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.
After finishing at $2.27 in the prior trading day, iHeartMedia Inc (NASDAQ: IHRT) closed at $2.16, down -4.85%. In other words, the price has decreased by -$4.85 from its previous closing price. On the day, 0.67 million shares were traded. IHRT stock price reached its highest trading level at $2.24 during the session, while it also had its lowest trading level at $2.125.
Ratios:
Our goal is to gain a better understanding of IHRT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.83. For the most recent quarter (mrq), Quick Ratio is recorded 1.78 and its Current Ratio is at 1.78.
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:
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 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 300224864 and an Enterprise Value of 6054840320. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 1.614 whereas that against EBITDA is 10.062.
Stock Price History:
The Beta on a monthly basis for IHRT is 1.78, which has changed by -0.17001826 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, IHRT has reached a high of $4.74, while it has fallen to a 52-week low of $1.77. The 50-Day Moving Average of the stock is 1.81%, while the 200-Day Moving Average is calculated to be -19.92%.
Shares Statistics:
The stock has traded on average 810.22K shares per day over the past 3-months and 570840 shares per day over the last 10 days, according to various share statistics. A total of 123.32M shares are outstanding, with a floating share count of 113.83M. Insiders hold about 21.37% of the company’s shares, while institutions hold 76.31% stake in the company. Shares short for IHRT as of 1713139200 were 5418059 with a Short Ratio of 6.69, compared to 1710460800 on 5444467. Therefore, it implies a Short% of Shares Outstanding of 5418059 and a Short% of Float of 6.5600000000000005.
Earnings Estimates
The current rating of iHeartMedia Inc (IHRT) reflects the combined expertise of 5.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of -$0.56 for the current quarter, with a high estimate of -$0.51 and a low estimate of -$0.66, while EPS last year was -$1.5. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.06 and low estimates of -$0.1.
Analysts are recommending an EPS of between $0.24 and -$0.21 for the fiscal current year, implying an average EPS of $0.11. EPS for the following year is $0.1, with 4.0 analysts recommending between $1.05 and -$0.34.
Revenue Estimates
5 analysts predict $805.85M in revenue for the current quarter. It ranges from a high estimate of $812M to a low estimate of $799.55M. As of the current estimate, iHeartMedia Inc’s year-ago sales were $796.84MFor the next quarter, 5 analysts are estimating revenue of $941.41M. There is a high estimate of $953M for the next quarter, whereas the lowest estimate is $930M.
A total of 6 analysts have provided revenue estimates for IHRT’s current fiscal year. The highest revenue estimate was $3.97B, while the lowest revenue estimate was $3.89B, resulting in an average revenue estimate of $3.94B. In the same quarter a year ago, actual revenue was $3.75BBased on 6 analysts’ estimates, the company’s revenue will be $3.87B in the next fiscal year. The high estimate is $3.97B and the low estimate is $3.8B.
