Financial Fitness Check: Examining iHeartMedia Inc (IHRT)’s Key Ratios

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In the latest session, iHeartMedia Inc (NASDAQ: IHRT) closed at $1.00 down -0.99% from its previous closing price of $1.01. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 3.58 million shares were traded. IHRT stock price reached its highest trading level at $1.08 during the session, while it also had its lowest trading level at $0.9901.

Ratios:

For a deeper understanding of iHeartMedia Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.89. For the most recent quarter (mrq), Quick Ratio is recorded 2.01 and its Current Ratio is at 2.01.

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 March 28, 2023, Downgraded its rating to Underperform and sets its target price to $4 from $6.50 previously.

On March 01, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation from $10 to $5.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 14 ’23 when PITTMAN ROBERT W bought 100,000 shares for $2.06 per share. The transaction valued at 205,950 led to the insider holds 3,166,359 shares of the business.

PITTMAN ROBERT W bought 58,480 shares of IHRT for $201,066 on Aug 11 ’23. The Chairman and CEO now owns 3,066,359 shares after completing the transaction at $3.44 per share.

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 148640992 and an Enterprise Value of 5834770944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04. Its current Enterprise Value per Revenue stands at 1.561 whereas that against EBITDA is 9.557.

Stock Price History:

Over the past 52 weeks, IHRT has reached a high of $4.74, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is -35.00%, while the 200-Day Moving Average is calculated to be -56.43%.

Shares Statistics:

For the past three months, IHRT has traded an average of 1.19M shares per day and 1862740 over the past ten days. A total of 123.32M shares are outstanding, with a floating share count of 112.99M. Insiders hold about 21.97% of the company’s shares, while institutions hold 74.75% stake in the company. Shares short for IHRT as of 1715731200 were 6709207 with a Short Ratio of 6.10, compared to 1713139200 on 5418059. Therefore, it implies a Short% of Shares Outstanding of 6709207 and a Short% of Float of 8.1199996.

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