Can IRhythm Stock Rebound After A Large 40% Drop Yesterday? [Forbes]
iRhythm Technologies, Inc. (IRTC)
Last irhythm technologies, inc. earnings: 2/27 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investors.irhythmtech.com
Company Research
Source: Forbes
BRAZIL - 2020/11/18: In this photo illustration the iRhythm Technologies logo seen displayed on a... [+]smartphone. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)The stock price ofiRhythm Technologies (NASDAQ: IRTC)press releaseFirstly, let us look at the numbers. Going by the stock price of $133, before yesterday's fall, IRTC stock was trading at 11.6x its estimated revenue-per-share (RPS) of $11.42 in 2021. Now, the Medicare represented 27% of the company's total revenues in 2020, and assuming the same contribution in 2021, Medicare revenues would have been around $86 million in 2021 (as per the old rates). Therefore, based on the impact of new rates, Medicare revenues will likely fall to around $37 million in 2021, implying a $49 million impact on the top-line. So, 2021 revenues will now be around $268 million or $9.66 on a per share basis. Going by similar P/S multiple of 11.6x, the stock price should be around $112, instead of $80 currently. In f
Show less
Read more
Impact Snapshot
Event Time:
IRTC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IRTC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IRTC alerts
High impacting iRhythm Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
IRTC
News
- iRhythm Technologies to Report First Quarter 2024 Financial Results on May 2, 2024GlobeNewswire
- Investors who lost money on iRhythm Technologies, Inc.(IRTC) should contact Levi & Korsinsky about pending Class Action - IRTCAccesswire
- iRhythm Technologies, Inc. investors: Please contact the Portnoy Law Firm to recover your losses; April 8, 2024 deadlineGlobeNewswire
- Levi & Korsinsky Notifies iRhythm Technologies, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - IRTCAccesswire
- IRTC DEADLINE: ROSEN, SKILLED INVESTOR COUNSEL, Encourages iRhythm Technologies, Inc. Investors to Secure Counsel Before Important April 8 Deadline in Securities Class Action – IRTCGlobeNewswire
IRTC
Earnings
- 2/22/24 - Miss
IRTC
Sec Filings
- 4/15/24 - Form 4/A
- 4/15/24 - Form 4/A
- 4/11/24 - Form ARS
- IRTC's page on the SEC website