Salem Media Group Inc. [NASDAQ: SALM] price surged by 15.19 percent to reach at $0.41. The company report on March 4, 2021 that Salem Media Group, Inc. Announces Fourth Quarter 2020 Total Revenue of $64.5 Million.
Salem Media Group, Inc. (Nasdaq: SALM) released its results for the three and twelve months ended December 31, 2020.
Fourth Quarter 2020 Highlights.
A sum of 1036628 shares traded at recent session while its average daily volume was at 894.29K shares. Salem Media Group Inc. shares reached a high of $3.19 and dropped to a low of $2.64 until finishing in the latest session at $3.11.
The one-year SALM stock forecast points to a potential downside of -46.01. The average equity rating for SALM stock is currently 1.50, trading closer to a bullish pattern in the stock market.
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 0.47, with the Price to Sales ratio for SALM stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 0.79. Price to Free Cash Flow for SALM in the course of the last twelve months was 2.57 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 12.68. With this latest performance, SALM shares gained by 79.77% in over the last four-week period, additionally plugging by 224.63% over the last 6 months – not to mention a rise of 157.02% 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 60.54, with the RSI for the last a single of trading hit 61.08, and the three-weeks RSI is set at 60.77 for Salem Media Group Inc. [SALM]. The present Moving Average for the last 50 days of trading for this stock 1.98, while it was recorded at 2.76 for the last single week of trading, and 1.35 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 -2.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6,966.70%. 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 $8 million, or 12.90% of SALM stock, in the hands of institutional investors. The top three institutional holders of SALM stocks are: BARCLAYS PLC with ownership of 575,000, which is approximately New of the company’s market cap and around 47.39% of the total institutional ownership; VANGUARD GROUP INC, holding 339,557 shares of the stock with an approximate value of $1.06 million in SALM stocks shares; and BLACKROCK INC., currently with $1.05 million in SALM stock with ownership of nearly 0.076% of the company’s market capitalization.
Positions in Salem Media Group Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 10 institutional holders increased their position in Salem Media Group Inc. [NASDAQ:SALM] by around 958,136 shares. Additionally, 15 investors decreased positions by around 340,019 shares, while 10 investors held positions by with 1,376,524 shares. The mentioned changes placed institutional holdings at 2,674,679 shares, according to the latest SEC report filing. SALM stock had 4 new institutional investments in for a total of 643,302 shares, while 7 institutional investors sold positions of 180,173 shares during the same period.