IRTC Forecast


Bullish Case: IRTC's recent rebound from lows, mean reversion trend, and analysts' expectations for breakeven in 2 years provide reasons to anticipate future appreciation.


Bearish Case: Persistent legal issues, recent decline in stock price, and FDA scrutiny suggest continued volatility and downside risks for IRTC.


Potential Outcomes: 45% chance IRTC stabilizes with resolution of legal issues; 35% chance of continuing decline due to negative sentiment; 20% upside on breakeven achievement.


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April 11, 2024


iRhythm Forecast

IRTC        iRhythm
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with IRTC



ANNX Forecast + Options Trading Strategies   ANNX  Annexon (0.79)


SII Forecast + Options Trading Strategies   SII  Sprott (0.79)


MRK Forecast + Options Trading Strategies   MRK  Merck (0.78)


TSCO Forecast + Options Trading Strategies   TSCO  Tractor Supply (0.77)


TGT Forecast + Options Trading Strategies   TGT  Target (0.75)



Uncorrelated Stock Forecasts

Assets with little price relationship to IRTC



EXAS Forecast + Options Trading Strategies   EXAS  Exact Sciences (-0.0)


ARKQ Forecast + Options Trading Strategies   ARKQ  ARK Autonomous Technology & Robotics E (0.0)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (0.0)


BTI Forecast + Options Trading Strategies   BTI  British American Tobacco (-0.0)


TRGP Forecast + Options Trading Strategies   TRGP  Targa Resources (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IRTC



EQT Forecast + Options Trading Strategies   EQT  EQT (-0.64)


XPEV Forecast + Options Trading Strategies   XPEV  XPeng (-0.65)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (-0.68)


FNGR Forecast + Options Trading Strategies   FNGR  FingerMotion (-0.69)


EQNR Forecast + Options Trading Strategies   EQNR  Equinor ASA - (-0.73)





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