iRhythm Technologies (IRTC) Competitors

$117.27
+0.93 (+0.80%)
(As of 03:31 PM ET)

IRTC vs. AXNX, PRCT, MMSI, HAE, IART, ICUI, NARI, TNDM, GKOS, and ATEC

Should you be buying iRhythm Technologies stock or one of its competitors? The main competitors of iRhythm Technologies include Axonics (AXNX), PROCEPT BioRobotics (PRCT), Merit Medical Systems (MMSI), Haemonetics (HAE), Integra LifeSciences (IART), ICU Medical (ICUI), Inari Medical (NARI), Tandem Diabetes Care (TNDM), Glaukos (GKOS), and Alphatec (ATEC). These companies are all part of the "surgical & medical instruments" industry.

iRhythm Technologies vs.

Axonics (NASDAQ:AXNX) and iRhythm Technologies (NASDAQ:IRTC) are both mid-cap medical companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, institutional ownership, community ranking, dividends, valuation, analyst recommendations, profitability, media sentiment and risk.

99.5% of Axonics shares are owned by institutional investors. 1.9% of Axonics shares are owned by insiders. Comparatively, 0.7% of iRhythm Technologies shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Axonics has a net margin of -1.66% compared to Axonics' net margin of -25.05%. iRhythm Technologies' return on equity of -1.00% beat Axonics' return on equity.

Company Net Margins Return on Equity Return on Assets
Axonics-1.66% -1.00% -0.90%
iRhythm Technologies -25.05%-56.38%-28.63%

Axonics presently has a consensus price target of $70.73, indicating a potential upside of 6.07%. iRhythm Technologies has a consensus price target of $135.11, indicating a potential upside of 15.19%. Given Axonics' stronger consensus rating and higher possible upside, analysts plainly believe iRhythm Technologies is more favorable than Axonics.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Axonics
0 Sell rating(s)
8 Hold rating(s)
5 Buy rating(s)
0 Strong Buy rating(s)
2.38
iRhythm Technologies
0 Sell rating(s)
0 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
3.00

Axonics has higher earnings, but lower revenue than iRhythm Technologies. Axonics is trading at a lower price-to-earnings ratio than iRhythm Technologies, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Axonics$366.38M9.28-$6.09M-$0.13-512.88
iRhythm Technologies$492.68M7.41-$123.41M-$4.05-28.96

In the previous week, Axonics had 1 more articles in the media than iRhythm Technologies. MarketBeat recorded 3 mentions for Axonics and 2 mentions for iRhythm Technologies. iRhythm Technologies' average media sentiment score of 1.82 beat Axonics' score of 0.93 indicating that Axonics is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Axonics
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive
iRhythm Technologies
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

iRhythm Technologies received 213 more outperform votes than Axonics when rated by MarketBeat users. However, 67.18% of users gave Axonics an outperform vote while only 65.93% of users gave iRhythm Technologies an outperform vote.

CompanyUnderperformOutperform
AxonicsOutperform Votes
174
67.18%
Underperform Votes
85
32.82%
iRhythm TechnologiesOutperform Votes
387
65.93%
Underperform Votes
200
34.07%

Axonics has a beta of 0.56, meaning that its share price is 44% less volatile than the S&P 500. Comparatively, iRhythm Technologies has a beta of 1.3, meaning that its share price is 30% more volatile than the S&P 500.

Summary

Axonics beats iRhythm Technologies on 11 of the 18 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding IRTC and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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IRTC vs. The Competition

MetriciRhythm TechnologiesSurgical & medical instruments IndustryMedical SectorNASDAQ Exchange
Market Cap$3.65B$3.81B$4.84B$7.48B
Dividend YieldN/A2.17%5.48%3.96%
P/E Ratio-28.9612.91199.0317.30
Price / Sales7.4155.212,352.5280.49
Price / CashN/A43.0745.9234.56
Price / Book17.124.234.634.28
Net Income-$123.41M$4.30M$102.75M$213.66M
7 Day Performance5.18%-0.91%-0.20%1.06%
1 Month Performance8.25%-6.65%-6.34%-4.36%
1 Year Performance-15.80%14.11%9.36%7.56%

iRhythm Technologies Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
AXNX
Axonics
3.1814 of 5 stars
$67.34
+0.0%
$70.73
+5.0%
+10.4%$3.43B$366.38M-517.96797News Coverage
Positive News
PRCT
PROCEPT BioRobotics
0.5307 of 5 stars
$51.99
+2.7%
$45.60
-12.3%
+47.3%$2.65B$136.19M-23.21626Upcoming Earnings
News Coverage
MMSI
Merit Medical Systems
4.8065 of 5 stars
$72.75
+1.1%
$92.50
+27.1%
-5.2%$4.22B$1.26B44.916,950Upcoming Earnings
Analyst Downgrade
Analyst Revision
News Coverage
Positive News
HAE
Haemonetics
4.4013 of 5 stars
$84.21
-0.8%
$104.67
+24.3%
-0.3%$4.28B$1.17B34.233,034Analyst Revision
IART
Integra LifeSciences
4.9173 of 5 stars
$31.82
-0.7%
$44.89
+41.1%
-49.5%$2.50B$1.54B38.343,946
ICUI
ICU Medical
4.4793 of 5 stars
$96.33
-0.8%
$123.00
+27.7%
-46.0%$2.35B$2.26B-78.3214,000News Coverage
NARI
Inari Medical
2.2019 of 5 stars
$39.10
-1.0%
$73.71
+88.5%
-46.0%$2.27B$493.63M-1,303.331,300Upcoming Earnings
TNDM
Tandem Diabetes Care
1.8769 of 5 stars
$32.96
+3.5%
$37.00
+12.3%
-6.7%$2.13B$747.72M-9.582,400Analyst Report
News Coverage
Positive News
GKOS
Glaukos
3.449 of 5 stars
$96.94
+0.1%
$99.80
+3.0%
+103.9%$4.80B$314.71M-34.87907Upcoming Earnings
ATEC
Alphatec
4.0614 of 5 stars
$13.19
+0.7%
$23.63
+79.1%
-19.9%$1.82B$482.26M-8.51839News Coverage

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This page (NASDAQ:IRTC) was last updated on 4/24/2024 by MarketBeat.com Staff

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