The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. iRhythm Technologies Inc’s current trading price is -46.60% away from its 52-week high, while its distance from the 52-week low is 8.87%. The stock’s price range for this period has been between $60.88 and $124.11 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 0.59 million for the day, a number notably higher than the average daily volume of 0.48 million over the last three months.
iRhythm Technologies Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $124.11 on 02/29/24, while the lowest price for the same duration was marked at $60.88 on 09/05/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
iRhythm Technologies Inc (IRTC) has experienced a quarterly decline of -33.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.07B and boasts a workforce of 2000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 84.43, with a change in price of -32.73. Similarly, iRhythm Technologies Inc recorded 449,020 in trading volume during the last 100 days, posting a change of -33.06%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for IRTC stands at 7.43. Similarly, the long-term debt-to-equity ratio is also 7.27.
IRTC Stock Stochastic Average
iRhythm Technologies Inc’s raw stochastic average for the past 50 days is presently 14.16%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 27.09%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 49.72% and 62.28%, respectively.
IRTC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price decrease of -38.08%. However, over the past six months, we’ve seen a stronger performance of -38.24%. The price of IRTC leaped by -3.91% over the last 30 days. And in the last five days, it has fallen by -7.47%.
