iHeartMedia Inc (NASDAQ: IHRT) is -23.74% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $2.84 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 $1.57 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $1.51, the stock is -28.03% and -28.83% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.28 million and changing -3.82% at the moment leaves the stock -14.56% off its SMA200. IHRT registered -33.19% loss for a year compared to 6-month gain of -3.21%.
The stock witnessed a -31.67% loss in the last 1 month and extending the period to 3 months gives it a -34.06%, and is -33.48% 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 15.58% over the week and 8.50% over the month.
iHeartMedia Inc (IHRT) has around 10100 employees, a market worth around $190.25M and $3.85B in sales. Fwd P/E is 4.08. Profit margin for the company is -26.20%. Distance from 52-week low is 85.78% and -46.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.01%).
The EPS is expected to grow by 94.11% this year
The shares outstanding are 127.47M, and float is at 115.69M with Short Float at 5.85%.
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 5.0234 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
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. 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.
