iRhythm Technologies Inc (NASDAQ:IRTC) shares, rose in value, with the stock price down by -4.39% to the previous day’s close as strong demand from buyers drove the stock to $72.44.
Actively observing the price movement in the last trading, the stock closed the session at $75.77, falling within a range of $67.92 and $75.83. Referring to stock’s 52-week performance, its high was $124.11, and the low was $55.92. On the whole, IRTC has fluctuated by 1.99% over the past month.
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With the market capitalization of iRhythm Technologies Inc currently standing at about $2.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-20.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 585.33M, with a low estimate of 155.12M and a high estimate of 160.18M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 158.44M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IRTC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of IRTC currently trading nearly 9.04% and 4.80% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.66, while the 7-day volatility ratio is showing 5.38% which for the 30-day chart, stands at 5.24%. Furthermore, iRhythm Technologies Inc (IRTC)’s beta value is 1.23, and its average true range (ATR) is 3.95.
A comparison of iRhythm Technologies Inc (IRTC) with its peers suggests the former has fared considerably weaker in the market. IRTC showed an intraday change of -4.39% in last session, and over the past year, it shrunk by -7.74%%.
Data on historical trading for iRhythm Technologies Inc (NASDAQ:IRTC) indicates that the trading volumes over the past 10 days have averaged 0.86 and over the past 3 months, they’ve averaged 597.01K. According to company’s latest data on outstanding shares, there are 30.95 million shares outstanding.
Nearly 1.66% of iRhythm Technologies Inc’s shares belong to company insiders and institutional investors own 114.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.52 million shares as on 2024-10-15, resulting in a short ratio of 5.08. According to the data, the short interest in iRhythm Technologies Inc (IRTC) stood at 812.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 2.69 million. The stock has fallen by -32.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IRTC stock heading into the next quarter.
