The stock of iHeartMedia Inc (IHRT) has gone down by -0.47% for the week, with a 10.36% rise in the past month and a -11.62% drop in the past quarter. The volatility ratio for the week is 5.24%, and the volatility levels for the past 30 days are 7.31% for IHRT. The simple moving average for the last 20 days is 3.50% for IHRT’s stock, with a simple moving average of -26.78% for the last 200 days.
Is It Worth Investing in iHeartMedia Inc (NASDAQ: IHRT) Right Now?
The 36-month beta value for IHRT is at 1.81. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IHRT is 113.73M, and currently, shorts hold a 4.79% of that float. The average trading volume for IHRT on April 05, 2024 was 940.48K shares.
IHRT) stock’s latest price update
iHeartMedia Inc (NASDAQ: IHRT) has experienced a rise in its stock price by 1.91 compared to its previous closing price of 2.09. However, the company has seen a fall of -0.47% in its stock price over the last five trading days. Market Watch reported 2024-03-06 that Pro Bowl offensive lineman Jason Kelce retired from the NFL on Monday after 13 seasons with the Philadelphia Eagles, but he will continue his burgeoning career as a podcaster.
Analysts’ Opinion of IHRT
Many brokerage firms have already submitted their reports for IHRT stocks, with BofA Securities repeating the rating for IHRT by listing it as a “Underperform.” The predicted price for IHRT in the upcoming period, according to BofA Securities is $4 based on the research report published on March 28, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see IHRT reach a price target of $5, previously predicting the price at $10. The rating they have provided for IHRT stocks is “Underweight” according to the report published on March 01st, 2023.
IHRT Trading at -9.63% from the 50-Day Moving Average
After a stumble in the market that brought IHRT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.06% of loss for the given period.
Volatility was left at 7.31%, however, over the last 30 days, the volatility rate increased by 5.24%, as shares surge +5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.80% lower at present.
During the last 5 trading sessions, IHRT fell by -0.47%, which changed the moving average for the period of 200-days by -39.66% in comparison to the 20-day moving average, which settled at $2.06. In addition, iHeartMedia Inc saw -20.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IHRT starting from PITTMAN ROBERT W, who purchase 100,000 shares at the price of $2.06 back on Nov 14 ’23. After this action, PITTMAN ROBERT W now owns 3,166,359 shares of iHeartMedia Inc, valued at $205,950 using the latest closing price.
PITTMAN ROBERT W, the Chairman and CEO of iHeartMedia Inc, purchase 58,480 shares at $3.44 during a trade that took place back on Aug 11 ’23, which means that PITTMAN ROBERT W is holding 3,066,359 shares at $201,066 based on the most recent closing price.
Stock Fundamentals for IHRT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.57 for the gross margin
The net margin for iHeartMedia Inc stands at -0.3. The total capital return value is set at 0.03. Equity return is now at value -785.53, with -13.55 for asset returns.
Based on iHeartMedia Inc (IHRT), the company’s capital structure generated 1.08 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at -13.42. The interest coverage ratio of the stock is 0.47.
Currently, EBITDA for the company is 660.97 million with net debt to EBITDA at 8.88. When we switch over and look at the enterprise to sales, we see a ratio of 1.59. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In conclusion, iHeartMedia Inc (IHRT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
