Ratios Reveal: Breaking Down iHeartMedia Inc (IHRT)’s Financial Health

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iHeartMedia Inc (NASDAQ: IHRT) closed the day trading at $1.24 down -4.62% from the previous closing price of $1.30. In other words, the price has decreased by -$4.62 from its previous closing price. On the day, 2.25 million shares were traded. IHRT stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.1739.

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 0.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.10. 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:

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 178268592 and an Enterprise Value of 5870732800. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05. Its current Enterprise Value per Revenue stands at 1.57 whereas that against EBITDA is 9.616.

Stock Price History:

The Beta on a monthly basis for IHRT is 1.71, which has changed by -0.5 over the last 52 weeks, in comparison to a change of 0.2704494 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 $1.29. The 50-Day Moving Average of the stock is -40.14%, while the 200-Day Moving Average is calculated to be -53.32%.

Shares Statistics:

Over the past 3-months, IHRT traded about 868.23K shares per day on average, while over the past 10 days, IHRT traded about 1219010 shares per day. 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 77.40% stake in the company. Shares short for IHRT as of 1714435200 were 5727346 with a Short Ratio of 6.60, compared to 1711584000 on 5457467. Therefore, it implies a Short% of Shares Outstanding of 5727346 and a Short% of Float of 6.94.

Earnings Estimates

The dynamic stock of iHeartMedia Inc (IHRT) is currently being evaluated by a team of 5.0 analysts, each contributing to its current rating.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 -$0.26, with high estimates of -$0.1 and low estimates of -$0.34.

Analysts are recommending an EPS of between $0.34 and -$0.21 for the fiscal current year, implying an average EPS of $0.19. EPS for the following year is -$0.07, with 5.0 analysts recommending between $1.0 and -$0.6.

Revenue Estimates

5 analysts predict $799.04M 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 $922.58M. There is a high estimate of $953M for the next quarter, whereas the lowest estimate is $908.18M.

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 $3.86B, resulting in an average revenue estimate of $3.9B. In the same quarter a year ago, actual revenue was $3.75BBased on 6 analysts’ estimates, the company’s revenue will be $3.84B in the next fiscal year. The high estimate is $3.97B and the low estimate is $3.74B.

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