Do Salem Media Group Inc. (SALM) beta value of 1.62 signposts another twist?

At the end of the latest market close, Salem Media Group Inc. (SALM) was valued at $1.00. In that particular session, Stock kicked-off at the price of $1.01 while reaching the peak value of $1.09 and lowest value recorded on the day was $1.01. The stock current value is $1.06.

Recently in News on October 12, 2020, America’s Forgotten to Have Exclusive World Premiere on SalemNow. Salem Media Group, Inc. (NASDAQ: SALM) today announced it is premiering the film “America’s Forgotten” on its SalemNow platform. With reviews calling it “Explosive” (Newsweek) and “Revolutionary” (Daily Wire), “America’s Forgotten” is the stunning new documentary on illegal immigration, by award winning filmmaker Namrata Singh Gujral. You can read further details here


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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 -31.17%

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 -59.54% during the 52-week period from high price, and 63.08% 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 1400972 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 Salem Media Group Inc. (SALM) recorded performance in the market was -26.39%, having the revenues showcasing -47.52% 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 28.33M, 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 1.2132, with a change in the price was noted +0.1602. In a similar fashion, Salem Media Group Inc. posted a movement of +17.80% for the period of last 100 days, recording 1,624,491 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 25.00%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 51.90%. In the last 20 days, the company’s Stochastic %K was 42.53% and its Stochastic %D was recorded 40.03%.

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 -26.39%. Additionally, trading for the stock in the period of the last six months notably improved by 22.53%, alongside a downfall of -31.17% for the period of the last 12 months. The shares increased approximately by 5.68% in the 7-day charts and went down by 13.54% in the period of the last 30 days. Common stock shares were lifted by -47.52% during last recorded quarter.

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