Today, iHeartMedia Inc (NASDAQ: IHRT) Takes Center Stage

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that Mundo Hispano Digital Embarks on Exclusive Content and Revenue Partnership with iHeartMedia.

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Stocks Info

The company is listed on the NASDAQ and operates within the Broadcasting industry segment. The current market capitalization of iHeartMedia Inc is $289.32M. A total of 0.55 million shares were traded on the day, compared to an average of 955.65K 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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