iHeartMedia Inc (IHRT) concluded trading on Thursday at a closing price of $2.18, with 8.82 million shares of worth about $19.22 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 57.97% during that period and on November 07, 2024 the price saw a gain of about 25.29%. Currently the company’s common shares owned by public are about 123.32M shares, out of which, 116.04M shares are available for trading.
Stock saw a price change of 10.10% in past 5 days and over the past one month there was a price change of 4.81%. Year-to-date (YTD), IHRT shares are showing a performance of -18.35% which decreased to -13.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.81 but also hit the highest price of $3.12 during that period. The average intraday trading volume for iHeartMedia Inc shares is 582.89K. The stock is currently trading 13.07% above its 20-day simple moving average (SMA20), while that difference is up 21.12% for SMA50 and it goes to 23.00% higher than SMA200.
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iHeartMedia Inc (NASDAQ: IHRT) currently have 123.32M outstanding shares and institutions hold larger chunk of about 73.81% of that.
The stock has a current market capitalization of $273.50M and its 3Y-monthly beta is at 1.67. It has posted earnings per share of -$6.59 in the same period. It has Quick Ratio of 1.92. 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 16.26% while standing at 8.82% over the month.
Stock’s fiscal year EPS is expected to rise by 17.13% while it is estimated to increase by 93.11% 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.
