Irhythm Technologies Stock Probability of Future Stock Price Finishing Under 116.43
| IRTC Stock | USD 102.68 8.20 7.40% |
Closest to current price IRhythm long CALL Option Payoff at Expiration
IRhythm |
IRhythm Technologies Target Price Odds to finish below 116.43
The tendency of IRhythm Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to stay under $ 116.43 after 90 days |
| 102.68 | 90 days | 116.43 | about 77.19 |
Based on a normal probability distribution, the odds of IRhythm Technologies to stay under $ 116.43 after 90 days from now is about 77.19 (This iRhythm Technologies probability density function shows the probability of IRhythm Stock to fall within a particular range of prices over 90 days) . Probability of iRhythm Technologies price to stay between its current price of $ 102.68 and $ 116.43 at the end of the 90-day period is about 74.86 .
Given the investment horizon of 90 days the stock has the beta coefficient of 1.49 . This usually indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, IRhythm Technologies will likely underperform. Additionally IRhythm Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite. IRhythm Technologies Price Density |
| Price |
Predictive Modules for IRhythm Technologies
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as iRhythm Technologies. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of IRhythm Technologies' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
IRhythm Technologies Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. IRhythm Technologies is not an exception. The market had few large corrections towards the IRhythm Technologies' value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold iRhythm Technologies, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of IRhythm Technologies within the framework of very fundamental risk indicators.α | Alpha over NYSE Composite | -0.13 | |
β | Beta against NYSE Composite | 1.49 | |
σ | Overall volatility | 5.08 | |
Ir | Information ratio | -0.03 |
IRhythm Technologies Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of IRhythm Technologies for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for iRhythm Technologies can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| iRhythm Technologies generated a negative expected return over the last 90 days | |
| iRhythm Technologies has high historical volatility and very poor performance | |
| 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 281.63 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 frail financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: iRhythm Technologies Reports Q1 2024 Results Revenue Surpasses Estimates Amidst Wider Losses |
IRhythm Technologies Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of IRhythm Stock often depends not only on the future outlook of the current and potential IRhythm Technologies' investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. IRhythm Technologies' indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 30.5 M | |
| Cash And Short Term Investments | 133.8 M |
IRhythm Technologies Technical Analysis
IRhythm Technologies' future price can be derived by breaking down and analyzing its technical indicators over time. IRhythm Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of iRhythm Technologies. In general, you should focus on analyzing IRhythm Stock price patterns and their correlations with different microeconomic environments and drivers.
IRhythm Technologies Predictive Forecast Models
IRhythm Technologies' time-series forecasting models is one of many IRhythm Technologies' stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary IRhythm Technologies' historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about iRhythm Technologies
Checking the ongoing alerts about IRhythm Technologies for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for iRhythm Technologies help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| iRhythm Technologies generated a negative expected return over the last 90 days | |
| iRhythm Technologies has high historical volatility and very poor performance | |
| 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 281.63 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 frail financial position based on the latest SEC disclosures | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: iRhythm Technologies Reports Q1 2024 Results Revenue Surpasses Estimates Amidst Wider Losses |
Check out IRhythm Technologies Backtesting, IRhythm Technologies Valuation, IRhythm Technologies Correlation, IRhythm Technologies Hype Analysis, IRhythm Technologies Volatility, IRhythm Technologies History as well as IRhythm Technologies Performance. For information on how to trade IRhythm Stock refer to our How to Trade IRhythm Stock guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
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When running IRhythm Technologies' price analysis, check to measure IRhythm Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy IRhythm Technologies is operating at the current time. Most of IRhythm Technologies' value examination focuses on studying past and present price action to predict the probability of IRhythm Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IRhythm Technologies' price. Additionally, you may evaluate how the addition of IRhythm Technologies to your portfolios can decrease your overall portfolio volatility.
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Is IRhythm Technologies' industry 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 (4.04) | Revenue Per Share 16.709 | Quarterly Revenue Growth 0.184 | Return On Assets (0.09) | Return On Equity (0.83) |
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.
Please note, there is a significant difference between IRhythm Technologies' value and its price as these two are different measures arrived at by different 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.