Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Irhythm Technologies Inc before investing.

In this article, we go over a few key elements for understanding Irhythm Technologies Inc’s stock price such as:

• Irhythm Technologies Inc’s current stock price and volume
• Why Irhythm Technologies Inc’s stock price changed recently
• Upgrades and downgrades for IRTC from analysts
• IRTC’s stock price momentum as measured by its relative strength

About Irhythm Technologies Inc (IRTC)

Before we jump into Irhythm Technologies Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

iRhythm Technologies, Inc. is a digital health care company, which creates solutions that detect, predict, and prevent disease. The Company designs, develops, and commercializes device-based technology to provide ambulatory cardiac monitoring services. It offers three Zio System options: the Zio Monitor System, the Zio XT System, and the Zio AT System. It offers its Zio ambulatory cardiac monitoring services, including long-term continuous monitoring, short-term continuous monitoring, and mobile cardiac telemetry monitoring services (Zio Services), using its Zio Systems. The Zio Monitor System is a prescription-only, remote ECG monitoring system that consists of a patch ECG monitor (the Zio Monitor patch) that records the electric signal from the heart continuously for up to 14 days and the Zio ECG Utilization Software (ZEUS) System, which supports the capture and analysis of ECG data recorded by the Zio Monitor patch at the end of the wear period.

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Irhythm Technologies Inc’s Stock Price as of Market Close

As of May 08, 2024, 4:00 PM, CST, Irhythm Technologies Inc’s stock price was $98.76.

Irhythm Technologies Inc is down 7.02% from its previous closing price of $106.22.

During the last market session, Irhythm Technologies Inc’s stock traded between $104.18 and $106.98. Currently, there are 31.03 million shares of Irhythm Technologies Inc stock available for purchase.

Unfortunately, Irhythm Technologies Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Irhythm Technologies Inc Stock Price History

Irhythm Technologies Inc’s (IRTC) price is currently down 9.87% so far this month.

During the month of May, Irhythm Technologies Inc’s stock price has reached a high of $113.20 and a low of $98.53.

Over the last year, Irhythm Technologies Inc has hit prices as high as $132.92 and as low as $70.24. Year to date, Irhythm Technologies Inc’s stock is up 5.43%.

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What Caused Irhythm Technologies Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 07, 2024, there were 6 analysts who downgraded Irhythm Technologies Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Irhythm Technologies Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Irhythm Technologies Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Irhythm Technologies Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Irhythm Technologies Inc (IRTC) by visiting AAII Stock Evaluator.

Relative Price Strength of Irhythm Technologies Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 07, 2024, Irhythm Technologies Inc has a weighted four-quarter relative price strength of -8.94%, which translates to a Momentum Score of 32 and is considered to be Weak.

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Irhythm Technologies Inc Stock Price: Bottom Line

As of May 8, 2024, Irhythm Technologies Inc’s stock price is $98.76, which is down 7.02% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Irhythm Technologies Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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