Reason’s why Entercom Communications Corp. (ETM) is an asset to your trade with current Target Price of $1.80

At the end of the latest market close, Entercom Communications Corp. (ETM) was valued at $1.50. In that particular session, Stock kicked-off at the price of $1.52 while reaching the peak value of $1.60 and lowest value recorded on the day was $1.50. The stock current value is $1.59.

Recently in News on August 7, 2020, Entercom Communications Reports Pandemic Impacted Second Quarter Results. Generated Monthly Sequential Revenue Improvements Every Month Since April with Third Quarter Business on Books Already 30% Greater thanSecond Quarter Revenue. You can read further details here

Entercom Communications Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.8000 on 01/16/20, with the lowest value was $0.7500 for the same time period, recorded on 04/06/20.

Entercom Communications Corp. (ETM) full year performance was -55.96%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Entercom Communications Corp. shares are logging -69.54% during the 52-week period from high price, and 112.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.75 and $5.22.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 799231 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Entercom Communications Corp. (ETM) recorded performance in the market was -65.73%, having the revenues showcasing -35.10% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 207.00M, as it employees total of 4144 workers.

Analysts verdict on Entercom Communications Corp. (ETM)

During the last month, 0 analysts gave the Entercom Communications Corp. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.4974, with a change in the price was noted +0.5400. In a similar fashion, Entercom Communications Corp. posted a movement of +51.43% for the period of last 100 days, recording 1,644,233 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ETM is recording 2.23 at the time of this writing. In addition, long term Debt to Equity ratio is set at 2.23.

Entercom Communications Corp. (ETM): Technical Analysis

Raw Stochastic average of Entercom Communications Corp. in the period of last 50 days is set at 53.73%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 35.42%. In the last 20 days, the company’s Stochastic %K was 31.81% and its Stochastic %D was recorded 31.61%.

Let’s take a glance in the erstwhile performances of Entercom Communications Corp., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -65.73%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -39.54%, alongside a downfall of -55.96% for the period of the last 12 months. The shares increased approximately by -1.24% in the 7-day charts and went down by 15.22% in the period of the last 30 days. Common stock shares were lifted by -35.10% during last recorded quarter.