iHeartMedia Inc (NASDAQ:IHRT)’s traded shares stood at 0.86 million during the latest session, with the company’s beta value hitting 1.75. At the last check today, the stock’s price was $1.71, to imply a decrease of -18.38% or -$0.38 in intraday trading. The IHRT share’s 52-week high remains $3.04, putting it -77.78% down since that peak but still an impressive 52.63% since price per share fell to its 52-week low of $0.81.
Analysts have given a consensus recommendation of Buy for iHeartMedia Inc (IHRT), translating to a mean rating of 3.00. 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.
iHeartMedia Inc (NASDAQ:IHRT) trade information
After registering a -18.38% downside in the latest session, iHeartMedia Inc (IHRT) has traded red over the past five days. The 5-day price performance for the stock is -19.16%, and -27.10% over 30 days. With these gigs, the year-to-date price performance is -13.85%.
The extremes give us $5 and $5 for target low and target high price respectively. As such, IHRT has been trading -192.4% off suggested target high and -192.4% from its likely low.
iHeartMedia Inc (IHRT) estimates and forecasts
The rating firms project that company’s revenue will grow 0.55% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 816.12M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 948.32M.Earnings reports from the last fiscal year show that sales brought in 799.04M and 929.09M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 2.14% before jumping 2.07% in the following quarter.
IHRT Dividends
iHeartMedia Inc has its next earnings report out in March. 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
The next major institution holding the largest number of shares is DOUGLAS LANE & ASSOCIATES, LLC with 7.59 million shares, or about 5.0234% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $8.28 million.
We also have PIMCO Income Fd and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the iHeartMedia Inc (IHRT) shares. Going by data provided on Sep 30, 2024, PIMCO Income Fd holds roughly 9.03 shares. This is just over 15.87% of the total shares, with a market valuation of $14.94 million. Data from the same date shows that the other fund manager holds a little less at 3.28, or 5.76% of the shares, all valued at about 5.42 million.
