’s common stock. The trade occurred on Nov 04 ’24 and was made at $75.16 per share for $0.5 million. Following the transaction, the insider now directly holds 18941.0 shares of the IRTC stock.
Still, SEC filings show that on Nov 04 ’24, Blackford Quentin S. (President and CEO) disposed off 16,145 shares at an average price of $77.41 for $1.25 million. The insider now directly holds 159,929 shares of iRhythm Technologies Inc (IRTC).
