iHeartMedia Inc (IHRT) concluded trading on Thursday at a closing price of $1.38, with 4.19 million shares of worth about $5.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -45.02% during that period and on May 09, 2024 the price saw a loss of about -36.11%. Currently the company’s common shares owned by public are about 123.32M shares, out of which, 113.83M shares are available for trading.
Stock saw a price change of -38.12% in past 5 days and over the past one month there was a price change of -36.70%. Year-to-date (YTD), IHRT shares are showing a performance of -48.31% which decreased to -55.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.77 but also hit the highest price of $4.74 during that period. The average intraday trading volume for iHeartMedia Inc shares is 810.26K. The stock is currently trading -35.01% below its 20-day simple moving average (SMA20), while that difference is down -34.87% for SMA50 and it goes to -48.63% lower than SMA200.
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iHeartMedia Inc (NASDAQ: IHRT) currently have 123.32M outstanding shares and institutions hold larger chunk of about 76.30% of that.
The stock has a current market capitalization of $199.77M and its 3Y-monthly beta is at 1.78. It has posted earnings per share of -$7.40 in the same period. It has Quick Ratio of 1.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IHRT, volatility over the week remained 11.29% while standing at 7.19% over the month.
Stock’s fiscal year EPS is expected to rise by 100.65% while it is estimated to decrease by -96.55% in next year. EPS is likely to grow at an annualized rate of 7.00% for next 5-years, compared to annual growth of -25.60% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on March 28, 2023 offering an Underperform rating for the stock and assigned a target price range of between $6.50 and $4 to it. Coverage by JP Morgan stated iHeartMedia Inc (IHRT) stock as an Underweight in their note to investors on March 01, 2023, suggesting a price target of $5 for the stock. On March 01, 2023, Barrington Research Downgrade their recommendations, while on August 10, 2022, Goldman Downgrade their ratings for the stock with a price target of $9. Stock get an Equal weight rating from Wells Fargo on July 08, 2022.
