Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
iHeartMedia Inc (NASDAQ: IHRT) closed the day trading at $1.88 down -2.08% from the previous closing price of $1.92. In other words, the price has decreased by -$2.08 from its previous closing price. On the day, 2.4 million shares were traded. IHRT stock price reached its highest trading level at $2.005 during the session, while it also had its lowest trading level at $1.835.
Ratios:
For a better understanding of IHRT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.65. 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:
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 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 282125984 and an Enterprise Value of 5873386496. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06. Its current Enterprise Value per Revenue stands at 1.544 whereas that against EBITDA is 10.624.
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 -12.89%, while the 200-Day Moving Average is calculated to be 8.05%.
Shares Statistics:
Over the past 3-months, IHRT traded about 935.07K shares per day on average, while over the past 10 days, IHRT traded about 980620 shares per day. 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 74.24% stake in the company. Shares short for IHRT as of 1732838400 were 5905606 with a Short Ratio of 6.32, compared to 1730332800 on 5440352. Therefore, it implies a Short% of Shares Outstanding of 5905606 and a Short% of Float of 6.950000000000001.
