The price of iRhythm Technologies Inc (NASDAQ:IRTC) shares last traded on Wall Street rose 2.52% to $98.16.
IRTC stock price is now -2.99% away from the 50-day moving average and -1.52% away from the 200-day moving average. The market capitalization of the company currently stands at $3.05B.
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With the price target maintained at $110, Citigroup recently Upgraded its rating from Neutral to Buy for iRhythm Technologies Inc (NASDAQ: IRTC). On July 19, 2023, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $130, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Shrishrimal Sumi, EVP, Chief Risk Officer sold 1,131 shares of the company’s stock on Jun 03 ’24. The stock was sold for $100,557 at an average price of $88.91. Upon completion of the transaction, the EVP, Chief Risk Officer now directly owns 23,298 shares in the company, valued at $2.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Chief Accounting Officer Rosenbaum Marc W. sold 510 shares of the business’s stock. A total of $45,344 was realized by selling the stock at an average price of $88.91. This leaves the insider owning 8,174 shares of the company worth $0.8 million. A total of 1.74% of the company’s stock is owned by insiders.
During the past 12 months, iRhythm Technologies Inc has had a low of $70.24 and a high of $124.11. As of last week, the company has a debt-to-equity ratio of 8.16, a current ratio of 7.10, and a quick ratio of 6.95. The fifty day moving average price for IRTC is $100.886 and a two-hundred day moving average price translates $99.64905 for the stock.
The latest earnings results from iRhythm Technologies Inc (NASDAQ: IRTC) was released for 2024-03-31. The net profit margin was -25.33% and return on equity was -83.28% for IRTC. The company reported revenue of $131.93 million for the quarter, compared to $111.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.39 percent.
