Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of iHeartMedia Inc (NASDAQ: IHRT) was $2.49 for the day, down -4.60% from the previous closing price of $2.61. In other words, the price has decreased by -$4.60 from its previous closing price. On the day, 0.88 million shares were traded. IHRT stock price reached its highest trading level at $2.71 during the session, while it also had its lowest trading level at $2.49.
Ratios:
Our analysis of IHRT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.38. For the most recent quarter (mrq), Quick Ratio is recorded 1.93 and its Current Ratio is at 1.93.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 13 ’24 when Rasulo James A sold 40,223 shares for $2.40 per share. The transaction valued at 96,406 led to the insider holds 339,322 shares of the business.
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 356874304 and an Enterprise Value of 5966176256. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 1.569 whereas that against EBITDA is 10.791.
Stock Price History:
Over the past 52 weeks, IHRT has reached a high of $3.04, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is 17.46%, while the 200-Day Moving Average is calculated to be 42.88%.
Shares Statistics:
IHRT traded an average of 905.72K shares per day over the past three months and 1064440 shares per day over the past ten days. A total of 125.78M shares are outstanding, with a floating share count of 116.39M. Insiders hold about 20.87% of the company’s shares, while institutions hold 74.24% stake in the company. Shares short for IHRT as of 1731628800 were 5233015 with a Short Ratio of 5.78, compared to 1728950400 on 5542245. Therefore, it implies a Short% of Shares Outstanding of 5233015 and a Short% of Float of 6.16.
