With 0.7 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.77 million shares. The 52-week range on IHRT shows that it touched its highest point at $3.04 and its lowest point at $0.81 during that stretch. It currently has a 1-year price target of $3.58. Beta for the stock currently stands at 1.76.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IHRT was up-trending over the past week, with a rise of 1.80%, but this was down by -6.22% over a month. Three-month performance dropped to -4.64% while six-month performance rose 44.87%. The stock lost -3.62% in the past year, while it has gained 14.14% so far this year. A look at the trailing 12-month EPS for IHRT yields -6.80 with Next year EPS estimates of -0.20. For the next quarter, that number is 0.37. This implies an EPS growth rate of 11.88% for this year and 96.90% for next year.
Float and Shares Shorts:
At present, 125.78 million IHRT shares are outstanding with a float of 116.67 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IHRT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$6.49202 being high and -$6.53198 being low. For IHRT, this leads to a yearly average estimate of -$6.512. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
