A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. iHeartMedia Inc’s current trading price is -44.23% away from its 52-week high, while its distance from the 52-week low is 114.07%. The stock’s price range for this time frame has been between $0.81 and $3.12. The trading volume of the company’s shares in the Communication Services reached around 1.51 million for the day, which was evidently higher than the average daily volume of 0.57 million over the last three months.
The market performance of iHeartMedia Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $3.12 on 12/04/23, with the lowest value for the same timeframe being $0.81, recorded on 05/28/24.
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How Financial Performance Impacts Market Capitalization
iHeartMedia Inc (IHRT) has experienced a quarterly rise of 20.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 218.30M and boasts a workforce of 10800 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.5699, with a change in price of +0.5300. Similarly, iHeartMedia Inc recorded 719,657 in trading volume during the last 100 days, posting a change of +43.80%.
IHRT Stock Stochastic Average
The raw stochastic average for iHeartMedia Inc over the last 50 days is presently at 45.12%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 16.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 50.00% and 64.33%, respectively.
IHRT Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. The index has shown a price loss of -34.83% this year. Over the last six months, there has been a stronger performance of -19.44%. The price of IHRT leaped by -16.75% during the last 30 days period. For the last 5-days stocks have slided -13.43%.
