iHeartMedia Inc [IHRT] stock is trading at $1.06, up 2.91%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IHRT shares have gain 3.92% over the last week, with a monthly amount drifted -30.26%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
iHeartMedia Inc [NASDAQ: IHRT] stock has seen the most recent analyst activity on November 12, 2024, when BofA Securities upgraded its rating to a Neutral and also boosted its price target to $3 from $1. Previously, BofA Securities downgraded its rating to Underperform on March 28, 2023, and dropped its price target to $4. On March 01, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $5 on the stock. Barrington Research downgraded its rating to a Mkt Perform. Goldman downgraded its rating to a Neutral and reduced its price target to $9 on August 10, 2022. Wells Fargo downgraded its rating to Equal Weight for this stock on July 08, 2022, and downed its price target to $9. In a note dated June 24, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $30 to $10.
iHeartMedia Inc [IHRT] stock has fluctuated between $0.81 and $2.84 over the past year. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. iHeartMedia Inc [NASDAQ: IHRT] shares were valued at $1.06 at the most recent close of the market. An investor can expect a potential return of 371.7% based on the average IHRT price forecast.
Analyzing the IHRT fundamentals
iHeartMedia Inc [NASDAQ:IHRT] reported sales of 3.85B for the trailing twelve months, which represents a growth of 4.83%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is 0.98 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -4.25.
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 1.0167 points at the first support level, and at 0.9733 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0867, and for the 2nd resistance point, it is at 1.1133.
Ratios To Look Out For
For context, iHeartMedia Inc’s Current Ratio is 1.56. Further, the Quick Ratio stands at 1.56, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 0.04.
Transactions by insiders
Recent insider trading involved BRESSLER RICHARD J, that happened on Mar 07 ’25 when 100000.0 shares were purchased. Chairman and CEO, PITTMAN ROBERT W completed a deal on Mar 04 ’25 to buy 0.2 million shares. Meanwhile, Director Rasulo James A sold 40223.0 shares on Nov 13 ’24.
