iHeartMedia Inc [NASDAQ: IHRT] jumped around 0.35 points on Thursday, while shares priced at $1.86 at the close of the session, up 23.18%.
Compared to the average trading volume of 795.77K shares, IHRT reached a trading volume of 4090844 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 $2.75 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 3.00. 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.
BofA Securities have made an estimate for iHeartMedia Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 12, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $6.50 to $4. The new note on the price target was released on March 28, 2023, representing the official price target for iHeartMedia Inc stock. Previously, the target price had yet another drop from $10 to $5, while JP Morgan kept a Underweight rating on IHRT stock.
The Average True Range (ATR) for iHeartMedia Inc is set at 0.20, with the Price to Sales ratio for IHRT stock in the period of the last 12 months amounting to 0.06.
How has IHRT stock performed recently?
iHeartMedia Inc [IHRT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.00. With this latest performance, IHRT shares dropped by -20.85% in over the last four-week period, additionally plugging by 24.00% over the last 6 months – not to mention a drop of -13.08% 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 43.31, with the RSI for the last a single of trading hit 44.51, and the three-weeks RSI is set at 43.83 for iHeartMedia Inc [IHRT]. The present Moving Average for the last 50 days of trading for this stock 2.1204, while it was recorded at 1.6620 for the last single week of trading, and 1.7701 for the last 200 days.
iHeartMedia Inc [IHRT]: Deeper insight into the fundamentals
iHeartMedia Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.56 and a Current Ratio set at 1.56.
Insider trade positions for iHeartMedia Inc [IHRT]
The top three institutional holders of IHRT stocks are: ALLIANZ ASSET MANAGEMENT GMBH with ownership of 22.5 million shares, which is approximately 15.0185%. DOUGLAS LANE & ASSOCIATES, LLC, holding 7.59 million shares of the stock with an approximate value of $$8.28 million in IHRT stocks shares; and DOUGLAS LANE & ASSOCIATES, LLC, currently with $$7.63 million in IHRT stock with ownership which is approximately 4.6727%.
