In yesterday’s Wall Street session, iRhythm Technologies Inc (NASDAQ:IRTC) shares traded at $93.00, up 2.68% from the previous session.
IRTC stock price is now 9.45% away from the 50-day moving average and 6.43% away from the 200-day moving average. The market capitalization of the company currently stands at $2.91B.
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On October 04, 2024, Goldman recently initiated its ‘Neutral’ rating on the stock quoting a target price of $78, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Murphy Patrick Michael, CBO and CLO sold 2,492 shares of the company’s stock on Dec 02 ’24. The stock was sold for $214,038 at an average price of $85.89. Upon completion of the transaction, the CBO and CLO now directly owns 35,327 shares in the company, valued at $3.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 04 ’24, Director TALWALKAR ABHIJIT Y bought 6,664 shares of the business’s stock. A total of $500,866 was incurred on buying the stock at an average price of $75.16. This leaves the insider owning 18,941 shares of the company worth $1.76 million. A total of 1.60% of the company’s stock is owned by insiders.
During the past 12 months, iRhythm Technologies Inc has had a low of $55.92 and a high of $124.11. As of last week, the company has a debt-to-equity ratio of 10.25, a current ratio of 6.27, and a quick ratio of 6.12. The fifty day moving average price for IRTC is $84.6258 and a two-hundred day moving average price translates $87.46172 for the stock.
The latest earnings results from iRhythm Technologies Inc (NASDAQ: IRTC) was released for 2024-09-30. The net profit margin was -26.90% and return on equity was -103.34% for IRTC. The company reported revenue of $147.54 million for the quarter, compared to $124.6 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.41 percent.
