iHeartMedia Inc (NASDAQ:IHRT)’s traded shares stood at 1.05 million during the last session, with the company’s beta value hitting 1.72. At the close of trading, the stock’s price was $1.91, to imply an increase of 12.35% or $0.21 in intraday trading. The IHRT share’s 52-week high remains $3.12, putting it -63.35% down since that peak but still an impressive 57.59% since price per share fell to its 52-week low of $0.81. The company has a valuation of $280.41M, with an average of 0.43 million shares in intraday trading volume over the past 10 days and average of 605.61K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for iHeartMedia Inc (IHRT), translating to a mean rating of 3.20. Of 1 analyst(s) looking at the stock, 0 analyst(s) give IHRT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.02.
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iHeartMedia Inc (NASDAQ:IHRT) trade information
After registering a 12.35% upside in the last session, iHeartMedia Inc (IHRT) has traded red over the past five days. The 5-day price performance for the stock is -3.54%, and 27.33% over 30 days. With these gigs, the year-to-date price performance is -28.46%. Short interest in iHeartMedia Inc (NASDAQ:IHRT) saw shorts transact 5.54 million shares and set a 7.84 days time to cover.
The extremes give us $3 and $3 for target low and target high price respectively. As such, IHRT has been trading -57.07% off suggested target high and -57.07% from its likely low.
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 -9.05% down over the last 6 months, with its year-to-date growth rate higher than industry average at 17.46% against 8.20%. Revenue is forecast to grow 133.30% this quarter before jumping 4,800.00% for the next one. The rating firms project that company’s revenue will grow 4.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 1B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 1.19B.
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 17.19% return in earnings, projections for the next 5 years are at 7.00% annually.
IHRT Dividends
iHeartMedia Inc has its next earnings report out on 2024-Nov-07. 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 (NASDAQ:IHRT)’s Major holders
iHeartMedia Inc insiders hold 4.43% of total outstanding shares, with institutional holders owning 86.61% of the shares at 90.63% float percentage. In total, 86.61% institutions holds shares in the company, led by ALLIANZ ASSET MANAGEMENT GMBH. As of 2024-06-30, the company held over 22.5 million shares (or 15.0185% of shares), all amounting to roughly $24.52 million.
The next major institution holding the largest number of shares is DOUGLAS LANE & ASSOCIATES, LLC with 7.59 million shares, or about 5.0684% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.28 million.
