iRhythm Technologies (IRTC) Stock Price, News & Analysis

Company Overview

iRhythm Technologies, Inc., a digital healthcare company, engages in the design, development, and commercialization of device-based technology to provide ambulatory cardiac monitoring services to diagnose arrhythmias in the United States. It offers Zio services, an ambulatory monitoring solution, including long-term and short-term continuous monitoring and mobile cardiac telemetry monitoring services. The company also provides the Zio Monitor System, a prescription-only, remote electrocardiogram (ECG) monitoring system that consists of a patch ECG monitor that records the electric signal from the heart continuously for up to 14 days and the Zio ECG Utilization Software System, which supports the capture and analysis of ECG data recorded by the Zio Monitor patch at the end of the wear period, including specific arrhythmia events detected by the ZEUS System; the Zio XT System is the previous generation of the Zio Monitor System and is a prescription-only, remote ECG monitoring system that consists of the Zio XT patch that records the electric signal from the heart continuously for up to 14 days; and the Zio AT system, a prescription-only, remote ECG monitoring system that similarly consists of the Zio AT patch that records the electric signal from the heart continuously for up to 14 days and the ZEUS System, but which also incorporates the Zio AT wireless gateway that provides connectivity between the Zio AT patch and the ZEUS System during the patient wear period. It has a development collaboration agreement with Verily Life Sciences LLC and Verity Ireland Limited to develop various next-generation atrial fibrillation screening, detection, or monitoring products. The company was incorporated in 2006 and is headquartered in San Francisco, California.

Key Stats

• Today's Range: $85.29 to $91.22
• 50-Day Range: $57.94 to $91.45
• 52-Week Range: $55.92 to $124.11
• Volume: 506,936 shs
• Average Volume: 465,130 shs
• Market Capitalization: $2.83 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $109.27
• Consensus Rating: Moderate Buy

iRhythm Technologies Stock Analysis - MarketRank™

iRhythm Technologies scored higher than 62% of companies evaluated by MarketBeat, and ranked 370th out of 944 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

iRhythm Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

iRhythm Technologies has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for iRhythm Technologies are expected to grow in the coming year, from ($3.44) to ($2.15) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of iRhythm Technologies is -18.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of iRhythm Technologies is -18.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

iRhythm Technologies has a P/B Ratio of 13.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

6.77% of the outstanding shares of iRhythm Technologies have been sold short.

Short Interest Ratio / Days to Cover

iRhythm Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in iRhythm Technologies has recently decreased by 12.03%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

iRhythm Technologies does not currently pay a dividend.

Dividend Growth

iRhythm Technologies does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.77% of the outstanding shares of iRhythm Technologies have been sold short.

Short Interest Ratio / Days to Cover

iRhythm Technologies has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in iRhythm Technologies has recently decreased by 12.03%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.99

News Sentiment

iRhythm Technologies has a news sentiment score of 0.99. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for iRhythm Technologies this week, compared to 7 articles on an average week.

Search Interest

4 people have searched for IRTC on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.

MarketBeat Follows

10 people have added iRhythm Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, iRhythm Technologies insiders have sold 192.26% more of their company's stock than they have bought. Specifically, they have bought $500,866.00 in company stock and sold $1,463,822.00 in company stock.

Percentage Held by Insiders

Only 0.68% of the stock of iRhythm Technologies is held by insiders.

IRTC Stock Analysis - Frequently Asked Questions

How have IRTC shares performed this year?

iRhythm Technologies' stock was trading at $107.04 at the beginning of 2024. Since then, IRTC shares have decreased by 15.6% and is now trading at $90.39.
View the best growth stocks for 2024 here.

How were iRhythm Technologies' earnings last quarter?

iRhythm Technologies, Inc. (NASDAQ:IRTC) issued its quarterly earnings data on Wednesday, October, 30th. The company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.55) by $0.71. The company's revenue for the quarter was up 18.4% on a year-over-year basis.

When did iRhythm Technologies IPO?

iRhythm Technologies (IRTC) raised $76 million in an initial public offering (IPO) on Thursday, October 20th 2016. The company issued 5,400,000 shares at $13.00-$15.00 per share. J.P. Morgan and Morgan Stanley served as the underwriters for the IPO and Canaccord Genuity and BTIG were co-managers.

Who are iRhythm Technologies' major shareholders?

iRhythm Technologies' top institutional investors include State Street Corp (2.90%), Braidwell LP (2.50%), Eventide Asset Management LLC (2.35%) and Geode Capital Management LLC (2.34%). Insiders that own company stock include Quentin S Blackford, Mark J Day, Chad Patterson, Patrick Michael Murphy, Daniel G Wilson, Douglas Devine, Minang Turakhia, Brice Bobzien, Sumi Shrishrimal, Mervin Smith, Marc W Rosenbaum, Merz Cathleen Noel Bairey, David A Vort and Kevin M King.
View institutional ownership trends.

How do I buy shares of iRhythm Technologies?

Shares of IRTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of iRhythm Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that iRhythm Technologies investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Adobe (ADBE), Advanced Micro Devices (AMD), Arista Networks (ANET) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 10/30/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Surgical & medical instruments
• Sub-Industry: Medical Equipment
• Current Symbol: NASDAQ:IRTC
• CUSIP: N/A
• CIK: 1388658
• Web: www.irhythmtech.com
• Phone: (415) 632-5700
• Fax: N/A
• Employees: 2,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $109.27
• High Stock Price Target: $152.00
• Low Stock Price Target: $78.00
• Potential Upside/Downside: +20.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.82
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.86)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-123,410,000.00
• Net Margins: -26.90%
• Pretax Margin: -26.78%
• Return on Equity: -120.86%
• Return on Assets: -17.96%

Debt

• Debt-to-Equity Ratio: 9.00
• Current Ratio: 6.27
• Quick Ratio: 6.12

Sales & Book Value

• Annual Sales: $560.03 million
• Price / Sales: 5.05
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.85 per share
• Price / Book: 13.20

Miscellaneous

• Outstanding Shares: 31,298,000
• Free Float: 31,085,000
• Market Cap: $2.83 billion
• Optionable: Optionable
• Beta: 1.26