For the readers interested in the stock health of Salem Media Group Inc. (SALM). It is currently valued at $1.42. When the transactions were called off in the previous session, Stock hit the highs of $1.5223, after setting-off with the price of $1.28. Company’s stock value dipped to $1.28 during the trading on the day. When the trading was stopped its value was $1.28.
Recently in News on January 11, 2021, Salem Media Group, Inc. Announces Promotion of Angenette Natkowski to Director of Sales in Chicago. Salem Media Group, Inc. (NASDAQ: SALM) announced today the promotion of Angenette Natkowski to Director of Sales in Salem’s Chicago cluster. In this newly created position, Angenette will continue her laser focus on AM 560 the Answer/WIND and Salem Surround Chicago with additional responsibility for AM 1160 Hope For Your Life/WYLL. 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 $1.5223 on 01/11/21, with the lowest value was $1.0400 for the same time period, recorded on 01/04/21.
Salem Media Group Inc. (SALM) full year performance was -8.40%
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 -45.80% during the 52-week period from high price, and 118.46% 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 1125447 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 36.54%, having the revenues showcasing 44.72% 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 34.95M, as it employees total of 1133 workers.
Specialists analysis on Salem Media Group Inc. (SALM)
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.0309, with a change in the price was noted +0.2600. In a similar fashion, Salem Media Group Inc. posted a movement of +22.41% for the period of last 100 days, recording 927,842 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 1.75 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.62.
Trends and Technical analysis: Salem Media Group Inc. (SALM)
Raw Stochastic average of Salem Media Group Inc. in the period of last 50 days is set at 86.17%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 80.03%. In the last 20 days, the company’s Stochastic %K was 75.04% and its Stochastic %D was recorded 75.66%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 36.54%. Additionally, trading for the stock in the period of the last six months notably improved by 56.04%, alongside a downfall of -8.40% for the period of the last 12 months. The shares increased approximately by 24.56% in the 7-day charts and went down by 27.93% in the period of the last 30 days. Common stock shares were driven by 44.72% during last recorded quarter.