Is iHeartMedia Inc (NASDAQ: IHRT) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Mundo Hispano Digital Embarks on Exclusive Content and Revenue Partnership with iHeartMedia.

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Stocks Info

This NASDAQ-listed company operates within the Broadcasting industry segment, falling under the Communication Services sector. The current market capitalization of iHeartMedia Inc is $302.34M. A total of 0.56 million shares were traded on the day, compared to an average of 969.65K shares.

In the most recent transaction, PITTMAN ROBERT W bought 100,000 shares of IHRT for 2.06 per share on Nov 14 ’23. After the transaction, the Chairman and CEO now owns 3,166,359 company shares. In a previous transaction on Aug 11 ’23, PITTMAN ROBERT W bought 58,480 shares at 3.44 per share. IHRT shares that Chairman and CEO owns now total 3,066,359.

Among the insiders who bought shares, PITTMAN ROBERT W acquired of 88,028 shares on May 05 ’23 at a per-share price of $2.88. This resulted in the Chairman and CEO holding 1,971,323 shares of IHRT after the transaction. In another insider transaction, Hamilton Scott D bought 2,000 shares at $2.86 per share on May 05 ’23. Company shares held by the insider now total 21,146.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, IHRT has a high of $4.74 and a low of $1.77.

As of this writing, IHRT has an earnings estimate of -$0.56 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.51 per share and a lower estimate of -$0.66. The company reported an EPS of -$0.06 in the last quarter, which was -20.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. IHRT’s latest balance sheet shows that the firm has $352.13M in Cash & Short Term Investments as of fiscal 2021. There were $6.57B in debt and $849.42M in liabilities at the time. Its Book Value Per Share was -$2.72, while its Total Shareholder’s Equity was $915.76M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IHRT is Buy with a score of 2.57.

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