Irhythm Technologies stock hits 52-week high at 168.72 USD

iRhythm Technologies Inc . (NASDAQ:IRTC) stock reached a new 52-week high, closing at 168.72 USD, with the company now commanding a market capitalization of $5.4 billion. According to InvestingPro analysis, the stock appears overvalued at current levels. This milestone reflects a remarkable 1-year change, with the company’s stock price surging by 140.32%. The significant growth in iRhythm’s stock is supported by robust revenue growth of 22.4% and an impressive gross profit margin of 69.8%. InvestingPro data reveals the company maintains a healthy financial position with a "GOOD" overall health score. This upward trend highlights the market’s positive sentiment towards iRhythm’s innovative solutions in the healthcare technology sector, as it continues to gain traction and expand its influence in the industry. The company maintains strong liquidity with a current ratio of 5.02, though investors should note it operates with moderate debt levels. Discover more insights about IRTC and 1,400+ other stocks through comprehensive Pro Research Reports available on InvestingPro.

In other recent news, iRhythm Technologies reported better-than-expected earnings for the second quarter of 2025. The company posted an adjusted net loss of $0.32 per share, which was narrower than the anticipated $0.51 loss per share. Revenue for the quarter reached $186.7 million, surpassing expectations and reflecting a 26.1% increase from the previous year. Additionally, BofA Securities initiated coverage on iRhythm Technologies with a Buy rating and set a price target of $200. This endorsement highlights the company’s potential in the cardiac monitoring sector. Meanwhile, iRhythm faced scrutiny from Spruce Point Capital Management, which issued a short report suggesting a potential long-term downside for the stock. The report expressed concerns over the company’s cardiac monitoring products and management credibility. These developments present a mixed picture for investors to consider.

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