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After finishing at $1.02 in the prior trading day, iHeartMedia Inc (NASDAQ: IHRT) closed at $0.98, down -3.60%. In other words, the price has decreased by -$3.60 from its previous closing price. On the day, 0.67 million shares were traded. IHRT stock price reached its highest trading level at $1.06 during the session, while it also had its lowest trading level at $0.98.
Ratios:
Our goal is to gain a better understanding of IHRT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on November 12, 2024, Upgraded its rating to Neutral and sets its target price to $3 from $1 previously.
On March 28, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $6.50 to $4.
JP Morgan Downgraded its Neutral to Underweight on March 01, 2023, whereas the target price for the stock was revised from $10 to $5.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 07 ’25 when BRESSLER RICHARD J bought 100,000 shares for $1.79 per share. The transaction valued at 178,820 led to the insider holds 3,617,764 shares of the business.
PITTMAN ROBERT W bought 200,000 shares of IHRT for $320,040 on Mar 04 ’25. The Chairman and CEO now owns 4,241,389 shares after completing the transaction at $1.60 per share. On Nov 13 ’24, another insider, Rasulo James A, who serves as the Director of the company, sold 40,223 shares for $2.40 each. As a result, the insider received 96,406 and left with 339,322 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IHRT now has a Market Capitalization of 145665088 and an Enterprise Value of 5752956416. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04. Its current Enterprise Value per Revenue stands at 1.493 whereas that against EBITDA is 10.108.
Stock Price History:
The Beta on a monthly basis for IHRT is 1.82, which has changed by -0.49460155 over the last 52 weeks, in comparison to a change of 0.05430484 over the same period for the S&P500. Over the past 52 weeks, IHRT has reached a high of $2.84, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is -42.44%, while the 200-Day Moving Average is calculated to be -46.28%.
Shares Statistics:
The stock has traded on average 834.86K shares per day over the past 3-months and 801680 shares per day over the last 10 days, according to various share statistics. A total of 127.47M shares are outstanding, with a floating share count of 115.74M. Insiders hold about 21.57% of the company’s shares, while institutions hold 74.27% stake in the company. Shares short for IHRT as of 1743379200 were 7276292 with a Short Ratio of 8.72, compared to 1740700800 on 6695599. Therefore, it implies a Short% of Shares Outstanding of 7276292 and a Short% of Float of 8.9899994.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
