A new trading day began on Monday, with iHeartMedia Inc (NASDAQ: IHRT) stock price down -4.17% from the previous day of trading, before settling in for the closing price of $2.40. IHRT’s price has ranged from $0.81 to $3.12 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Communication Services Sector giant saw their annual sales surged by 1.71% over the last five years. Meanwhile, its annual earnings per share averaged 11.88%. With a float of $116.39 million, this company’s outstanding shares have now reached $123.32 million.
The firm has a total of 10800 workers. Let’s measure their productivity. In terms of profitability, gross margin is 51.02%, operating margin of 4.56%, and the pretax margin is -28.5%.
iHeartMedia Inc (IHRT) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Broadcasting Industry. The insider ownership of iHeartMedia Inc is 20.87%, while institutional ownership is 74.21%. The most recent insider transaction that took place on Nov 13 ’24, was worth 96,406. In this transaction Director of this company sold 40,223 shares at a rate of $2.40, taking the stock ownership to the 339,322 shares.
iHeartMedia Inc (IHRT) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 11.88% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to -25.60% drop over the previous five years of trading.
iHeartMedia Inc (NASDAQ: IHRT) Trading Performance Indicators
Here are iHeartMedia Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.07. Likewise, its price to free cash flow for the trailing twelve months is 2.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.80, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of iHeartMedia Inc (IHRT)
Analysing the last 5-days average volume posted by the [iHeartMedia Inc, IHRT], we can find that recorded value of 1.06 million was better than the volume posted last year of 0.96 million. As of the previous 9 days, the stock’s Stochastic %D was 51.67%. Additionally, its Average True Range was 0.21.
During the past 100 days, iHeartMedia Inc’s (IHRT) raw stochastic average was set at 70.08%, which indicates a significant increase from 53.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 131.26% in the past 14 days, which was higher than the 105.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.98, while its 200-day Moving Average is $1.75. Now, the first resistance to watch is $2.43. This is followed by the second major resistance level at $2.55. The third major resistance level sits at $2.63. If the price goes on to break the first support level at $2.23, it is likely to go to the next support level at $2.15. Now, if the price goes above the second support level, the third support stands at $2.03.
iHeartMedia Inc (NASDAQ: IHRT) Key Stats
With a market capitalization of 283.41 million, the company has a total of 147,074K Shares Outstanding. Currently, annual sales are 3,751 M while annual income is -1,103 M. The company’s previous quarter sales were 1,008 M while its latest quarter income was -41,270 K.
