iHeartMedia Inc. [NASDAQ: IHRT] slipped around -0.14 points on Tuesday, while shares priced at $22.06 at the close of the session, down -0.63%. The company report on November 4, 2021 that iHeartMedia, Inc. Reports Results for 2021 Third Quarter.
iHeartMedia, Inc. (Nasdaq: IHRT) reported financial results for the quarter ended September 30, 2021.
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iHeartMedia Inc. stock is now 69.95% up from its year-to-date (YTD) trading value. IHRT Stock saw the intraday high of $22.4673 and lowest of $21.92 per share. The company’s 52-week high price is 28.24, which means current price is +76.62% above from all time high which was touched on 06/24/21.
Compared to the average trading volume of 1.08M shares, IHRT reached a trading volume of 6501655 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about iHeartMedia Inc. [IHRT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IHRT shares is $33.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IHRT stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for iHeartMedia Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 16, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $17 to $29. The new note on the price target was released on May 10, 2021, representing the official price target for iHeartMedia Inc. stock. Previously, the target price had yet another raise to $28, while B. Riley Securities analysts kept a Buy rating on IHRT stock.
The Average True Range (ATR) for iHeartMedia Inc. is set at 0.89, with the Price to Sales ratio for IHRT stock in the period of the last 12 months amounting to 0.93. The Price to Book ratio for the last quarter was 3.96, with the Price to Cash per share for the same quarter was set at 2.54. Price to Free Cash Flow for IHRT in the course of the last twelve months was 21.56 with Quick ratio for the last quarter at 1.70.
How has IHRT stock performed recently?
iHeartMedia Inc. [IHRT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.78. With this latest performance, IHRT shares gained by 5.35% in over the last four-week period, additionally sinking by -1.25% over the last 6 months – not to mention a rise of 85.85% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IHRT stock in for the last two-week period is set at 52.20, with the RSI for the last a single of trading hit 54.15, and the three-weeks RSI is set at 50.10 for iHeartMedia Inc. [IHRT]. The present Moving Average for the last 50 days of trading for this stock 22.55, while it was recorded at 22.46 for the last single week of trading, and 21.83 for the last 200 days.
iHeartMedia Inc. [IHRT]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and iHeartMedia Inc. [IHRT] shares currently have an operating margin of +0.42 and a Gross Margin at +46.88. iHeartMedia Inc.’s Net Margin is presently recorded at -64.94.
Return on Total Capital for IHRT is now 0.14, given the latest momentum, and Return on Invested Capital for the company is -22.01. Return on Equity for this stock declined to -96.25, with Return on Assets sitting at -17.87. When it comes to the capital structure of this company, iHeartMedia Inc. [IHRT] has a Total Debt to Total Equity ratio set at 663.61. Additionally, IHRT Total Debt to Total Capital is recorded at 86.90, with Total Debt to Total Assets ending up at 70.19. Long-Term Debt to Equity for the company is recorded at 652.94, with the Long-Term Debt to Total Capital now at 85.51.
Reflecting on the efficiency of the workforce at the company, iHeartMedia Inc. [IHRT] managed to generate an average of -$187,716 per employee. Receivables Turnover for the company is 3.38 with a Total Asset Turnover recorded at a value of 0.28.iHeartMedia Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings analysis for iHeartMedia Inc. [IHRT]
With the latest financial reports released by the company, iHeartMedia Inc. posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.37/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -91.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IHRT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for iHeartMedia Inc. go to 7.00%.
Insider trade positions for iHeartMedia Inc. [IHRT]
There are presently around $2,246 million, or 87.80% of IHRT stock, in the hands of institutional investors. The top three institutional holders of IHRT stocks are: ALLIANZ ASSET MANAGEMENT GMBH with ownership of 21,804,278, which is approximately -0.414% of the company’s market cap and around 1.00% of the total institutional ownership; SILVER POINT CAPITAL L.P., holding 10,171,000 shares of the stock with an approximate value of $224.37 million in IHRT stocks shares; and VANGUARD GROUP INC, currently with $223.75 million in IHRT stock with ownership of nearly 32.685% of the company’s market capitalization.
Positions in iHeartMedia Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 77 institutional holders increased their position in iHeartMedia Inc. [NASDAQ:IHRT] by around 12,179,437 shares. Additionally, 90 investors decreased positions by around 10,757,648 shares, while 28 investors held positions by with 78,862,020 shares. The mentioned changes placed institutional holdings at 101,799,105 shares, according to the latest SEC report filing. IHRT stock had 25 new institutional investments in for a total of 993,351 shares, while 36 institutional investors sold positions of 1,942,735 shares during the same period.