Moreover, the 36-month beta value for IHRT is 1.72. Analysts have varying opinions 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 4.69% of that float. On November 15, 2024, IHRT’s average trading volume was 757.48K shares.
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IHRT) stock’s latest price update
iHeartMedia Inc (NASDAQ: IHRT)’s stock price has plunge by 0.87relation to previous closing price of 2.29. Nevertheless, the company has seen a 5.96% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-09 that iHeartMedia, Inc. (NASDAQ:IHRT ) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Mike McGuinness – Head, Investor Relations Bob Pittman – Chairman and CEO Rich Bressler – President, Chief Operating Officer and CFO Conference Call Participants Stephen Laszquez – Goldman Sachs Jim Goss – Barrington Research David Hamburger – Morgan Stanley Operator Thank you for standing by. My name is Rebecca, and I will be your conference operator today.
IHRT’s Market Performance
iHeartMedia Inc (IHRT) has experienced a 5.96% rise in stock performance for the past week, with a 13.79% rise in the past month, and a 62.68% rise in the past quarter. The volatility ratio for the week is 10.76%, and the volatility levels for the past 30 days are at 10.17% for IHRT. The simple moving average for the last 20 days is 13.93% for IHRT stock, with a simple moving average of 31.08% for the last 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 “Neutral.” The predicted price for IHRT in the upcoming period, according to BofA Securities is $3 based on the research report published on November 12, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see IHRT reach a price target of $4, previously predicting the price at $6.50. The rating they have provided for IHRT stocks is “Underperform” according to the report published on March 28th, 2023.
JP Morgan gave a rating of “Underweight” to IHRT, setting the target price at $5 in the report published on March 01st of the previous year.
IHRT Trading at 22.36% 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 -25.96% of loss for the given period.
Volatility was left at 10.17%, however, over the last 30 days, the volatility rate increased by 10.76%, as shares surge +16.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.22% upper at present.
During the last 5 trading sessions, IHRT rose by +5.96%, which changed the moving average for the period of 200-days by -14.76% in comparison to the 20-day moving average, which settled at $2.03. In addition, iHeartMedia Inc saw -13.48% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for IHRT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.62 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 -16.25 for asset returns.
Based on iHeartMedia Inc (IHRT), the company’s capital structure generated 1.19 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 -6.37. The interest coverage ratio of the stock is 0.45.
Currently, EBITDA for the company is 601.75 million with net debt to EBITDA at -17.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.54. The receivables turnover for the company is 4.25for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
To wrap up, the performance of iHeartMedia Inc (IHRT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
