Salem Media Group Inc. (NASDAQ:SALM) went up by 10.94% from its latest closing price compared to the recent 1-year high of $2.62. The company’s stock price has collected 24.56% of gains in the last five trading sessions. Press Release reported 17 hours ago that Salem Media Group, Inc. Announces Promotion of Angenette Natkowski to Director of Sales in Chicago
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Is It Worth Investing in Salem Media Group Inc. (NASDAQ :SALM) Right Now?
Plus, the 36-month beta value for SALM is at 1.64.
SALM currently public float of 11.12M and currently shorts hold a 6.65% ratio of that float. Today, the average trading volume of SALM was 593.35K shares.
SALM’s Market Performance
SALM stocks went up by 24.56% for the week, with a monthly jump of 27.93% and a quarterly performance of 44.72%, while its annual performance rate touched -8.40%. The volatility ratio for the week stands at 11.06% while the volatility levels for the past 30 days are set at 6.04% for Salem Media Group Inc.. The simple moving average for the period of the last 20 days is 30.01% for SALM stocks with a simple moving average of 31.61% for the last 200 days.
Analysts’ Opinion of SALM
Many brokerage firms have already submitted their reports for SALM stocks, with Noble Capital Markets repeating the rating for SALM by listing it as a “Outperform.” The predicted price for SALM in the upcoming period, according to Noble Capital Markets is $3.50 based on the research report published on January 15th of the previous year 2019.
Noble Financial, on the other hand, stated in their research note that they expect to see SALM reach a price target of $11. The rating they have provided for SALM stocks is “Buy” according to the report published on October 07th, 2014.
Singular Research gave a rating of “Buy” to SALM, setting the target price at $13 in the report published on February 24th of the previous year.
SALM Trading at 37.30% from the 50-Day Moving Average
After a stumble in the market that brought SALM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -45.80% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 11.06%, as shares surge +27.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.83% upper at present.
During the last 5 trading sessions, SALM rose by +24.56%, which changed the moving average for the period of 200-days by +42.00% in comparison to the 20-day moving average, which settled at $1.1077. In addition, Salem Media Group Inc. saw 36.54% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SALM starting from EVANS DAVID, who sale 5,700 shares at the price of $1.65 back on Aug 11. After this action, EVANS DAVID now owns 7,502 shares of Salem Media Group Inc., valued at $9,406 using the latest closing price.
Henderson Christopher J, the EVP, General Counsel & Secy of Salem Media Group Inc., sale 10,476 shares at $1.64 during a trade that took place back on Aug 10, which means that Henderson Christopher J is holding 0 shares at $17,194 based on the most recent closing price.
Stock Fundamentals for SALM
Current profitability levels for the company are sitting at:
- +7.69 for the present operating margin
- +13.93 for the gross margin
The net margin for Salem Media Group Inc. stands at -10.96. The total capital return value is set at 4.08, while invested capital returns managed to touch -6.08. Equity return is now at value -42.20, with -11.40 for asset returns.
Based on Salem Media Group Inc. (SALM), the company’s capital structure generated 153.76 points at debt to equity in total, while total debt to capital is 60.59. Total debt to assets is 52.22, with long-term debt to equity ratio resting at 142.70. Finally, the long-term debt to capital ratio is 56.23.
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When we switch over and look at the enterprise to sales, we see a ratio of 1.30, with the company’s debt to enterprise value settled at 0.88. The receivables turnover for the company is 7.13 and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
