iHeartMedia Inc (NASDAQ: IHRT) is 17.68% higher on its value in year-to-date trading and has touched a low of $0.81 and a high of $3.04 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IHRT stock was last observed hovering at around $2.21 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $2.33, the stock is 15.46% and 6.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing 5.43% at the moment leaves the stock 34.05% off its SMA200. IHRT registered 0.00% loss for a year compared to 6-month gain of 79.23%. The firm has a 50-day simple moving average (SMA 50) of $2.1961 and a 200-day simple moving average (SMA200) of $1.738105.
The stock witnessed a 6.88% loss in the last 1 month and extending the period to 3 months gives it a 14.78%, and is 23.94% up 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 7.97% over the week and 8.72% over the month.
iHeartMedia Inc (IHRT) has around 10800 employees, a market worth around $293.09M and $3.80B in sales. Profit margin for the company is -27.04%. Distance from 52-week low is 186.66% and -23.36% from its 52-week high. The company has generated returns on investments over the last 12 months (-22.71%).
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.
iHeartMedia Inc (IHRT) Top Institutional Holders
169.0 institutions hold shares in iHeartMedia Inc (IHRT), with institutional investors hold 89.80% of the company’s shares. The shares outstanding are 125.78M, and float is at 116.41M with Short Float at 5.24%. Institutions hold 85.87% 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.
