WallStreetZenWallStreetZen

How to Buy Irhythm Technologies Stock

Irhythm Technologies Inc

iRhythm Technologies, Inc. , a digital healthcare company, provides ambulatory electrocardiogram (ECG) monitoring products for patients at risk for arrhythmias in the United States.

Irhythm Technologies stock last closed at $88.94, up 1.02% from the previous day, and has decreased 28.28% in one year. It has underperformed other stocks in the Medical Devices industry by 0.16 percentage points. Irhythm Technologies stock is currently +26.62% from its 52-week low of $70.24, and -28.73% from its 52-week high of $124.80.

As of May 24, 2024, there are 31.1M IRTC shares outstanding. The market value of IRTC is $2.77B. In the past 24 hours, 277,148 IRTC shares were traded.

How to Buy Irhythm Technologies Stock

Not sure how to invest in Irhythm Technologies stock? Here's how.
  1. Choose where to buy Irhythm Technologies stock: You need to pick an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you determine where to buy Irhythm Technologies stock.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Pick your method of payment and add your info.
  4. Evaluate Irhythm Technologies stock: The Irhythm Technologies ticker symbol is IRTC. Is Irhythm Technologies stock a good investment? Should you buy shares of IRTC? How do IRTC's underlying business fundamentals look? Do top analysts think Irhythm Technologies is a good buy? Why has IRTC's stock price moved recently? (Hint: Our stock analysis website can help you understand if IRTC is a good stock to buy).
  5. Execute your IRTC buy order: Decide if you will purchase IRTC shares at the current market price or use a limit order to purchase IRTC shares at a particular price.
  6. Keep tabs on your investment in IRTC: Create a watchlist to the latest updates on your new investment in Irhythm Technologies shares.

Step 1: Choose where to buy Irhythm Technologies stock

You need a brokerage account in order to access the NASDAQ market and buy IRTC shares.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

We believe that eToro is the best stock brokerage. eToro gives you:

  • Invest in stocks with zero commissions: Invest without paying trading commissions.
  • Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
  • Access to world markets: From Tech to Real Estate, New York to London — you can fill your portfolio with stocks from the world's leading exchanges.
  • Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed fintech leader.
  • Buy other assets: Such as ETFs and cryptocurrencies.

Get $10 towards your share purchase by opening an account with eToro now.

Open eToro Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

Step 2: Sign up for a brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal details so you are able to buy IRTC today.

How to Open a New Brokerage Account on eToro

  1. Click here to get started.
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
  2. Provide your personal data to create a new brokerage account.
  1. Submit your application by pressing the "Create Account" button.
  2. Get started with eToro today
    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 3: Put funds into your brokerage account

Now that you have opened your account on the best stock trading app, you can securely and quickly fund your account:

Watch the tutorial below for more details transferring funds into your new brokerage account.

Get started with eToro today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Step 4: Evaluate Irhythm Technologies stock

After you have figured out the best place to buy Irhythm Technologies stock, it's critical to evaluate their stock prior to investing, so you truly wrap your head around the risk as well as the upside.

Irhythm Technologies shares at a glance

IRTC Price
$88.94
1w %
-6.21%
1y %
-28.28%
5y %
29.61%
P/E
-21.03x
P/B
30.64x
P/S
5.38x
PEG
N/A
Revenue
$513.17M
Earnings
-$129.96M
Fore. Rev. Growth
16.16%
Fore. Earn. Growth
N/A
Market Cap
$2.77B
Next Earnings
N/A
Next Dividend
N/A

Fundamentals of IRTC

WallStreetZen was created to help average investors perform better fundamental analysis quickly.

You can see all of the due diligence checks on IRTC's stock page.

What is the fair value of IRTC stock?

You can use a variety of different financial metrics, analyses, models, and charts to gauge IRTC's fair value.

Using relative valuations methods:

  • IRTC could be overvalued based on its P/B ratio of 30.64x, relative to Medical Devices industry P/B ratio of 3.95x

You can access additional valuation research on IRTC's stock here.

IRTC Financial Summary

Signs that IRTC is financially healthy:

  • There are more short-term assets than short-term liabilities on the IRTC balance sheet.
  • IRTC has $569.09M in cash and short term investments. This is sufficient to cover its annual cash burn of $113.15M.
  • IRTC has cash burn of 113154000. It has sufficient cash and short-term investments to cover this for at least one year.

Signs that IRTC is not financially healthy:

  • Total IRTC debt is higher than 5 years ago, relative to shareholder equity.
  • There are more long-term liabilities than short-term assets on the IRTC balance sheet.
  • IRTC has a relatively high debt to equity ratio of 9.08.
  • IRTC profit margin has gone down from -24.3% to -25.3% in the past year.

Is it a good time to buy Irhythm Technologies stock, according to Wall Street analysts?

Out of 5 Equities analysts who track IRTC, the consensus analyst rating on IRTC is a Strong Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

You can dig deeper into what analysts are projecting on the Irhythm Technologies stock forecast page.

IRTC Technical Indicators

SMA10
94.41
SMA20
99.91
SMA50
106.69
SMA100
110
SMA200
101
MACD
-5.37
MACD Signal
-4.22
MACD Histogram
-1.15
RSI
27.42
Stochastic %K
7.55
Stochastic %D
5.78
StochRSI %K
4.56
StochRSI %D
1.52

Is IRTC Making Money?

Last year, IRTC revenue was $513.17M. During the last five year, IRTC's revenue has gone up by 25.62% per year. This was faster than the Medical Devices industry average of 13.08%.

Learn more about IRTC's earnings and revenue performance here.

What are IRTC insiders up to?

Over the past 12 months, executives and large shareholders at IRTC have sold more shares than they have bought.

Quentin S. Blackford, President and CEO of IRTC, was the latest IRTC insider to sell. They sold $469,121.94 worth of IRTC stock on Mar 4, 2024.

Dig into more about who owns IRTC stock here.

Can I get consistent income from IRTC stock?

No, Irhythm Technologies doesn't provide an income stream by paying out dividends.

Get opinions from other investors

One of the primary reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other community members have to say.

Step 5: Execute your IRTC buy order

You have two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are usually the best for newer investors.
  • Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount limit, place a limit order.

Hit the Open button and eToro will place the order.

If you require more assistance investing in stocks on eToro, watch the helpful video below:

Open eToro Account

Step 6: Keep tabs on your investment in IRTC

Now that you own some shares in IRTC, you'll want to stay up-to-date on your new company.

Put IRTC on a watchlist to keep tabs on your IRTC stock.

IRTC Feed

How to Buy Stock in Irhythm Technologies

To summarize, here are the 6 steps you need to take to buy Irhythm Technologies stock right now:

  1. Choose where to buy Irhythm Technologies stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Irhythm Technologies stock
  5. Execute your IRTC buy order
  6. Keep tabs on your investment in IRTC

If you are looking for a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Irhythm Technologies, get started below.

NASDAQ: IRTC
$88.94+0.90 (+1.02%)
Updated May 24, 2024
Open eToro Account
NASDAQ: IRTC
$88.94+0.90 (+1.02%)
Updated May 24, 2024
Open eToro Account

FAQ

How much does it cost to buy one Irhythm Technologies share?

As of May 24, 2024, it costs $88.94 to buy one share of Irhythm Technologies stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.112 shares of IRTC.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Irhythm Technologies stock?

According to 5 Wall Street analysts who monitor Irhythm Technologies, their consensus recommendation is to buy Irhythm Technologies stock.

What is the best way to buy Irhythm Technologies stock?

One way to place an order for Irhythm Technologies stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.