IHRT has 36-month beta value of 1.71. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 2 as “sell.”
The public float for IHRT is 116.04M, and currently, short sellers hold a 4.77% ratio of that float. The average trading volume of IHRT on October 11, 2024 was 683.54K shares.
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IHRT) stock’s latest price update
iHeartMedia Inc (NASDAQ: IHRT)’s stock price has dropped by -5.77 in relation to previous closing price of 2.08. Nevertheless, the company has seen a loss of -5.31% in its stock price over the last five trading days. businesswire.com reported 2024-10-07 that NEW YORK–(BUSINESS WIRE)–iHeartMedia, the #1 audio company in America by reach, and Whalar Group, the leading global Creator Company on a mission to liberate creative voices, today announced a unique partnership that will provide creators and marketers additional opportunities to reach their audiences across iHeart’s industry-leading broadcast, podcast, digital, live events and social platforms. The two companies will collaborate to provide advertisers and marketers innovative ways to strate.
IHRT’s Market Performance
IHRT’s stock has fallen by -5.31% in the past week, with a monthly rise of 8.89% and a quarterly rise of 58.70%. The volatility ratio for the week is 9.03% while the volatility levels for the last 30 days are 9.88% for iHeartMedia Inc The simple moving average for the past 20 days is 10.05% for IHRT’s stock, with a 7.98% simple moving average for the past 200 days.
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 20.67% 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 -37.18% of loss for the given period.
Volatility was left at 9.88%, however, over the last 30 days, the volatility rate increased by 9.03%, as shares surge +14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.11% upper at present.
During the last 5 trading sessions, IHRT fell by -5.31%, which changed the moving average for the period of 200-days by -15.88% in comparison to the 20-day moving average, which settled at $1.78. In addition, iHeartMedia Inc saw -26.59% 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.
Stock Fundamentals for IHRT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.51 for the gross margin
The net margin for iHeartMedia Inc stands at -0.27. The total capital return value is set at 0.03. Equity return is now at value -3113.37, with -15.62 for asset returns.
Based on iHeartMedia Inc (IHRT), the company’s capital structure generated 1.35 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 -3.83. The interest coverage ratio of the stock is 0.43.
Currently, EBITDA for the company is 660.97 million with net debt to EBITDA at 9.45. 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 4.17for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.92.
Conclusion
To put it simply, iHeartMedia Inc (IHRT) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
