iHeartMedia Inc [IHRT] stock is trading at $2.09, up 5.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IHRT shares have gain 16.11% over the last week, with a monthly amount glided 0.97%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
iHeartMedia Inc [NASDAQ: IHRT] stock has seen the most recent analyst activity on March 28, 2023, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $4 from $6.50. Previously, JP Morgan downgraded its rating to Underweight on March 01, 2023, and dropped its price target to $5. On March 01, 2023, downgrade downgraded it’s rating to Mkt Perform. Goldman downgraded its rating to a Neutral and decreased its price target to $9 on August 10, 2022. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $9 on July 08, 2022. BofA Securities downgraded its rating to Neutral for this stock on June 24, 2022, and downed its price target to $10. In a note dated June 10, 2022, Morgan Stanley downgraded an Underweight rating on this stock and revised its target price from $25 to $11.
iHeartMedia Inc [IHRT] stock has fluctuated between $0.81 and $3.12 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. iHeartMedia Inc [NASDAQ: IHRT] shares were valued at $2.09 at the most recent close of the market. An investor can expect a potential return of 43.54% based on the average IHRT price forecast.
Analyzing the IHRT fundamentals
iHeartMedia Inc [NASDAQ:IHRT] reported sales of 3.75B for the trailing twelve months, which represents a growth of 0.99%. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.29%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 1.57 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.01 points at the first support level, and at 1.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.18, and for the 2nd resistance point, it is at 2.27.
Ratios To Look Out For
For context, iHeartMedia Inc’s Current Ratio is 1.92. As well, the Quick Ratio is 1.92, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.07.
Transactions by insiders
Recent insider trading involved PITTMAN ROBERT W, Chairman and CEO, that happened on Nov 14 ’23 when 100000.0 shares were purchased.
