Audacy Inc. (NYSE:AUD) went up by 6.77% from its latest closing price compared to the recent 1-year high of $4.71. The company’s stock price has collected -14.94% of loss in the last five trading sessions.
Is It Worth Investing in Audacy Inc. (NYSE :AUD) Right Now?
Audacy Inc. (NYSE:AUD) scored a price-to-earnings ratio above its average ratio, recording 40.76 x from its present earnings ratio. Plus, the 36-month beta value for AUD is at 1.44. Opinions of the stock are interesting as 2 analysts out of 4 who provided ratings for Audacy Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $3.25, which is $2.07 above the current price. AUD currently public float of 104.79M and currently shorts hold a 8.33% ratio of that float. Today, the average trading volume of AUD was 568.30K shares.
AUD’s Market Performance
AUD stocks went down by -14.94% for the week, with a monthly drop of -25.99% and a quarterly performance of -14.23%, while its annual performance rate touched -49.51%. The volatility ratio for the week stands at 12.04% while the volatility levels for the past 30 days are set at 7.09% for Audacy Inc.. The simple moving average for the period of the last 20 days is -19.67% for AUD stocks with a simple moving average of -30.51% for the last 200 days.
Analysts’ Opinion of AUD
Many brokerage firms have already submitted their reports for AUD stocks, with Wells Fargo repeating the rating for AUD by listing it as a “Equal Weight.” The predicted price for AUD in the upcoming period, according to Wells Fargo is $3 based on the research report published on January 04th of the current year 2022.
B. Riley Securities, on the other hand, stated in their research note that they expect to see AUD reach a price target of $5, previously predicting the price at $4. The rating they have provided for AUD stocks is “Buy” according to the report published on December 15th, 2021.
AUD Trading at -27.07% from the 50-Day Moving Average
After a stumble in the market that brought AUD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.48% of loss for the given period.
Volatility was left at 7.09%, however, over the last 30 days, the volatility rate increased by 12.04%, as shares sank -26.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.01% lower at present.
During the last 5 trading sessions, AUD fell by -14.94%, which changed the moving average for the period of 200-days by -44.29% in comparison to the 20-day moving average, which settled at $2.5100. In addition, Audacy Inc. saw -20.23% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at AUD starting from Neely Susan K, who purchase 3,175 shares at the price of $3.10 back on Mar 02. After this action, Neely Susan K now owns 101,955 shares of Audacy Inc., valued at $9,836 using the latest closing price.
FIELD JOSEPH M, the Chairman Emeritus of Audacy Inc., sale 393,700 shares at $2.54 during a trade that took place back on Dec 23, which means that FIELD JOSEPH M is holding 14,344,307 shares at $999,998 based on the most recent closing price.
Stock Fundamentals for AUD
Current profitability levels for the company are sitting at:
- +7.49 for the present operating margin
- +15.35 for the gross margin
The net margin for Audacy Inc. stands at -0.29. Equity return is now at value -0.60, with -0.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.