The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
In the latest session, iHeartMedia Inc (NASDAQ: IHRT) closed at $1.60 down -9.60% from its previous closing price of $1.77. In other words, the price has decreased by -$9.60 from its previous closing price. On the day, 1.6 million shares were traded.
Ratios:
For a deeper understanding of iHeartMedia Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.56 and its Current Ratio is at 1.56.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05.
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 -25.29%, while the 200-Day Moving Average is calculated to be -9.31%.
Shares Statistics:
A total of 127.47M shares are outstanding, with a floating share count of 115.69M. Insiders hold about 21.40% of the company’s shares, while institutions hold 74.51% stake in the company.
