With 1.2 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 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 $2.83. Beta for the stock currently stands at 1.69.
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 18.87%, but this was up by 3.28% over a month. Three-month performance dropped to -42.73% while six-month performance fell -36.68%. The stock lost -44.49% in the past year, while it has lost -36.36% so far this year. A look at the trailing 12-month EPS for IHRT yields -6.68 with Next year EPS estimates of 0.42. For the next quarter, that number is -0.52. This implies an EPS growth rate of 93.56% for this year and 197.21% for next year.
Float and Shares Shorts:
At present, 127.47 million IHRT shares are outstanding with a float of 115.74 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.
