The stock of Cumulus Media Inc. (CMLS) has seen a -7.22% decrease in the past week, with a -22.86% drop in the past month, and a -44.79% decrease in the past quarter. The volatility ratio for the week is 10.12%, and the volatility levels for the past 30 days are at 7.39% for CMLS. The simple moving average for the last 20 days is -13.99% for CMLS stock, with a simple moving average of -40.76% for the last 200 days.
Is It Worth Investing in Cumulus Media Inc. (NASDAQ: CMLS) Right Now?
Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CMLS is 13.20M, and currently, short sellers hold a 2.23% ratio of that floaft. The average trading volume of CMLS on April 23, 2024 was 74.61K shares.
CMLS) stock’s latest price update
Cumulus Media Inc. (NASDAQ: CMLS) has seen a decline in its stock price by -9.70 in relation to its previous close of 2.99. However, the company has experienced a -7.22% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-14 that Cumulus Media is simultaneously enacting a poison pill defense against a potential hostile takeover and embarking on a debt restructuring. The proposed debt restructuring aims to reduce total debt and extend its maturity to 2029. CMLS implemented short-term Shareholder Rights amidst a surge in stock accumulation by Renew Group Private Ltd., a Singapore-based company owned by Manoj Bhargava.
Analysts’ Opinion of CMLS
Many brokerage firms have already submitted their reports for CMLS stocks, with Barrington Research repeating the rating for CMLS by listing it as a “Outperform.” The predicted price for CMLS in the upcoming period, according to Barrington Research is $21 based on the research report published on May 05, 2022 of the previous year 2022.
B. Riley Securities, on the other hand, stated in their research note that they expect to see CMLS reach a price target of $14. The rating they have provided for CMLS stocks is “Buy” according to the report published on May 06th, 2021.
B. Riley FBR gave a rating of “Neutral” to CMLS, setting the target price at $20 in the report published on May 07th of the previous year.
CMLS Trading at -23.60% from the 50-Day Moving Average
After a stumble in the market that brought CMLS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -59.03% of loss for the given period.
Volatility was left at 7.39%, however, over the last 30 days, the volatility rate increased by 10.12%, as shares sank -20.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.99% lower at present.
During the last 5 trading sessions, CMLS fell by -7.22%, which changed the moving average for the period of 200-days by -36.47% in comparison to the 20-day moving average, which settled at $3.10. In addition, Cumulus Media Inc. saw -49.25% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CMLS
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.58 for the gross margin
The net margin for Cumulus Media Inc. stands at -0.14. The total capital return value is set at 0.02. Equity return is now at value -33.92, with -7.73 for asset returns.
Based on Cumulus Media Inc. (CMLS), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 2.44. The interest coverage ratio of the stock is 0.7.
Currently, EBITDA for the company is 101.23 million with net debt to EBITDA at 13.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 4.64for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
In a nutshell, Cumulus Media Inc. (CMLS) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
