iHeartMedia Inc (NASDAQ:IHRT)’s traded shares stood at 1.03 million during the latest session, with the company’s beta value hitting 1.78. At the last check today, the stock’s price was $1.55, to imply a decrease of -28.01% or -$0.61 in intraday trading. The IHRT share’s 52-week high remains $4.74, putting it -205.81% down since that peak but still an impressive -14.19% since price per share fell to its 52-week low of $1.77. The company has a valuation of $225.10M, with an average of 810.26K shares over the past 3 months.
iHeartMedia Inc (NASDAQ:IHRT) trade information
After registering a -28.01% downside in the latest session, iHeartMedia Inc (IHRT) has traded red over the past five days. The stock hit a weekly high of 2.43, dropping -28.01% in its intraday price action. The 5-day price performance for the stock is -30.27%, and -28.67% over 30 days. With these gigs, the year-to-date price performance is -41.76%.
iHeartMedia Inc (IHRT) estimates and forecasts
Looking at statistics comparing iHeartMedia Inc share performance against respective industry, we note that the company has outperformed competitors. iHeartMedia Inc (IHRT) shares are -38.05% down over the last 6 months, with its year-to-date growth rate higher than industry average at 100.68% against 28.80%. The rating firms project that company’s revenue will grow 4.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 805.85M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 941.41M.Earnings reports from the last fiscal year show that sales brought in 796.84M and 906.14M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 1.10% before jumping 3.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -25.60% for the past 5-year period. While 2024 is set for a 100.43% return in earnings, projections for the next 5 years are at 7.00% annually.
IHRT Dividends
iHeartMedia Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. iHeartMedia Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
