For the readers interested in the stock health of Salem Media Group Inc. (SALM). It is currently valued at $1.28. When the transactions were called off in the previous session, Stock hit the highs of $1.33, after setting-off with the price of $1.165. Company’s stock value dipped to $1.0701 during the trading on the day. When the trading was stopped its value was $1.27.
Recently in News on September 1, 2020, SRN Adds The Charlie Kirk Show to Weekday Lineup. Salem Media Group, Inc. (NASDAQ: SALM) announced today that Salem Radio Network has signed an agreement with Charlie Kirk to host a daily three hour talk radio program beginning Monday, October 5th. The show will air live in the Noon to 3pm ET daypart and be available to stations either live or tape delayed. The show will take advantage of Charlie’s unique insights on the breaking news of the day, and help listeners understand what to make of it all. You can read further details here
Salem Media Group Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $2.6200 on 06/17/20, with the lowest value was $0.6500 for the same time period, recorded on 03/18/20.
Salem Media Group Inc. (SALM) full year performance was -28.09%
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, Salem Media Group Inc. shares are logging -51.15% during the 52-week period from high price, and 96.92% 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 $0.65 and $2.62.
The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 4236966 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Salem Media Group Inc. (SALM) recorded performance in the market was -11.11%, having the revenues showcasing 23.08% 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 25.20M, as it employees total of 1133 workers.
Salem Media Group Inc. (SALM) in the eye of market guru’s
During the last month, 0 analysts gave the Salem Media Group Inc. 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 1.1632, with a change in the price was noted +0.4149. In a similar fashion, Salem Media Group Inc. posted a movement of +47.96% for the period of last 100 days, recording 1,245,774 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 SALM is recording 1.77 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.62.
Salem Media Group Inc. (SALM): Stocks Technical analysis and Trends
Raw Stochastic average of Salem Media Group Inc. in the period of last 50 days is set at 26.71%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 86.00%. In the last 20 days, the company’s Stochastic %K was 54.48% and its Stochastic %D was recorded 30.79%.
If we look into the earlier routines of Salem Media Group Inc., 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 -11.11%. Additionally, trading for the stock in the period of the last six months notably improved by 25.49%, alongside a downfall of -28.09% for the period of the last 12 months. The shares increased approximately by 39.10% in the 7-day charts and went up by -13.51% in the period of the last 30 days. Common stock shares were driven by 23.08% during last recorded quarter.