A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Real-time analyst ratings, insider transactions, earnings data, and more. If we sum future FCF, and use a WACC of 7.4%, the enterprise value would stand at $4.782 billion.

  • 2 billion dollar business suddenly then becomes worth 1 billion by government edict.
  • High institutional ownership can be a signal of strong market trust in this company.
  • The expected increase in FCF is what made me design a DCF model for the company.
  • IRhythm Technologies, Inc. offers innovative solutions in the field of digital healthcare.

2 billion dollar business suddenly then becomes worth 1 billion by government edict. Most insurers will then base their reimbursement on the changes. This device maker has fragile business model which may soon become victim of medicare reimbursement changes, reducing is current payment by 50%. Before jumping directly into momentum stocks worth buying now, it's important to understand what momentum trading is.

iRhythm Technologies to Report First Quarter 2023 Financial Results on May 4, 2023

IRhythm Technologies, Inc. is a digital healthcare company, which engages in the design, development, and commercialization of device-based technology to provide ambulatory cardiac monitoring services. It also provides solutions that detect, predict, and prevent disease. The company was founded by Uday N. Kumar in September 2006 and is headquartered in San Francisco, CA. Market Cap is calculated by multiplying the number of shares outstanding by the stock's price. To calculate, start with total shares outstanding and subtract the number of restricted shares.

The company is exposed to various risks and uncertainties, including those related to regulation and reimbursement by Medicare and other commercial payers. If doctors, regulators, and insurance companies decide that the devices are too expensive or not necessary, I believe that revenue expectations would decline. In particular, we do not know yet how European or Japanese hospitals and the social security systems will feel about the innovations offered by iRhythm. The state-owned company entered the primary markets by listing in October 2019 and enjoys a strong monopoly.

market cap

Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company's dividend expressed as a percentage of its current stock price. The Company has developed a portfolio of ambulatory cardiac monitoring services on a platform, called the Zio service. Zio service consists of wearable patch-based biosensors, Zio XT and Zio AT monitors, which records and stores ECG data from every patient... IRhythm Technologies, Inc., a digital healthcare company, provides ambulatory electrocardiogram monitoring products for patients at risk for arrhythmias in the United States.

The assumptions I made in my DCF model included deleting certain items from the cash flow statement because they do not seem like activities related to the business model. Reimbursement of tenant improvements was assumed to be zero from 2023 to 2033. I also assumed that impairment changes and changes due to other assets would be close to zero. My cash flow model includes gradual increases in FCF driven by increases in net income accompanied by increases in depreciation, increases in accounts payable, and increases in deferred revenue.

It is also worth noting that expectations about future FCF growth from management, investment advisors, or even my DCF model could be wrong. If the target market is overestimated, I believe that future FCF would be lower than expected, which would imply a lower implied stock price. The ability to innovate and expand internationally as well as the need to attract and retain senior management and key personnel are also significant risks. In my view, iRhythm will need a significant amount of cash for issuing new products in existing or related markets. If investors decide not to give further cash to iRhythm, I believe that FCF expectations would most likely decline.


To see all exchange delays and terms of use please see Bar's disclaimer. The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023. IRhythm Technologies has a short interest ratio ("days to cover") of 6.8.

Data may be intentionally delayed pursuant to supplier requirements. I wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in this article. I/we have a beneficial long position in the shares of IRTC either through stock ownership, options, or other derivatives.

IRhythm Technologies, Inc. offers innovative solutions in the field of digital healthcare. IRhythm Technologies witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength...


Investors will likely pay special attention to the fact that iRhythm uses FDA-cleared artificial intelligence. I believe that investors will likely pay special attention to the fact that iRhythm uses FDA-cleared artificial intelligence. Nature Medicine in 2019 published information about the results. Take your analysis to the next level with our full suite of features, known and used by millions throughout the trading world.

About IRTC

I also believe that capital expenditures would likely increase as will the CFO. My numbers are pretty much aligned with previous figures for accounts receivable, accounts payable, and inventories. I am really not thinking out of the box because I want realistic figures. The company is also seeking international expansion opportunities in European countries, Japan, and the UK. In particular, in 2023, the company expects to develop new initiatives in Europe, which may bring news to the market, and accelerate the demand for the stock. Bloomberg Markets The Close Romaine Bostick breaks down the day's top stories and trading action leading into the close.

FCF growth in 2033 is expected to be close to 12%, and 2033 net income growth would stand at 16%. The company focuses on direct marketing of its Zio Services in the United States, and is aimed at healthcare professionals who diagnose and manage the care of patients with arrhythmias. The company has been successful in focusing on integrated delivery networks, and is exploring opportunities in the UK, Japan, Switzerland, the Netherlands, and Spain. Besides, management sees opportunities in monitoring asymptomatic patients with atrial fibrillation. With approximately more than five million patients using its services and more than one billion hours of heartbeat data collected, the company has demonstrated its leadership in the market. Furthermore, with presence in several major cities in the United States, in my view, iRhythm Technologies is positioned as a reliable and strong company in the healthcare industry.

  • Its Zio system, which combines a portable biosensor and cloud-based software, enables clinicians to efficiently and quickly diagnose arrhythmias, which can lead to more timely and effective care for patients.
  • I also assumed that impairment changes and changes due to other assets would be close to zero.
  • The total amount of current assets is around 2.9x the total amount of current liabilities, so I do not believe that we have a liquidity issue here.
  • IRhythm Technologies' stock is owned by a number of retail and institutional investors.

It’s also the only entity authorised to manage catering services on trains and major static units at railway stations. That also included several of the most popular innovative stocks. Measures how much net income or profit is generated as a percentage of revenue. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.

The remote cardiac monitoring market is highly competitive, and is constantly changing due to technological advances and market activities of industry participants. IRhythm Technologies competes with companies such as BioTelemetry, Preventice Solutions, and Bardy Diagnostics to offer remote cardiac monitoring technology and diagnostic services. I also recently changed my long term expectations about the company because of its recent guidance for 2023 and the expectations of other analysts. Management believes that Adjusted EBITDA margin would stand at close to 0.5% or -0.5%, with gross margin close to 69%-70% and net revenue of $475-$485 million. Indian Railway Catering & Tourism Corporation Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 49,424.00 Crore) operating in Tourism & Hospitality sector. IRhythm Technologies' stock is owned by a number of retail and institutional investors.

iRhythm Technologies, Inc

Market expectations include 2025 net sales of $680 million, net sales growth close to 19%, 2025 EBITDA of $68.5 million, an EBITDA margin of 10%, and 2025 net income close to -$38.1 million. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades. Net money flow is the value of uptick trades minus the value of downtick trades. The net income growth, CFO growth, and FCF growth that I assumed are aligned with the expected growth of the global ambulatory cardiac monitoring devices market, which appears to be close to 10%. My numbers are a bit more significant than that of the market because iRhythm is a new entrant.

iRhythm Technologies (IRTC) to Release Quarterly Earnings on ... - MarketBeat

iRhythm Technologies (IRTC) to Release Quarterly Earnings on ....

Posted: Thu, 27 Apr 2023 08:27:19 GMT [source]

Average price gain of 7.64% within 30 days of this signal in last 5 years. One share of IRTC stock can currently be purchased for approximately $134.90. Sign-up to receive the latest news and ratings for iRhythm Technologies and its competitors with MarketBeat's FREE daily newsletter. The P/E ratio of iRhythm Technologies is -34.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. 98.96% of the stock of iRhythm Technologies is held by institutions.

High institutional ownership can be a signal of strong market trust in this company. In the past three months, iRhythm Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,831,058.00 in company stock. MarketBeat has tracked 4 news articles for iRhythm Technologies this week, compared to 3 articles on an average week. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Data are provided 'as is' for informational purposes only and are not intended for trading purposes.

7.49% of the outstanding shares of iRhythm Technologies have been sold short. Shares Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services.

iRhythm Technologies, Inc. (NASDAQ:IRTC) Sees Significant ... - MarketBeat

iRhythm Technologies, Inc. (NASDAQ:IRTC) Sees Significant ....

Posted: Fri, 21 Apr 2023 09:02:55 GMT [source]

hazards in the workplace Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. A new analysis of iRhythm's mSToPS trial, presented at the American Heart Association, reveals that Zio® XT provided high value from a health economic perspective A new analysis of iRhythm's mSToPS tr... Clinical studies presented at the American Heart Association 2022 Scientific Sessions event demonstrate compelling diagnostic and health economic value of the Zio® suite of products across a range of ... Additional studies presented at ACC.23/WCC reinforce the clinical value of the Zio suite of products and services Additional studies presented at ACC.23/WCC reinforce the clinical value of the Zio sui...

Only 2 people have added iRhythm Technologies to their MarketBeat watchlist in the last 30 days. I also believe that sufficient information about why devices like that of iRhythm are necessary could also make more doctors and clients interested. I believe that management will do good by noting the report issued by The American Journal of Cardiology.

Raised $76 million in an initial public offering on Thursday, October 20th 2016. The company issued 5,400,000 shares at a price of $13.00-$15.00 per share. Morgan and Morgan Stanley acted as the underwriters for the IPO and Canaccord Genuity and BTIG were co-managers. 20 employees have rated iRhythm Technologies Chief Executive Officer Kevin M. King on Kevin M. King has an approval rating of 91% among the company's employees. This puts Kevin M. King in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

The company's Zio XT and AT monitors, a single-use, wire-free, and wearable patch-based biosensors, records patient's heartbeats and E... IRhythm Technologies has established itself as a leader in the digital healthcare market with its innovative Zio ambulatory cardiac monitoring system. With a strong presence in the United States, I believe that the company has a stable customer base and a trusted brand name in the healthcare industry. Competition in the market for ambulatory cardiac monitoring solutions and the billing complexity of Zio services remain significant. Besides, risks from overestimation of the target market could imply lower FCF than initially expected.

iRhythm Stock: AI Products May Be Better Than Cardiologists ... - Seeking Alpha

iRhythm Stock: AI Products May Be Better Than Cardiologists ....

Posted: Wed, 26 Apr 2023 21:22:35 GMT [source]

According to 8 analysts, the average rating for IRTC stock is "Strong Buy." The 12-month stock price forecast is $150.0, which is an increase of 14.16% from the latest price. Represents the company's profit divided by the outstanding shares of its common stock. IRhythm Technologies issued an update on its FY 2023 earnings guidance on Friday, April, 14th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $475.00 million-$485.00 million, compared to the consensus revenue estimate of $482.18 million.