The stock of iHeartMedia Inc (IHRT) has seen a -14.60% decrease in the past week, with a 2.12% gain in the past month, and a -16.09% decrease in the past quarter. The volatility ratio for the week is 6.22%, and the volatility levels for the past 30 days are at 7.01% for IHRT. The simple moving average for the last 20 days is -7.30% for IHRT’s stock, with a simple moving average of -32.07% for the last 200 days.
Is It Worth Investing in iHeartMedia Inc (NASDAQ: IHRT) Right Now?
The stock has a 36-month beta value of 1.80. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IHRT is 113.73M, and at present, short sellers hold a 4.80% of that float. On April 19, 2024, the average trading volume of IHRT was 849.58K shares.
IHRT) stock’s latest price update
iHeartMedia Inc (NASDAQ: IHRT) has experienced a decline in its stock price by -1.03 compared to its previous closing price of 1.95. However, the company has seen a fall of -14.60% in its stock price over the last five trading days. Business Wire reported 2024-04-18 that NEW YORK–(BUSINESS WIRE)–iHeartMedia, Inc. (NASDAQ: IHRT) announced today that on Thursday May 9th, 2024, it will issue financial results for the quarter ending March 31, 2024. The company will conduct a conference call at 8:00 a.m. (ET), following the release of its earnings announcement, to discuss its financial results and business outlook. A live audio webcast of the call will be available on the Investors homepage of iHeartMedia’s website (https://investors.iheartmedia.com/) beginning at.
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 -13.78% 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 -59.28% of loss for the given period.
Volatility was left at 7.01%, however, over the last 30 days, the volatility rate increased by 6.22%, as shares sank -3.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.17% lower at present.
During the last 5 trading sessions, IHRT fell by -14.60%, which changed the moving average for the period of 200-days by -49.61% in comparison to the 20-day moving average, which settled at $2.0780. In addition, iHeartMedia Inc saw -27.72% 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 1.58. 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
To sum up, iHeartMedia Inc (IHRT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
