Cumulus Media Inc [NASDAQ: CMLS] gained 4.56% on the last trading session, reaching $0.25 price per share at the time.
If compared to the average trading volume of 317.53K shares, CMLS reached a trading volume of 276628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Cumulus Media Inc [CMLS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMLS shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMLS stock is a recommendation set at 3.00. 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.
Barrington Research have made an estimate for Cumulus Media Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 05, 2022. The new note on the price target was released on May 06, 2021, representing the official price target for Cumulus Media Inc stock. Previously, the target price had yet another raise to $20, while B. Riley FBR analysts kept a Neutral rating on CMLS stock.
The Average True Range (ATR) for Cumulus Media Inc is set at 0.07, with the Price to Sales ratio for CMLS stock in the period of the last 12 months amounting to 0.02. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 0.92.
Trading performance analysis for CMLS stock
Cumulus Media Inc [CMLS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.33. With this latest performance, CMLS shares dropped by -44.10% in over the last four-week period, additionally sinking by -80.62% over the last 6 months – not to mention a drop of -91.29% 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 CMLS stock in for the last two-week period is set at 24.74, with the RSI for the last a single of trading hit 21.16, and the three-weeks RSI is set at 27.91 for Cumulus Media Inc [CMLS]. The present Moving Average for the last 50 days of trading for this stock 0.5722, while it was recorded at 0.2746 for the last single week of trading, and 1.0800 for the last 200 days.
Cumulus Media Inc [CMLS]: A deeper dive into fundamental analysis
Cumulus Media Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.85 and a Current Ratio set at 1.85.
Cumulus Media Inc [CMLS]: An earnings per share (EPS) analysis
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 CMLS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cumulus Media Inc go to 46.09%.
An analysis of Institutional ownership at Cumulus Media Inc [CMLS]
There are presently around $39.28%, or 46.68%% of CMLS stock, in the hands of institutional investors. The top three institutional holders of CMLS stocks are: ZAZOVE ASSOCIATES LLC with ownership of 1.46 million shares, which is approximately 8.7407%. CAPITAL WORLD INVESTORS, holding 0.78 million shares of the stock with an approximate value of $$1.59 million in CMLS stocks shares; and CAPITAL WORLD INVESTORS, currently with $$1.38 million in CMLS stock with ownership which is approximately 4.0542%.
