iHeartMedia Inc. (IHRT) poses a Brand-New Opportunity for Investors with beta value of 1.69

iHeartMedia Inc. (NASDAQ: IHRT) started the day on March 16, 2023, with a price increase of 1.07% at $4.74. During the day, the stock rose to $4.77 and sunk to $4.415 before settling in for the price of $4.69 at the close. Taking a more long-term approach, IHRT posted a 52-week range of $4.38-$20.48.

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It was noted that the giant of the Communication Services sector posted annual sales growth of 1.80% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 25.40%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -64.80%. This publicly-traded company’s shares outstanding now amounts to $148.36 million, simultaneously with a float of $118.35 million. The organization now has a market capitalization sitting at $728.92 million. At the time of writing, stock’s 50-day Moving Average stood at $6.89, while the 200-day Moving Average is $7.99.

It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 9350 workers. For the Profitability, stocks gross margin was +50.77, operating margin was +11.99 and Pretax Margin of -6.59.

iHeartMedia Inc. (IHRT) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Broadcasting Industry. iHeartMedia Inc.’s current insider ownership accounts for 1.90%, in contrast to 96.49% institutional ownership. According to the most recent insider trade that took place on Mar 10, this organization’s EVP-Finance & Deputy CFO bought 10,000 shares at the rate of 5.00, making the entire transaction reach 50,017 in total value, affecting insider ownership by 148,535. Preceding that transaction, on Mar 07, Company’s EVP-Finance & Deputy CFO bought 17,500 for 5.45, making the whole transaction’s value amount to 95,356. This particular insider is now the holder of 138,535 in total.

iHeartMedia Inc. (IHRT) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 9/29/2022, the organization reported -$2.09 earnings per share (EPS) for the three months, lower than the consensus estimate (set at $0.2) by -$2.29. This company achieved a net margin of -6.76 while generating a return on equity of -33.45. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.43 per share during the current fiscal year.

iHeartMedia Inc.’s EPS decrease for this current 12-month fiscal period is -64.80% and is forecasted to reach 0.62 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.00% through the next 5 years, which can be compared against the 25.40% growth it accomplished over the previous five years trading on the market.

iHeartMedia Inc. (NASDAQ: IHRT) Trading Performance Indicators

Let’s observe the current performance indicators for iHeartMedia Inc. (IHRT). It’s Quick Ratio in the last reported quarter now stands at 1.80. The Stock has managed to achieve an average true range (ATR) of 0.51. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.19. Similarly, its price to free cash flow for trailing twelve months is now 2.81.

In the same vein, IHRT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.79, a figure that is expected to reach -0.76 in the next quarter, and analysts are predicting that it will be 0.62 at the market close of one year from today.

Technical Analysis of iHeartMedia Inc. (IHRT)

If we take a close look at the recent performances of iHeartMedia Inc. (NASDAQ: IHRT), its last 5-days Average volume was 1.45 million that shows progress from its year to date volume of 0.78 million. During the previous 9 days, stock’s Stochastic %D was recorded 17.76% While, its Average True Range was 0.51.

Raw Stochastic average of iHeartMedia Inc. (IHRT) in the period of the previous 100 days is set at 7.68%, which indicates a major fall in contrast to 12.00% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 122.20% that was higher than 78.55% volatility it exhibited in the past 100-days period.


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