Should I buy or sell Iradimed stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iradimed in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRMD shares. View IRMD analyst ratings or view top-rated stocks .

What is Iradimed's stock price target for 2024?

1 Wall Street research analysts have issued 12 month target prices for Iradimed's shares. Their IRMD share price targets range from $60.00 to $60.00. On average, they expect the company's share price to reach $60.00 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price. View analysts price targets for IRMD or view top-rated stocks among Wall Street analysts .

How have IRMD shares performed in 2024?

Iradimed's stock was trading at $47.47 on January 1st, 2024. Since then, IRMD shares have decreased by 14.7% and is now trading at $40.47. View the best growth stocks for 2024 here .

When is Iradimed's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our IRMD earnings forecast .

How were Iradimed's earnings last quarter?

Iradimed Corporation (NASDAQ:IRMD) released its earnings results on Thursday, February, 8th. The medical equipment provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by $0.01. The medical equipment provider had revenue of $17.45 million for the quarter. Iradimed had a net margin of 26.22% and a trailing twelve-month return on equity of 24.62%.

How often does Iradimed pay dividends? What is the dividend yield for Iradimed?

Iradimed declared a -- dividend on Tuesday, December 12th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.15 per share on Friday, January 12th. The ex-dividend date is Thursday, December 21st. Read our dividend analysis for IRMD .

Is Iradimed a good dividend stock?

Iradimed (NASDAQ:IRMD) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.47%. The dividend payout ratio is 44.12%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for IRMD .

What ETF holds Iradimed's stock?

Ballast Small/Mid Cap ETF holds 29,988 shares of IRMD stock, representing 0.90% of its portfolio.

What guidance has Iradimed issued on next quarter's earnings?

Iradimed updated its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.330-0.350 for the period, compared to the consensus earnings per share estimate of 0.410. The company issued revenue guidance of $17.0 million-$17.3 million, compared to the consensus revenue estimate of $17.6 million.

What other stocks do shareholders of Iradimed own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Iradimed investors own include NVIDIA (NVDA) , Gilead Sciences (GILD) , Alphabet (GOOG) , Mastercard (MA) , Micron Technology (MU) , PayPal (PYPL) , CRISPR Therapeutics (CRSP) , IntriCon (IIN) , QUALCOMM (QCOM) and Twitter (TWTR) .

Who are Iradimed's major shareholders?

Iradimed's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.39%), Bridge City Capital LLC (0.33%) and Hennion & Walsh Asset Management Inc. (0.07%). Insiders that own company stock include Anthony Vuoto , Christopher K Scott , James B Hawkins , Monty K Allen, Monty K Allen and Roger E Susi . View institutional ownership trends .

How do I buy shares of Iradimed?

Shares of IRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:IRMD

Iradimed (IRMD) Stock Price, News & Analysis

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$40.47

-0.56 (-1.36%)

(As of 04/17/2024 ET)

Compare

Today's Range: $40.32
▼
$41.29
50-Day Range: $40.47
▼
$46.76
52-Week Range: $36.12
▼
$51.04

Volume: 35,407 shs
Average Volume: 52,142 shs
Market Capitalization: $512.35 million

P/E Ratio: 29.76
Dividend Yield: 1.48%
Price Target: $60.00

Get Iradimed alerts:

Iradimed MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 48.3% Upside
$60.00 Price Target
Short Interest: Healthy
1.36% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -0.85
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Medical Sector

20th out of 914 stocks

Surgical & Medical Instruments Industry

4th out of 94 stocks

3.5

Analyst's Opinion

Consensus Rating
Iradimed has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Iradimed has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.36% of the float of Iradimed has been sold short.
Short Interest Ratio / Days to Cover
Iradimed has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Iradimed has recently decreased by 3.99%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Iradimed pays a meaningful dividend of 1.47%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Iradimed does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Iradimed is 44.12%. This payout ratio is at a healthy, sustainable level, below 75%.

4.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Iradimed has received a 67.92% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is false driven by its "Real-time vital parameter monitors for MRI machines", "Intravenous therapy equipment for MRI machines", and "ECG monitors" products. See details.
Environmental Sustainability
The Environmental Impact score for Iradimed is -0.85.

1.1

News and Social Media Coverage

Search Interest
9 people have searched for IRMD on MarketBeat in the last 30 days.
MarketBeat Follows
1 people have added Iradimed to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Iradimed insiders have not sold or bought any company stock.
Percentage Held by Insiders
42.60% of the stock of Iradimed is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
92.34% of the stock of Iradimed is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Iradimed is 29.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.03.
Price to Earnings Ratio vs. Sector
The P/E ratio of Iradimed is 29.76, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 225.11.
Price to Book Value per Share Ratio
Iradimed has a P/B Ratio of 7.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Iradimed Stock (NASDAQ:IRMD)

IRADIMED CORPORATION develops, manufactures, markets, and distributes magnetic resonance imaging (MRI) compatible medical devices and related accessories, and disposables and services in the United States and internationally. It offers MRidium MRI compatible intravenous (IV) infusion pump system with associated disposable IV tubing sets; MRI compatible patient vital signs monitoring system; and 3600 FMD1 with RALU ferromagnetic detection device. The company also provides non-magnetic IV poles, wireless remote displays/controls, side car pump modules, dose error reduction systems, and SpO2 monitoring with sensors and accessories. It serves hospitals, acute care facilities, and outpatient imaging centers. The company sells its products through direct field sales representatives, regional sales directors, clinical application specialists, and independent distributors. IRADIMED CORPORATION was incorporated in 1992 and is headquartered in Winter Springs, Florida.

IRMD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

IRMD Stock News Headlines

March 15, 2024 | finance.yahoo.com

IRMD Jul 2024 60.000 call

March 13, 2024 | globenewswire.com

IRADIMED CORPORATION To Participate at the 36th Annual Roth Conference

April 17, 2024 | Tips4Traders (Ad)

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March 13, 2024 | wsj.com

iRadimed Corp.

February 26, 2024 | finance.yahoo.com

Calculating The Intrinsic Value Of IRadimed Corporation (NASDAQ:IRMD)

February 26, 2024 | finance.yahoo.com

Calculating The Intrinsic Value Of IRadimed Corporation (NASDAQ:IRMD)

February 19, 2024 | finance.yahoo.com

Should You Invest in IRadimed Corporation (IRMD)?

February 17, 2024 | finance.yahoo.com

IRMD Mar 2024 45.000 put

April 17, 2024 | Tips4Traders (Ad)

Uncover this 2024 Hidden Gem

February 17, 2024 | finance.yahoo.com

IRMD Mar 2024 40.000 call

February 15, 2024 | finance.yahoo.com

IRMD Feb 2024 44.520 call

February 11, 2024 | finance.yahoo.com

Institutional investors own a significant stake of 39% in IRadimed Corporation (NASDAQ:IRMD)

February 9, 2024 | finance.yahoo.com

IRadimed Corporation (NASDAQ:IRMD) Q4 2023 Earnings Call Transcript

February 8, 2024 | finance.yahoo.com

iRadimed Corp (IRMD) Reports Record Revenues and Robust Earnings Growth in Q4 and Full-Year 2023

February 8, 2024 | markets.businessinsider.com

IRADIMED CORPORATION Announces Fourth Quarter of 2023 and Full Year of 2023 Financial Results

February 8, 2024 | washingtonpost.com

IRadimed: Q4 Earnings Snapshot

February 7, 2024 | benzinga.com

iRadimed's Earnings Outlook

February 7, 2024 | msn.com

iRadimed Q4 2023 Earnings Preview

February 7, 2024 | markets.businessinsider.com

Lake Street Reaffirms Their Buy Rating on Iradimed (IRMD)

February 1, 2024 | finance.yahoo.com

IRADIMED CORPORATION to Hold 2023 Fourth Quarter Financial Results Conference Call on February 8th.

February 1, 2024 | seekingalpha.com

IRadimed: Caution On The Valuation Of This Excellent Company

January 9, 2024 | finance.yahoo.com

IRADIMED CORPORATION Reports Unaudited Fourth Quarter and 2023 Revenue

January 7, 2024 | finance.yahoo.com

What Is IRadimed Corporation's (NASDAQ:IRMD) Share Price Doing?

January 2, 2024 | finance.yahoo.com

IRADIMED CORPORATION To Present at the 42nd Annual J.P. Morgan Healthcare Conference

December 18, 2023 | benzinga.com

Wednesday Is Your Last Chance To Buy iRadimed Before The Dividend Payout

December 12, 2023 | marketwatch.com

IRadimed Initiates 15c Quarterly Dividend, Declares Special Dividend of 48c

December 12, 2023 | finance.yahoo.com

IRADIMED CORPORATION Announces Establishment of a Quarterly Dividend of $0.15 per share and a Special Cash Dividend of $0.48 per share

See More Headlines

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Company Calendar

Last Earnings: 2/08/2024
Today: 4/17/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Medical
Industry: Surgical & medical instruments
Sub-Industry: N/A
Current Symbol: NASDAQ:IRMD
CUSIP: N/A
CIK: 1325618
Web: www.iradimed.com
Phone: (407) 677-8022
Fax: 407-677-5037
Employees: 148
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $60.00
High Stock Price Target: $60.00
Low Stock Price Target: $60.00
Potential Upside/Downside: +46.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.36
Trailing P/E Ratio: 30.06
Forward P/E Ratio: 30.28
P/E Growth: N/A
Net Income: $17.19 million
Net Margins: 26.22%
Pretax Margin: 33.16%
Return on Equity: 24.62%
Return on Assets: 20.43%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.65
Quick Ratio: 3.87

Sales & Book Value

Annual Sales: $65.56 million
Price / Sales: 7.89
Cash Flow: $1.42 per share
Price / Cash Flow: 28.71
Book Value: $5.66 per share
Price / Book: 7.22

Miscellaneous

Outstanding Shares: 12,660,000
Free Float: 7,269,000
Market Cap: $517.54 million
Optionable: Optionable
Beta: 0.82

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Key Executives

Mr. Roger E. Susi (Age 71)
Founder, Chairman, CEO & President
Comp: $586.04k
Mr. John F. Glenn (Age 62)
CFO & Corporate Secretary
Comp: $411.79k
Mr. Randy Waddell
Vice President of Worldwide Sales & Marketing
Mr. Steve Kachelmeyer
Vice President of Regulatory Affairs & Quality Assurance
Mr. Lynn Neuhardt
Vice President of Research & Development
Mr. Chris Williamson
Executive Vice President of Continuous Improvement & Information Technology
Mr. Matt Garner
Controller

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

IRMD Stock Analysis - Frequently Asked Questions

Should I buy or sell Iradimed stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Iradimed in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" IRMD shares.
View IRMD analyst ratings or view top-rated stocks.
What is Iradimed's stock price target for 2024?: 1 Wall Street research analysts have issued 12 month target prices for Iradimed's shares. Their IRMD share price targets range from $60.00 to $60.00. On average, they expect the company's share price to reach $60.00 in the next twelve months. This suggests a possible upside of 48.3% from the stock's current price.
View analysts price targets for IRMD or view top-rated stocks among Wall Street analysts.
How have IRMD shares performed in 2024?: Iradimed's stock was trading at $47.47 on January 1st, 2024. Since then, IRMD shares have decreased by 14.7% and is now trading at $40.47.
View the best growth stocks for 2024 here.
When is Iradimed's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our IRMD earnings forecast.
How were Iradimed's earnings last quarter?: Iradimed Corporation (NASDAQ:IRMD) released its earnings results on Thursday, February, 8th. The medical equipment provider reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by $0.01. The medical equipment provider had revenue of $17.45 million for the quarter. Iradimed had a net margin of 26.22% and a trailing twelve-month return on equity of 24.62%.
How often does Iradimed pay dividends? What is the dividend yield for Iradimed?: Iradimed declared a -- dividend on Tuesday, December 12th. Stockholders of record on Friday, December 22nd will be given a dividend of $0.15 per share on Friday, January 12th. The ex-dividend date is Thursday, December 21st.
Read our dividend analysis for IRMD.

Is Iradimed a good dividend stock?: Iradimed (NASDAQ:IRMD) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.47%. The dividend payout ratio is 44.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for IRMD.
What ETF holds Iradimed's stock?: Ballast Small/Mid Cap ETF holds 29,988 shares of IRMD stock, representing 0.90% of its portfolio.
What guidance has Iradimed issued on next quarter's earnings?: Iradimed updated its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 0.330-0.350 for the period, compared to the consensus earnings per share estimate of 0.410. The company issued revenue guidance of $17.0 million-$17.3 million, compared to the consensus revenue estimate of $17.6 million.
What other stocks do shareholders of Iradimed own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Iradimed investors own include NVIDIA (NVDA), Gilead Sciences (GILD), Alphabet (GOOG), Mastercard (MA), Micron Technology (MU), PayPal (PYPL), CRISPR Therapeutics (CRSP), IntriCon (IIN), QUALCOMM (QCOM) and Twitter (TWTR).
Who are Iradimed's major shareholders?: Iradimed's stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.39%), Bridge City Capital LLC (0.33%) and Hennion & Walsh Asset Management Inc. (0.07%). Insiders that own company stock include Anthony Vuoto, Christopher K Scott, James B Hawkins, Monty K Allen, Monty K Allen and Roger E Susi.
View institutional ownership trends.
How do I buy shares of Iradimed?: Shares of IRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:IRMD) was last updated on 4/17/2024 by MarketBeat.com Staff

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