With 1.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.78 million shares. The 52-week range on IHRT shows that it touched its highest point at $2.84 and its lowest point at $0.81 during that stretch. It currently has a 1-year price target of $2.75. Beta for the stock currently stands at 1.52.
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 down-trending over the past week, with a drop of -28.64%, but this was down by -29.28% over a month. Three-month performance dropped to -31.14% while six-month performance fell -3.09%. The stock lost -43.32% in the past year, while it has lost -20.71% so far this year. A look at the trailing 12-month EPS for IHRT yields -6.68 with Next year EPS estimates of 0.37. For the next quarter, that number is -0.51. This implies an EPS growth rate of 94.11% for this year and 194.07% for next year.
Float and Shares Shorts:
At present, 127.47 million IHRT shares are outstanding with a float of 115.69 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.
Summary of Insider Activity:
Insiders traded IHRT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
