While iRhythm Technologies Inc has overperformed by 3.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IRTC rose by 21.50%, with highs and lows ranging from $133.20 to $55.92, whereas the simple moving average jumped by 52.28% in the last 200 days.
On May 02, 2025, Wells Fargo Upgraded iRhythm Technologies Inc (NASDAQ: IRTC) to Overweight. Goldman also rated IRTC shares as ‘Neutral’, setting a target price of $78 on the company’s shares in an initiating report dated October 04, 2024. Citigroup December 11, 2023d its ‘Neutral’ rating to ‘Buy’ for IRTC, as published in its report on December 11, 2023. Robert W. Baird’s report from July 19, 2023 suggests a price prediction of $130 for IRTC shares, giving the stock a ‘Outperform’ rating. Wells Fargo also rated the stock as ‘Overweight’.
Analysis of iRhythm Technologies Inc (IRTC)
Further, the quarter-over-quarter increase in sales is 20.27%, showing a positive trend in the upcoming months.
To gain a thorough understanding of iRhythm Technologies Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -111.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.58, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and IRTC is recording an average volume of 446.81K. On a monthly basis, the volatility of the stock is set at 5.62%, whereas on a weekly basis, it is put at 5.63%, with a gain of 27.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $137.33, showing growth from the present price of $135.76, which can serve as yet another indication of whether IRTC is worth investing in or should be passed over.
How Do You Analyze iRhythm Technologies Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.56%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 107.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IRTC shares are owned by institutional investors to the tune of 107.20% at present.
