iHeartMedia Inc. (NASDAQ: IHRT) is -52.19% lower on its value in year-to-date trading and has touched a low of $4.31 and a high of $19.69 in the current 52-week trading range. The IHRT stock was last observed hovering at around $8.60 in the last trading session, with the day’s loss setting it -0.52% off its average median price target of $10.00 for the next 12 months. It is also 32.67% off the consensus price target high of $12.00 offered by 8 analysts, but current levels are -1.0% lower than the price target low of $8.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
Currently trading at $8.08, the stock is -0.50% and -7.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing -6.05% at the moment leaves the stock -31.62% off its SMA200. IHRT registered -41.45% loss for a year compared to 6-month loss of -55.46%. The firm has a 50-day simple moving average (SMA 50) of $8.34 and a 200-day simple moving average (SMA200) of $10.10.
The stock witnessed a 13.80% gain in the last 1 month and extending the period to 3 months gives it a 15.43%, and is -4.04% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.08% over the week and 7.94% over the month.
iHeartMedia Inc. (IHRT) has around 11400 employees, a market worth around $543.62M and $3.67B in sales. Current P/E ratio is 0.15 and Fwd P/E is 22.26. Distance from 52-week low is 87.47% and -58.96% from its 52-week high. The company has generated returns on investments over the last 12 months (113.10%).
iHeartMedia Inc. (IHRT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for iHeartMedia Inc. (IHRT) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.40, where 3 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
iHeartMedia Inc. is expected to release its quarterly report on 11/05/2020 and quarterly earnings per share for the current quarter are estimated at -$0.79 with sales reaching $562.5M over the same period.The EPS is expected to shrink by -201.20% this year, but quarterly earnings will post -19.40% year-over-year. Quarterly sales are estimated to shrink -27.30% in year-over-year returns.
iHeartMedia Inc. (IHRT) Top Institutional Holders
172 institutions hold shares in iHeartMedia Inc. (IHRT), with 3.93M shares held by insiders accounting for 2.69% while institutional investors hold 171.10% of the company’s shares. The shares outstanding are 145.61M, and float is at 58.50M with Short Float at 14.91%. Institutions hold 166.49% of the Float.
The top institutional shareholder in the company is Allianz Asset Management GmbH with over 44.11 million shares valued at $322.43 million. The investor’s holdings represent 77.54% of the IHRT Shares outstanding. As of Mar 30, 2020, the second largest holder is Franklin Resources, Inc with 7.47 million shares valued at $54.58 million to account for 13.13% of the shares outstanding. The other top investors are Invesco Senior Secured Management Inc. which holds 3.47 million shares representing 6.09% and valued at over $25.34 million, while Symphony Asset Management LLC holds 5.03% of the shares totaling 2.86 million with a market value of $20.94 million.
iHeartMedia Inc. (IHRT) Insider Activity
A total of 0 insider transactions have happened at iHeartMedia Inc. (IHRT) in the last six months, with sales accounting for 0 and purchases happening 0 times.