iHeartMedia Inc (NASDAQ: IHRT) is -14.61% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $3.12 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 $2.31 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $2.28, the stock is 1.81% and 13.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.31 million and changing -1.30% at the moment leaves the stock 30.63% off its SMA200. IHRT registered -11.63% loss for a year compared to 6-month gain of 143.95%. The firm has a 50-day simple moving average (SMA 50) of $2.006 and a 200-day simple moving average (SMA200) of $1.74538.
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The stock witnessed a 17.53% loss in the last 1 month and extending the period to 3 months gives it a 40.74%, and is -1.72% 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 8.75% over the week and 10.16% over the month.
iHeartMedia Inc (IHRT) has around 10800 employees, a market worth around $283.08M and $3.80B in sales. Profit margin for the company is -27.04%. Distance from 52-week low is 180.51% and -26.92% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.71%).
iHeartMedia Inc quarterly earnings per share for the current quarter are estimated at 0 with sales reaching $1.17B over the same period.The EPS is expected to grow by 11.88% this year, but quarterly earnings will post 4.03% year-over-year. Quarterly sales are estimated to grow 9.28% in year-over-year returns.
169.0 institutions hold shares in iHeartMedia Inc (IHRT), with institutional investors hold 91.72% of the company’s shares. The shares outstanding are 123.32M, and float is at 116.39M with Short Float at 4.50%. Institutions hold 87.70% 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 sale by Rasulo James A, the company’s Director. SEC filings show that Rasulo James A sold 40,223 shares of the company’s common stock on Nov 13 ’24 at a price of $2.40 per share for a total of $96406.0. Following the sale, the insider now owns 0.34 million shares.
