iRadimed Corp

iRadimed Corp Stock Forecast & Price Prediction

Live iRadimed Corp Stock (IRMD) Price
$49.57

2

Ratings

  • Buy 1
  • Hold 1
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$49.57

P/E Ratio

33.93

Volume Traded Today

$13,510

Dividend

$0.15

52 Week High/low

50.93/36.12

iRadimed Corp Market Cap

$627.7M

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IRMD Summary

Based on ratings from 2 stock analysts, the iRadimed Corp stock price is expected to increase by 21.04% in 12 months. This is calculated by using the average 12-month stock price forecast for iRadimed Corp. The lowest target is $60 and the highest is $60. Please note analyst price targets are not guaranteed and could be missed completely.

IRMD Analyst Ratings

About 2 Wall Street analysts have assignedIRMD 1 buy ratings, 1 hold ratings, and 0 sell ratings. This means that analysts expect iRadimed Corp to hold. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on IRMD. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

IRMD stock forecast by analyst

These are the latest 20 analyst ratings of IRMD.

Analyst/Firm

Rating

Price Target

Change

Date

Jason Wittes
Roth MKM

Buy

$60

Maintains

Aug 2, 2024
Jason Wittes
Roth MKM

Buy

$65

Reinstates

Apr 22, 2024
Scott Henry
Roth Capital

Buy

$36

Maintains

Aug 2, 2021

Roth Capital

Buy


Upgrade

Jul 31, 2017

Roth Capital

Neutral


Downgrade

Oct 5, 2016

Roth Capital

Buy

$25

Maintains

Apr 4, 2016

Roth Capital

Buy

$23

Maintains

Jun 16, 2015

Roth Capital



Initiates

Aug 11, 2014

IRMD Company Information

What They Do: Develops MRI compatible medical devices and accessories.

Business Model: The company generates revenue by developing, manufacturing, marketing, and distributing MRI compatible medical devices, such as IV infusion pumps and vital signs monitoring systems. It sells its products primarily to hospitals, acute care facilities, and outpatient imaging centers through a combination of direct sales and independent distribution channels.

Other Information: Founded in 1992 and headquartered in Winter Springs, Florida, the company has established a strong presence in the medical device market, particularly in MRI-compatible products, which are essential for patient care in imaging environments.
IRMD
iRadimed Corp (IRMD)

When did it IPO

2014

Staff Count

148

Country

United States

Sector/Industry

Healthcare/Medical Devices

CEO

Mr. Roger E. Susi

Market Cap

$627.7M

iRadimed Corp (IRMD) Financial Data

In 2023, IRMD generated $65.6M in revenue, which was a increase of 23.00% from the previous year. This can be seen as a signal that IRMD's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$31.7M

Revenue From 2021

$41.8M

31.83 %
From Previous Year

Revenue From 2022

$53.3M

27.48 %
From Previous Year

Revenue From 2023

$65.6M

23.00 %
From Previous Year
  • Revenue TTM $69.5M
  • Operating Margin TTM 31.4%
  • Gross profit TTM $50.2M
  • Return on assets TTM 15.6%
  • Return on equity TTM 25.1%
  • Profit Margin 26.8%
  • Book Value Per Share 6.29%
  • Market capitalisation $627.7M
  • Revenue for 2021 $41.8M
  • Revenue for 2022 $53.3M
  • Revenue for 2023 $65.6M
  • EPS this year (TTM) $1.46

iRadimed Corp (IRMD) Latest News

News Image

Tue, 10 Sep 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Iradimed Corporation (NASDAQ: IRMD) will participate in the Lake Street 8th Annual Best Ideas Growth "Big 8" Conference, highlighting its MRI-compatible medical devices.

Why It Matters - Iradimed's participation in a prominent growth conference signals potential investor interest and could enhance visibility, impacting stock performance and attracting new capital.

News Image

Sat, 03 Aug 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - IRadimed Corporation (NASDAQ: IRMD) held its Q2 2024 results conference call on August 1, 2024, featuring CEO Roger Susi and Controller Matt Garner.

Why It Matters - The timing of IRADIMED's Q2 2024 results conference call indicates upcoming insights into financial performance, which can influence stock valuation and investor sentiment.

News Image

Thu, 01 Aug 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - IRADIMED CORPORATION (NASDAQ: IRMD) reported its financial results for Q2 2024, continuing its role as a leader in MRI medical devices and the sole provider of non-magnetic IV infusion pumps and vital signs monitors.

Why It Matters - IRADIMED's financial results indicate its market position in MRI medical devices, signaling potential growth opportunities and risks that could impact stock performance.

News Image

Thu, 01 Aug 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - IRadimed (IRMD) reported Q3 earnings of $0.42 per share, exceeding the Zacks Consensus Estimate of $0.36 and up from $0.36 per share year-over-year.

Why It Matters - IRadimed's earnings beat expectations, indicating strong financial performance and growth. This positive trend may boost investor confidence and impact stock valuation.

News Image

Thu, 25 Jul 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Iradimed Corporation (NASDAQ: IRMD) will release its Q2 2024 financial results on August 1, 2024, before market open, followed by a conference call at 12:00 p.m. ET.

Why It Matters - Iradimed's upcoming financial results and conference call could significantly impact its stock price and investor sentiment, providing insights into performance and future expectations.

News Image

Fri, 07 Jun 2024

Sentiment - NEUTRAL

Source - GlobeNewsWire

Summary - Iradimed Corporation (NASDAQ: IRMD) will uplist to the Nasdaq Global Market, starting June 14, 2024, continuing to trade under the ticker symbol “IRMD.”

Why It Matters - Iradimed's uplisting to the Nasdaq Global Market enhances visibility, potentially attracting institutional investors and increasing liquidity, which could positively impact stock valuation.

...

IRMD Frequently asked questions

The highest forecasted price for IRMD is $60 from Jason Wittes at Roth MKM.

The lowest forecasted price for IRMD is $60 from Jason Wittes from Roth MKM

The IRMD analyst ratings consensus are 1 buy ratings, 1 hold ratings, and 0 sell ratings.