In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of iHeartMedia Inc (NASDAQ: IHRT) closed at $2.18 in the last session, down -2.24% from day before closing price of $2.23. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 0.6 million shares were traded. IHRT stock price reached its highest trading level at $2.235 during the session, while it also had its lowest trading level at $2.16.
Ratios:
We take a closer look at IHRT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.96. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 306359776 and an Enterprise Value of 5919021056. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 1.556 whereas that against EBITDA is 10.706.
Stock Price History:
The Beta on a monthly basis for IHRT is 1.76, which has changed by -0.11507934 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. 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 -1.27%, while the 200-Day Moving Average is calculated to be 24.19%.
Shares Statistics:
According to the various share statistics, IHRT traded on average about 822.46K shares per day over the past 3-months and 476810 shares per day over the past 10 days. A total of 125.78M shares are outstanding, with a floating share count of 116.41M. Insiders hold about 20.85% of the company’s shares, while institutions hold 71.49% stake in the company. Shares short for IHRT as of 1738281600 were 6453203 with a Short Ratio of 7.47, compared to 1735603200 on 6100223. Therefore, it implies a Short% of Shares Outstanding of 6453203 and a Short% of Float of 7.6.
