Opinions
David Burrows
Irhythm Technologies
IRTC-O
BUY
Apr 18, 2018
N/A
Stock price when the opinion was issued
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He has owned IRTC-O in the past. It is in the medical device space and has equipment that looks for heart arrhythmia and loads the data to the cloud. The market has not yet said this stock has taken a positive turn yet. Earnings are growing and it is growing into its share price. He wants to see it break above $85-$87 before getting back in. He would prefer holding EW-N
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It is a great theme – medical devices. It is a company that makes bio-sensors that connect wirelessly to the cloud to report a patient's condition. They use artificial intelligence to recognize when you may be getting into difficulty. It has had a great run recently. The markets they are playing into are giant. These technologies are being accelerated. They are in the center of the space and could be involved in testing and monitoring for COVID, ultimately.
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They make a skin patch to monitor for irregular heartbeats then indicates on an app whether there are heart issues. Patient incomes are 3x as good as the next-best technology. This captures only 6% of the U.S. market and not international yet. IRTC did not break down during the recent correection. Strong.