Salem Media Group Inc. [SALM] Stock trading around $2.83 per share: What’s Next?

Salem Media Group Inc. [NASDAQ: SALM] stock went on an upward path that rose over 55.49% on Tuesday, amounting to a one-week price increase of more than 73.62%. The company report on January 19, 2021 that Josh Hawley Signs with Regnery after Simon & Schuster Cancels Book.

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Salem Media Group, Inc. (NASDAQ: SALM) announced that Regnery Publishing, a Salem Media Group company, has picked up Senator Josh Hawley’s The Tyranny of Big Tech after its cancelation last week by Simon & Schuster. Accusing Hawley of complicity in the storming of the U.S. Capitol on January 6, the New York–based publishing conglomerate made the Missouri Republican one of the highest-profile victims of the “cancel culture.” Regnery will publish the senator’s book in the summer of 2021.

Despite Senator Hawley’s immediate and forceful condemnation of the violent incursion, social media teemed with calls for retribution for his objection to the certification of the electoral vote. The next day, citing his purported “role in what became a dangerous threat to our democracy and freedom,” Simon & Schuster announced that it was dropping Hawley’s book, scheduled for publication in June. Responding to the impulsive decision, Hawley stated on Twitter, “Simon & Schuster is canceling my contract because I was representing my constituents, leading a debate on the Senate floor on voter integrity, which they have now decided to redefine as sedition.”.

Over the last 12 months, SALM stock rose by 111.19%. The one-year Salem Media Group Inc. stock forecast points to a potential downside of -32.86. The average equity rating for SALM stock is currently 1.50, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $72.22 million, with 26.68 million shares outstanding and 11.12 million shares in the current float. Compared to the average trading volume of 442.20K shares, SALM stock reached a trading volume of 9408700 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Salem Media Group Inc. [SALM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SALM shares is $2.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SALM stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Noble Capital Markets have made an estimate for Salem Media Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 15, 2019. While these analysts kept the previous recommendation, Noble Financial raised their target price to Buy. The new note on the price target was released on October 07, 2014, representing the official price target for Salem Media Group Inc. stock. Previously, the target price had yet another raise to $13, while Singular Research analysts kept a Buy rating on SALM stock. On April 09, 2013, analysts increased their price target for SALM shares from 9.50 to 11.25.

The Average True Range (ATR) for Salem Media Group Inc. is set at 0.25, with the Price to Sales ratio for SALM stock in the period of the last 12 months amounting to 0.31. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 0.76. Price to Free Cash Flow for SALM in the course of the last twelve months was 2.98 with Quick ratio for the last quarter at 0.90.

SALM Stock Performance Analysis:

Salem Media Group Inc. [SALM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 73.62. With this latest performance, SALM shares gained by 121.09% in over the last four-week period, additionally plugging by 74.69% over the last 6 months – not to mention a rise of 111.19% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SALM stock in for the last two-week period is set at 83.75, with the RSI for the last a single of trading hit 87.25, and the three-weeks RSI is set at 81.10 for Salem Media Group Inc. [SALM]. The present Moving Average for the last 50 days of trading for this stock 1.36, while it was recorded at 1.97 for the last single week of trading, and 1.17 for the last 200 days.

Insight into Salem Media Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Salem Media Group Inc. [SALM] shares currently have an operating margin of +7.69 and a Gross Margin at +13.93. Salem Media Group Inc.’s Net Margin is presently recorded at -10.96.

Return on Total Capital for SALM is now 4.08, given the latest momentum, and Return on Invested Capital for the company is -6.08. Return on Equity for this stock declined to -13.53, with Return on Assets sitting at -4.98. When it comes to the capital structure of this company, Salem Media Group Inc. [SALM] has a Total Debt to Total Equity ratio set at 153.76. Additionally, SALM Total Debt to Total Capital is recorded at 60.59, with Total Debt to Total Assets ending up at 52.22. Long-Term Debt to Equity for the company is recorded at 142.70, with the Long-Term Debt to Total Capital now at 56.23.

Reflecting on the efficiency of the workforce at the company, Salem Media Group Inc. [SALM] managed to generate an average of -$18,722 per employee. Receivables Turnover for the company is 7.13 with a Total Asset Turnover recorded at a value of 0.45.Salem Media Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

SALM Stock EPS

With the latest financial reports released by the company, Salem Media Group Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at 0/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SALM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Salem Media Group Inc. go to 7.00%.

Salem Media Group Inc. [SALM] Insider Position Details

There are presently around $5 million, or 9.70% of SALM stock, in the hands of institutional investors. The top three institutional holders of SALM stocks are: VANGUARD GROUP INC with ownership of 339,557, which is approximately -0.612% of the company’s market cap and around 47.39% of the total institutional ownership; BLACKROCK INC., holding 336,701 shares of the stock with an approximate value of $0.95 million in SALM stocks shares; and GAMCO INVESTORS, INC. ET AL, currently with $0.92 million in SALM stock with ownership of nearly -12.091% of the company’s market capitalization.

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9 institutional holders increased their position in Salem Media Group Inc. [NASDAQ:SALM] by around 160,656 shares. Additionally, 15 investors decreased positions by around 1,255,734 shares, while 11 investors held positions by with 512,851 shares. The mentioned changes placed institutional holdings at 1,929,241 shares, according to the latest SEC report filing. SALM stock had 3 new institutional investments in for a total of 95,944 shares, while 5 institutional investors sold positions of 805,784 shares during the same period.

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