iHeartMedia Inc (NASDAQ:IHRT) shares, rose in value on Wednesday, April 16, with the stock price down by -6.42% to the previous day’s close as strong demand from buyers drove the stock to $1.02.
Actively observing the price movement in the last trading, the stock closed the session at $1.09, falling within a range of $0.9723 and $1.11. The value of beta (5-year monthly) was 1.492. Referring to stock’s 52-week performance, its high was $2.84, and the low was $0.81. On the whole, IHRT has fluctuated by -30.38% over the past month.
With the market capitalization of iHeartMedia Inc currently standing at about $148.73 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.82B, with a low estimate of 786.79M and a high estimate of 792.96M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 790.17M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IHRT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of IHRT currently trading nearly -28.47% and -41.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 26.42, while the 7-day volatility ratio is showing 11.00% which for the 30-day chart, stands at 11.46%. Furthermore, iHeartMedia Inc (IHRT)’s beta value is 1.78, and its average true range (ATR) is 0.16.
A comparison of iHeartMedia Inc (IHRT) with its peers suggests the former has fared considerably weaker in the market. IHRT showed an intraday change of -6.42% in last session, and over the past year, it shrunk by -51.66%%.
Data on historical trading for iHeartMedia Inc (NASDAQ:IHRT) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 826.71K. According to company’s latest data on outstanding shares, there are 127.47 million shares outstanding.
Nearly 21.57% of iHeartMedia Inc’s shares belong to company insiders and institutional investors own 74.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.28 million shares as on 2025-03-31, resulting in a short ratio of 5.94. According to the data, the short interest in iHeartMedia Inc (IHRT) stood at 899.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 6.7 million. The stock has fallen by -48.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IHRT stock heading into the next quarter.
