iRhythm Technologies Inc Shares Up 4.49 percent on Nov 1

IRTC Stock  USD 86.97  2.05  2.30%   
About 66% of IRhythm Technologies' investor base is looking to short. The analysis of overall sentiment of trading iRhythm Technologies stock suggests that many investors are alarmed at this time. The current market sentiment, together with IRhythm Technologies' historical and current headlines, can help investors time the market. In addition, many technical investors use iRhythm Technologies stock news signals to limit their universe of possible portfolio assets.
  
Shares of iRhythm Technologies Inc surged 4.49 percent in mid-day trading on Nov 1. The stock reached an intraday high of 75.77, before settling at 75.69,

Read at gurufocus.com
Gurufocus Stories at Macroaxis
  

iRhythm Technologies Current Investor Sentiment

Panic Vs Confidence

34

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use IRhythm Technologies' input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward iRhythm Technologies.

IRhythm Technologies Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards IRhythm Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

IRhythm Technologies Fundamental Analysis

We analyze IRhythm Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of IRhythm Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of IRhythm Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Short Ratio

Short Ratio Comparative Analysis

IRhythm Technologies is currently under evaluation in short ratio category among its peers. Short Ratio is typically used by traders and speculators to identify trends in current market sentiment for a particular equity instrument. In its simple terms this ratio shows how many days it will take all current short sellers to cover their positions if the price of a stock begins to rise.

iRhythm Technologies Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with IRhythm Technologies stock to make a market-neutral strategy. Peer analysis of IRhythm Technologies could also be used in its relative valuation, which is a method of valuing IRhythm Technologies by comparing valuation metrics with similar companies.

Peers

IRhythm Technologies Related Equities

NPCENeuropace   3.41   
0%
100.0%
FNAParagon 28   3.20   
0%
93.0%
KIDSOrthopediatrics Corp   2.32   
0%
68.0%
OFIXOrthofix Medical   2.09   
0%
61.0%
SGHTSight Sciences   2.05   
0%
60.0%
CNMDCONMED   1.20   
0%
35.0%
GKOSGlaukos Corp   0.67   
0%
19.0%
LIVNLivaNova PLC   0.04   
0%
1.0%
ITGRInteger Holdings   0.21   
6.0%
0%
SRDXSurModics   0.23   
6.0%
0%
BRKRBruker   0.74   
21.0%
0%
ELMDElectromed   0.90   
26.0%
0%

Complementary Tools for IRhythm Stock analysis

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.
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Fundamentals Comparison
Compare fundamentals across multiple equities to find investing opportunities
Equity Valuation
Check real value of public entities based on technical and fundamental data
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Idea Analyzer
Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
Portfolio Volatility
Check portfolio volatility and analyze historical return density to properly model market risk