In last trading session, iHeartMedia Inc (NASDAQ:IHRT) saw 1.31 million shares changing hands with its beta currently measuring 1.72. Company’s recent per share price level of $2.28 trading at -$0.03 or -1.30% at ring of the bell on the day assigns it a market valuation of $283.08M. That closing price of IHRT’s stock is at a discount of -36.84% from its 52-week high price of $3.12 and is indicating a premium of 64.47% from its 52-week low price of $0.81. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.96 million shares which gives us an average trading volume of 824.41K if we extend that period to 3-months.
For iHeartMedia Inc (IHRT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.
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
Upright in the red during last session for losing -1.30%, in the last five days IHRT remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $2.28 price level, adding 8.43% to its value on the day. iHeartMedia Inc’s shares saw a change of -14.61% in year-to-date performance and have moved -1.72% in past 5-day. iHeartMedia Inc (NASDAQ:IHRT) showed a performance of 17.53% in past 30-days. Number of shares sold short was 5.23 million shares which calculate 5.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a rise of 54.4% to its current value. Analysts have been projecting 5 as a low price target for the stock while placing it at a high target of 5. It follows that stock’s current price would drop -119.3% in reaching the projected high whereas dropping to the targeted low would mean a loss of -119.3% for stock’s current value.
iHeartMedia Inc (IHRT) estimates and forecasts
Statistics highlight that iHeartMedia Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 143.95% of value to its shares in past 6 months, showing an annual growth rate of 11.77% while that of industry is 17.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 4.03% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.17B for the same. And 2 analysts are in estimates of company making revenue of 816.12M in the next quarter. Company posted 1.07B and 799.04M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -25.60% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 11.88% while estimates for its earnings growth in next 5 years are of 7.00%.
iHeartMedia Inc (NASDAQ:IHRT)’s Major holders
Insiders are in possession of 4.38% of company’s total shares while institution are holding 87.70 percent of that, with stock having share float percentage of 91.72%. Investors also watch the number of corporate investors in a company very closely, which is 87.70% institutions for iHeartMedia Inc that are currently holding shares of the company. ALLIANZ ASSET MANAGEMENT GMBH is the top institutional holder at IHRT for having 22.5 million shares of worth $24.52 million. And as of 2024-06-30, it was holding 15.0185 of the company’s outstanding shares.
The second largest institutional holder is DOUGLAS LANE & ASSOCIATES, LLC, which was holding about 7.59 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0684 of outstanding shares, having a total worth of $8.28 million.
On the other hand, PIMCO Income Fd and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 9.03 shares of worth $20.58 million or 15.87% of the total outstanding shares. The later fund manager was in possession of 3.28 shares on Jun 30, 2024 , making its stake of worth around $7.47 million in the company or a holder of 5.76% of company’s stock.
