iHeartMedia Inc (NASDAQ: IHRT) is -43.82% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $3.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IHRT stock was last observed hovering at around $1.55 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $1.50, the stock is -6.59% and -2.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -3.23% at the moment leaves the stock -19.02% off its SMA200. IHRT registered -57.87% loss for a year compared to 6-month loss of -22.28%. The firm has a 50-day simple moving average (SMA 50) of $1.5453 and a 200-day simple moving average (SMA200) of $1.84578.
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The stock witnessed a -7.41% gain in the last 1 month and extending the period to 3 months gives it a 47.06%, and is -7.98% 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 9.97% over the week and 9.83% over the month.
iHeartMedia Inc (IHRT) has around 10800 employees, a market worth around $220.22M and $3.75B in sales. Profit margin for the company is -26.58%. Distance from 52-week low is 84.55% and -59.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.77%).
The EPS is expected to grow by 17.19% this year
163.0 institutions hold shares in iHeartMedia Inc (IHRT), with institutional investors hold 91.29% of the company’s shares. The shares outstanding are 123.32M, and float is at 116.04M with Short Float at 4.94%. Institutions hold 87.25% of the Float.
The top institutional shareholder in the company is ALLIANZ ASSET MANAGEMENT GMBH with over 22.5 million shares valued at $24.52 million. The investor’s holdings represent 15.0185 of the IHRT Shares outstanding. As of 2024-06-30, the second largest holder is DOUGLAS LANE & ASSOCIATES, LLC with 7.59 million shares valued at $8.28 million to account for 5.0684 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.0 million shares representing 4.6727 and valued at over $7.63 million, while VANGUARD GROUP INC holds 4.3349 of the shares totaling 6.49 million with a market value of $7.08 million.
iHeartMedia Inc (IHRT) Insider Activity
The most recent transaction is an insider purchase by PITTMAN ROBERT W, the company’s Chairman and CEO. SEC filings show that PITTMAN ROBERT W bought 100,000 shares of the company’s common stock on Nov 14 ’23 at a price of $2.06 per share for a total of $0.21 million. Following the purchase, the insider now owns 3.17 million shares.
