For the readers interested in the stock health of iRhythm Technologies Inc. (IRTC). It is currently valued at $80.36. When the transactions were called off in the previous session, Stock hit the highs of $88.90, after setting-off with the price of $85.445. Company’s stock value dipped to $79.2914 during the trading on the day. When the trading was stopped its value was $132.76.
Recently in News on April 12, 2021, iRhythm® Technologies Provides Statement on Medicare Administrative Contractor (MAC) Novitas’s Updated Rate Publication and Provides Commentary on Results for the First Quarter 2021. iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, commented on the recent publication by Novitas Solutions (Novitas) of rates applicable to the Current Procedural Terminology (CPT) codes 93243 and 93247. The company also provided commentary on preliminary financial results for its first quarter 2021. You can read further details here
iRhythm Technologies Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $286.19 on 01/27/21, with the lowest value was $79.29 for the same time period, recorded on 04/12/21.
iRhythm Technologies Inc. (IRTC) full year performance was -2.66%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, iRhythm Technologies Inc. shares are logging -71.92% during the 52-week period from high price, and 3.03% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $78.00 and $286.19.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 7079841 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the iRhythm Technologies Inc. (IRTC) recorded performance in the market was -66.12%, having the revenues showcasing -62.60% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.37B, as it employees total of 1157 workers.
Analysts verdict on iRhythm Technologies Inc. (IRTC)
During the last month, 0 analysts gave the iRhythm Technologies Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 188.78, with a change in the price was noted -180.81. In a similar fashion, iRhythm Technologies Inc. posted a movement of -69.23% for the period of last 100 days, recording 624,887 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for IRTC is recording 0.10 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.06.
iRhythm Technologies Inc. (IRTC): Technical Analysis
Raw Stochastic average of iRhythm Technologies Inc. in the period of last 50 days is set at 0.61%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 1.56%. In the last 20 days, the company’s Stochastic %K was 23.04% and its Stochastic %D was recorded 25.98%.
Let’s take a glance in the erstwhile performances of iRhythm Technologies Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -66.12%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -67.17%, alongside a downfall of -2.66% for the period of the last 12 months. The shares increased approximately by -41.32% in the 7-day charts and went up by -42.95% in the period of the last 30 days. Common stock shares were lifted by -62.60% during last recorded quarter.