Should You Buy iRhythm Technologies Stock At $75? [Forbes]
iRhythm Technologies, Inc. (IRTC)
Last irhythm technologies, inc. earnings: 2/27 04:05 pm
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Source: Forbes
LogoiRhythm technologies[Updated: 6/2/2021] IRTC Stock UndervaluedWe believe that the stock price ofiRhythm TechnologiesThe significant underperformance can be attributed to a revision of Medicare reimbursement rates by one of the Medicare Administrative Contractors - Novitas Solutions - earlier this year. The new rates are expected to result in a 15% cut in the top-line for 2021, compared to what it would have been as per the old rates. This development sent IRTC stock crashing over 70% year-to-date. Note that IRTC stock had risen to levels of around $275 in early 2020, but it has been on a decline since the end of January when the new rates for Medicare reimbursement were disclosed.Now that the stock has seen a large drop (down 39% in the last one year) despite revenue growing 20% y-o-y over the last four quarters, we believe IRTC stock is oversold, and it will likely see a rebound in the near term. Our dashboard ‘Buy Or Fear iRhythm Technologies StockStock PricesTrefisLooking at a
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News
- What Makes iRhythm Technologies (IRTC) a Lucrative Investment? [Yahoo! Finance]Yahoo! Finance
- 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
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