Currently, there are 31.29M common shares owned by the public and among those 30.80M shares have been available to trade.
The company’s stock has a 5-day price change of 10.88% and 75.38% over the past three months. IRTC shares are trading 20.14% year to date (YTD), with the 12-month market performance down to -2.01% lower. It has a 12-month low price of $55.92 and touched a high of $124.11 over the same period. IRTC has an average intraday trading volume of 495.11K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 16.25%, 23.09%, and 24.50% respectively.
Institutional ownership of iRhythm Technologies Inc (NASDAQ: IRTC) shares accounts for 113.59% of the company’s 31.29M shares outstanding.
It has a market capitalization of $3.39B and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$4.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.56% over the week and 5.27% over the month.
Earnings per share for the fiscal year are expected to increase by 10.22%, and 49.50% over the next financial year.
Looking at the support for the IRTC, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on December 03, 2024, with the firm’s price target at $86. Goldman coverage for the iRhythm Technologies Inc (IRTC) stock in a research note released on October 04, 2024 offered a Neutral rating with a price target of $78. Wolfe Research was of a view on June 20, 2024 that the stock is Outperform, while Citigroup gave the stock Buy rating on December 11, 2023, issuing a price target of $110. Robert W. Baird on their part issued Outperform rating on July 19, 2023.
