Is IRhythm Technologies Stock a Good Investment?
IRhythm Technologies Investment Advice | IRTC |
- Examine IRhythm Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research IRhythm Technologies' leadership team and their track record. Good management can help IRhythm Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Health Care Equipment & Supplies space and any emerging trends that could impact IRhythm Technologies' business and its evolving consumer preferences.
- Compare IRhythm Technologies' performance and market position to its competitors. Analyze how IRhythm Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if IRhythm Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about IRhythm Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in iRhythm Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if iRhythm Technologies is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Poor | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine IRhythm Technologies Stock
Researching IRhythm Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 99.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 4.85. iRhythm Technologies had not issued any dividends in recent years.
To determine if IRhythm Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding IRhythm Technologies' research are outlined below:
| iRhythm Technologies appears to be risky and price may revert if volatility continues | |
| The company reported the previous year's revenue of 492.68 M. Net Loss for the year was (123.41 M) with profit before overhead, payroll, taxes, and interest of 379.89 M. | |
| iRhythm Technologies currently holds about 204.49 M in cash with (50.1 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.81. | |
| iRhythm Technologies has a poor financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from finance.yahoo.com: A Look At The Fair Value Of iRhythm Technologies, Inc. |
IRhythm Technologies Quarterly Good Will |
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IRhythm Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in iRhythm Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to IRhythm Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 22nd of February 2024 Upcoming Quarterly Report | View | |
| 2nd of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 22nd of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact IRhythm Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises IRhythm Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2017-05-03 | 2017-03-31 | -0.34 | -0.24 | 0.1 | 29 | ||
2022-08-04 | 2022-06-30 | -0.91 | -0.8 | 0.11 | 12 | ||
2018-05-02 | 2018-03-31 | -0.36 | -0.47 | -0.11 | 30 | ||
2017-02-15 | 2016-12-31 | -0.26 | -0.37 | -0.11 | 42 | ||
2021-05-06 | 2021-03-31 | -0.83 | -0.95 | -0.12 | 14 | ||
2020-02-27 | 2019-12-31 | -0.53 | -0.65 | -0.12 | 22 | ||
2018-08-01 | 2018-06-30 | -0.39 | -0.51 | -0.12 | 30 | ||
2018-02-14 | 2017-12-31 | -0.35 | -0.48 | -0.13 | 37 |
IRhythm Technologies Target Price Consensus
IRhythm target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. IRhythm Technologies' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 13 | Strong Buy |
Most IRhythm analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand IRhythm stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of iRhythm Technologies, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationIRhythm Technologies Target Price Projection
IRhythm Technologies' current and average target prices are 112.11 and 106.83, respectively. The current price of IRhythm Technologies is the price at which iRhythm Technologies is currently trading. On the other hand, IRhythm Technologies' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
IRhythm Technologies Market Quote on 17th of February 2025
Target Price
Analyst Consensus On IRhythm Technologies Target Price
IRhythm Technologies Analyst Ratings
IRhythm Technologies' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about IRhythm Technologies stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of IRhythm Technologies' financials, market performance, and future outlook by experienced professionals. IRhythm Technologies' historical ratings below, therefore, can serve as a valuable tool for investors.Know IRhythm Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as IRhythm Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading iRhythm Technologies backward and forwards among themselves. IRhythm Technologies' institutional investor refers to the entity that pools money to purchase IRhythm Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-09-30 | 733.3 K | Champlain Investment Partners, Llc | 2024-12-31 | 726.3 K | Bnp Paribas Investment Partners Sa | 2024-09-30 | 707.2 K | Braidwell Lp | 2024-12-31 | 705.4 K | Blair William & Co | 2024-09-30 | 644.4 K | Allspring Global Investments Holdings, Llc | 2024-12-31 | 570 K | Slate Path Capital Lp | 2024-12-31 | 510.5 K | Stephens Inv Mgmt Group Llc | 2024-12-31 | 502.9 K | Bank Of New York Mellon Corp | 2024-12-31 | 491.5 K | Vanguard Group Inc | 2024-12-31 | 3.1 M | Artisan Partners Limited Partnership | 2024-12-31 | 2.8 M |
IRhythm Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.51 B.Market Cap |
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IRhythm Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.26) | (0.27) | |
| Return On Capital Employed | (0.35) | (0.36) | |
| Return On Assets | (0.26) | (0.27) | |
| Return On Equity | (0.53) | (0.56) |
Determining IRhythm Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if IRhythm Technologies is a good buy. For example, gross profit margin measures IRhythm Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of IRhythm Technologies' profitability and make more informed investment decisions.
Please note, the presentation of IRhythm Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, IRhythm Technologies' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of IRhythm Technologies' management manipulating its earnings.
Evaluate IRhythm Technologies' management efficiency
iRhythm Technologies has return on total asset (ROA) of (0.0893) % which means that it has lost $0.0893 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.0334) %, meaning that it created substantial loss on money invested by shareholders. IRhythm Technologies' management efficiency ratios could be used to measure how well IRhythm Technologies manages its routine affairs as well as how well it operates its assets and liabilities. As of February 17, 2025, Return On Tangible Assets is expected to decline to -0.27. In addition to that, Return On Capital Employed is expected to decline to -0.36. At present, IRhythm Technologies' Non Current Assets Total are projected to increase significantly based on the last few years of reporting. The current year's Non Currrent Assets Other is expected to grow to about 54.4 M, whereas Total Assets are forecasted to decline to about 287.1 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 6.19 | 4.12 | |
| Tangible Book Value Per Share | 6.17 | 4.04 | |
| Enterprise Value Over EBITDA | (39.91) | (41.90) | |
| Price Book Value Ratio | 14.00 | 8.61 | |
| Enterprise Value Multiple | (39.91) | (41.90) | |
| Price Fair Value | 14.00 | 8.61 | |
| Enterprise Value | 2.6 B | 1.6 B |
Understanding the operational decisions made by IRhythm Technologies management offers insights into its financial robustness. This evaluation is crucial for assessing the stock's investment potential.
Beta 1.291 |
Basic technical analysis of IRhythm Stock
As of the 17th of February 2025, IRhythm Technologies retains the Downside Deviation of 2.82, market risk adjusted performance of 97.86, and Risk Adjusted Performance of 0.1085. IRhythm Technologies technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.IRhythm Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific IRhythm Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on IRhythm Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases IRhythm Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
IRhythm Technologies' Outstanding Corporate Bonds
IRhythm Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. iRhythm Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most IRhythm bonds can be classified according to their maturity, which is the date when iRhythm Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| MPLX LP 4125 Corp BondUS55336VAK61 | View | |
| MPLX LP 4875 Corp BondUS55336VAJ98 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View | |
| Valero Energy Partners Corp BondUS91914JAA07 | View |
Understand IRhythm Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing IRhythm Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1085 | |||
| Market Risk Adjusted Performance | 97.86 | |||
| Mean Deviation | 2.32 | |||
| Semi Deviation | 2.37 | |||
| Downside Deviation | 2.82 | |||
| Coefficient Of Variation | 702.94 | |||
| Standard Deviation | 3.1 | |||
| Variance | 9.59 | |||
| Information Ratio | 0.1387 | |||
| Jensen Alpha | 0.4306 | |||
| Total Risk Alpha | 0.4257 | |||
| Sortino Ratio | 0.1524 | |||
| Treynor Ratio | 97.85 | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.96 | |||
| Downside Variance | 7.94 | |||
| Semi Variance | 5.63 | |||
| Expected Short fall | (2.41) | |||
| Skewness | 0.6374 | |||
| Kurtosis | 1.51 |
| Risk Adjusted Performance | 0.1085 | |||
| Market Risk Adjusted Performance | 97.86 | |||
| Mean Deviation | 2.32 | |||
| Semi Deviation | 2.37 | |||
| Downside Deviation | 2.82 | |||
| Coefficient Of Variation | 702.94 | |||
| Standard Deviation | 3.1 | |||
| Variance | 9.59 | |||
| Information Ratio | 0.1387 | |||
| Jensen Alpha | 0.4306 | |||
| Total Risk Alpha | 0.4257 | |||
| Sortino Ratio | 0.1524 | |||
| Treynor Ratio | 97.85 | |||
| Maximum Drawdown | 17.47 | |||
| Value At Risk | (4.24) | |||
| Potential Upside | 4.96 | |||
| Downside Variance | 7.94 | |||
| Semi Variance | 5.63 | |||
| Expected Short fall | (2.41) | |||
| Skewness | 0.6374 | |||
| Kurtosis | 1.51 |
Consider IRhythm Technologies' intraday indicators
IRhythm Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of IRhythm Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
IRhythm Technologies Corporate Filings
| 14th of February 2025 Other Reports | ViewVerify | |
| 13th of February 2025 Other Reports | ViewVerify | |
8K | 27th of January 2025 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
F4 | 27th of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
IRhythm Stock media impact
Far too much social signal, news, headlines, and media speculation about IRhythm Technologies that are available to investors today. That information is available publicly through IRhythm media outlets and privately through word of mouth or via IRhythm internal channels. However, regardless of the origin, that massive amount of IRhythm data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of IRhythm Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of IRhythm Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to IRhythm Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive IRhythm Technologies alpha.
IRhythm Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards IRhythm Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
iRhythm Technologies Historical Investor Sentiment
Investor biases related to IRhythm Technologies' public news can be used to forecast risks associated with an investment in IRhythm. The trend in average sentiment can be used to explain how an investor holding IRhythm can time the market purely based on public headlines and social activities around iRhythm Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
IRhythm Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for IRhythm Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average IRhythm Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on IRhythm Technologies.
IRhythm Technologies Maximum Pain Price Across May 16th 2025 Option Contracts
IRhythm Technologies' options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of IRhythm Technologies close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of IRhythm Technologies' options.
IRhythm Technologies Corporate Management
| Chad Patterson | Chief Officer | Profile | |
| Brice CPA | Chief Officer | Profile | |
| Mazi Kiani | VP Regulatory | Profile | |
| Daniel Wilson | Executive Relations | Profile | |
| Mintu MD | Chief Officer | Profile | |
| MS MD | Chief Innovation | Profile | |
| Mervin Smith | Executive Operations | Profile |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iRhythm Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Health Care Equipment & Supplies space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IRhythm Technologies. If investors know IRhythm will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IRhythm Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.85) | Revenue Per Share | Quarterly Revenue Growth 0.184 | Return On Assets | Return On Equity |
The market value of iRhythm Technologies is measured differently than its book value, which is the value of IRhythm that is recorded on the company's balance sheet. Investors also form their own opinion of IRhythm Technologies' value that differs from its market value or its book value, called intrinsic value, which is IRhythm Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IRhythm Technologies' market value can be influenced by many factors that don't directly affect IRhythm Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between IRhythm Technologies' value and its price, as these two are different measures arrived at by various means. Investors typically determine if IRhythm Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IRhythm Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.