In the past week, IHRT stock has gone down by -19.67%, with a monthly decline of -18.99% and a quarterly surge of 17.79%. The volatility ratio for the week is 8.45%, and the volatility levels for the last 30 days are 7.91% for iHeartMedia Inc The simple moving average for the past 20 days is -17.30% for IHRT’s stock, with a 10.26% simple moving average for the past 200 days.
Is It Worth Investing in iHeartMedia Inc (NASDAQ: IHRT) Right Now?
Moreover, the 36-month beta value for IHRT is 1.72. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for IHRT is 116.41M and currently, short sellers hold a 5.07% of that float. On December 20, 2024, IHRT’s average trading volume was 926.89K shares.
IHRT) stock’s latest price update
iHeartMedia Inc (NASDAQ: IHRT)’s stock price has plunge by -4.95relation to previous closing price of 2.02. Nevertheless, the company has seen a -19.67% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-12-11 that NEW YORK–(BUSINESS WIRE)–iHeartMedia, the leading audio company in the United States, today announced its adoption of Unified ID 2.0 (UID2), a privacy-focused, open-source identity framework pioneered by The Trade Desk. Designed to meet the evolving needs of audio advertising, UID2 empowers iHeartMedia’s advertising partners with advanced tools for more effective targeting, precise measurement, and accurate attribution. With its unparalleled reach including 860 live broadcast and streaming ra.
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 -11.11% 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 -36.84% of loss for the given period.
Volatility was left at 7.91%, however, over the last 30 days, the volatility rate increased by 8.45%, as shares sank -17.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.69% lower at present.
During the last 5 trading sessions, IHRT fell by -19.67%, which changed the moving average for the period of 200-days by -4.48% in comparison to the 20-day moving average, which settled at $2.32. In addition, iHeartMedia Inc saw -28.09% 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 Rasulo James A, who sale 40,223 shares at the price of $2.40 back on Nov 13 ’24. After this action, Rasulo James A now owns 339,322 shares of iHeartMedia Inc, valued at $96,406 using the latest closing price.
Stock Fundamentals for IHRT
Current profitability levels for the company are sitting at:
- 0.05 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 -16.25 for asset returns.
Based on iHeartMedia Inc (IHRT), the company’s capital structure generated 1.22 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 -5.53. 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 -19.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.53. 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 bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
