In the last trading session, 1.32 million iHeartMedia Inc (NASDAQ:IHRT) shares changed hands as the company’s beta touched 1.74. With the company’s per share price at $2.49 changed hands at $0.05 or 2.05% during last session, the market valuation stood at $349.66M. IHRT’s last price was a discount, traded about -25.3% off its 52-week high of $3.12. The share price had its 52-week low at $0.81, which suggests the last value was 67.47% up since then. When we look at iHeartMedia Inc’s average trading volume, we note the 10-day average is 1.6 million shares, with the 3-month average coming to 729.76K.
Analysts gave the iHeartMedia Inc (IHRT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.20. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended IHRT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. iHeartMedia Inc’s EPS for the current quarter is expected to be 0.49.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
iHeartMedia Inc (NASDAQ:IHRT) trade information
Instantly IHRT was in green as seen at the end of in last trading. With action 22.66%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -6.74%, with the 5-day performance at 22.66% in the green. However, in the 30-day time frame, iHeartMedia Inc (NASDAQ:IHRT) is 26.40% up. Looking at the short shares, we see there were 5.54 million shares sold at short interest cover period of 7.7 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 17.0% from its current market value. According to analyst projections, IHRT’s forecast low is 3 with 3 as the target high. To hit the forecast high, the stock’s price needs a -20.48% plunge from its current level, while the stock would need to soar -20.48% for it to hit the projected low.
iHeartMedia Inc (IHRT) estimates and forecasts
Data shows that the iHeartMedia Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 100.81% over the past 6 months, a 17.32% in annual growth rate that is considerably higher than the industry average of 0.80%. Year-over-year growth is forecast to reach 4.50% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 1.19B. 2 analysts are of the opinion that iHeartMedia Inc’s revenue for the current quarter will be 823.21M. The company’s revenue for the corresponding quarters a year ago was 1.07B and 799.04M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 11.50%. The estimates for the next quarter sales put growth at 3.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.60%. The 2024 estimates are for iHeartMedia Inc earnings to increase by 15.10%, but the outlook for the next 5-year period is at 7.00% per year.
IHRT Dividends
iHeartMedia Inc is expected to release its next quarterly earnings report in December.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.42% of iHeartMedia Inc shares while 87.14% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 91.16%. There are 87.14% institutions holding the iHeartMedia Inc stock share, with ALLIANZ ASSET MANAGEMENT GMBH the top institutional holder. As of 2024-06-30, the company held 15.0185% of the shares, roughly 22.5 million IHRT shares worth $24.52 million.
DOUGLAS LANE & ASSOCIATES, LLC holds the second largest percentage of outstanding shares, with 5.0684% or 7.59 million shares worth $8.28 million as of 2024-06-30.
