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.
As of close of business last night, iHeartMedia Inc’s stock clocked out at $2.09, up 5.03% from its previous closing price of $1.99. In other words, the price has increased by $5.03 from its previous closing price. On the day, 0.51 million shares were traded. IHRT stock price reached its highest trading level at $2.1101 during the session, while it also had its lowest trading level at $1.95.
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 0.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 1.92.
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:
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 310241664 and an Enterprise Value of 5986957824. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 1.597 whereas that against EBITDA is 10.815.
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 29.48%, while the 200-Day Moving Average is calculated to be 14.94%.
Shares Statistics:
It appears that IHRT traded 685.40K shares on average per day over the past three months and 874690 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 20.95% of the company’s shares, while institutions hold 74.25% stake in the company. Shares short for IHRT as of 1726185600 were 5728871 with a Short Ratio of 8.36, compared to 1723680000 on 6486471. Therefore, it implies a Short% of Shares Outstanding of 5728871 and a Short% of Float of 6.77.
