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As of close of business last night, iHeartMedia Inc’s stock clocked out at $2.39, down -4.02% from its previous closing price of $2.49. In other words, the price has decreased by -$4.02 from its previous closing price. On the day, 1.35 million shares were traded. IHRT stock price reached its highest trading level at $2.69 during the session, while it also had its lowest trading level at $2.39.
Ratios:
To gain a deeper understanding of IHRT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.15. 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 Nov-13-24, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
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 337262464 and an Enterprise Value of 5950964736. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 1.565 whereas that against EBITDA is 10.764.
Stock Price History:
Over the past 52 weeks, IHRT has reached a high of $3.12, while it has fallen to a 52-week low of $0.81. The 50-Day Moving Average of the stock is 29.00%, while the 200-Day Moving Average is calculated to be 35.24%.
Shares Statistics:
It appears that IHRT traded 740.51K shares on average per day over the past three months and 1687720 shares per day over the past ten days. A total of 123.32M shares are outstanding, with a floating share count of 116.04M. Insiders hold about 20.92% of the company’s shares, while institutions hold 74.41% stake in the company. Shares short for IHRT as of 1728950400 were 5542245 with a Short Ratio of 7.35, compared to 1726185600 on 5728871. Therefore, it implies a Short% of Shares Outstanding of 5542245 and a Short% of Float of 6.550000000000001.
