Currently, there are 128.29M common shares owned by the public and among those 113.20M shares have been available to trade.
The company’s stock has a 5-day price change of -0.81% and -45.58% over the past three months. IHRT shares are trading -37.88% year to date (YTD), with the 12-month market performance up to 14.95% higher. It has a 12-month low price of $0.81 and touched a high of $2.84 over the same period. IHRT has an average intraday trading volume of 892.50K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.68%, -4.53%, and -31.60% respectively.
Institutional ownership of iHeartMedia Inc (NASDAQ: IHRT) shares accounts for 75.77% of the company’s 128.29M shares outstanding.
It has a market capitalization of $170.56M and a beta (3y monthly) value of 1.73. The earnings-per-share (ttm) stands at -$8.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.52% over the week and 4.62% over the month.
Analysts forecast that iHeartMedia Inc (IHRT) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 72.19%, and 123.55% over the next financial year.
Looking at the support for the IHRT, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on November 12, 2024, with the firm’s price target at $1-$3. BofA Securities coverage for the iHeartMedia Inc (IHRT) stock in a research note released on March 28, 2023 offered a Underperform rating with a price target of $4. Goldman on their part issued Neutral rating on August 10, 2022.
