Witnessing the stock’s movement on the chart, on Wednesday, iHeartMedia Inc (NASDAQ: IHRT) had a quiet start as it plunged -3.94% to $1.95, before settling in for the price of $2.03 at the close. Taking a more long-term approach, IHRT posted a 52-week range of $1.77-$4.74.
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In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 1.71%. Meanwhile, its Annual Earning per share during the time was -25.60%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 99.26%. This publicly-traded company’s shares outstanding now amounts to $123.32 million, simultaneously with a float of $113.73 million. The organization now has a market capitalization sitting at $282.09 million. At the time of writing, stock’s 50-day Moving Average stood at $2.24, while the 200-day Moving Average is $2.84.
iHeartMedia Inc (IHRT) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Broadcasting industry. iHeartMedia Inc’s current insider ownership accounts for 21.38%, in contrast to 76.80% institutional ownership. According to the most recent insider trade that took place on Nov 14 ’23, this organization’s Chairman and CEO bought 100,000 shares at the rate of 2.06, making the entire transaction reach 205,950 in total value, affecting insider ownership by 3,166,359. Preceding that transaction, on Aug 11 ’23, Company’s Chairman and CEO bought 58,480 for 3.44, making the whole transaction’s value amount to 201,066. This particular insider is now the holder of 3,066,359 in total.
iHeartMedia Inc (IHRT) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of 15.56 per share during the current fiscal year.
iHeartMedia Inc’s EPS increase for this current 12-month fiscal period is 99.26% and is forecasted to reach -0.17 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 -25.60% 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 1.78. The Stock has managed to achieve an average true range (ATR) of 0.16. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.08. Similarly, its price to free cash flow for trailing twelve months is now 2.56.
In the same vein, IHRT’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -7.40, a figure that is expected to reach -0.56 in the next quarter, and analysts are predicting that it will be -0.17 at the market close of one year from today.
Technical Analysis of iHeartMedia Inc (IHRT)
Going through the that latest performance of [iHeartMedia Inc, IHRT]. Its last 5-days volume of 0.46 million was inferior to the volume of 0.9 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 18.89% While, its Average True Range was 0.15.
Raw Stochastic average of iHeartMedia Inc (IHRT) in the period of the previous 100 days is set at 8.59%, which indicates a major rise in contrast to 2.47% 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 71.36% that was lower than 95.00% volatility it exhibited in the past 100-days period.
