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.”
The public float for IHRT is 116.41M and currently, short sellers hold a 5.09% of that float. On December 26, 2024, IHRT’s average trading volume was 952.26K shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
IHRT) stock’s latest price update
The stock price of iHeartMedia Inc (NASDAQ: IHRT) has plunged by 0.00 when compared to previous closing price of 2.03, but the company has seen a 0.50% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-12-23 that NEW YORK–(BUSINESS WIRE)–iHeartMedia, Inc. (NASDAQ: IHRT) (“iHeartMedia” or the “Company”) today announced the successful completion of its previously announced comprehensive exchange transactions of iHeartCommunications, Inc.’s (“iHeartCommunications”) outstanding 6.375% Senior Secured Notes due 2026 (the “2026 Secured Notes”), 5.25% Senior Secured Notes due 2027 (the “2027 Secured Notes”), 4.75% Senior Secured Notes due 2028 (the “2028 Secured Notes”), 8.375% Senior Notes due 2027 (the “Uns.
IHRT’s Market Performance
iHeartMedia Inc (IHRT) has seen a 0.50% rise in stock performance for the week, with a -11.74% decline in the past month and a 35.33% surge in the past quarter. The volatility ratio for the week is 11.65%, and the volatility levels for the past 30 days are at 8.45% for IHRT. The simple moving average for the last 20 days is -9.45% for IHRT stock, with a simple moving average of 16.92% 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 -6.00% 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 -33.22% of loss for the given period.
Volatility was left at 8.45%, however, over the last 30 days, the volatility rate increased by 11.65%, as shares sank -12.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.18% upper at present.
During the last 5 trading sessions, IHRT rose by +0.50%, which changed the moving average for the period of 200-days by -8.14% in comparison to the 20-day moving average, which settled at $2.24. In addition, iHeartMedia Inc saw -23.97% 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 1.54. 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 mixed 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.
