Let’s start up with the current stock price of Salem Media Group Inc. (SALM), which is $2.83 to be very precise. The Stock rose vividly during the last session to $3.17 after opening rate of $1.80 while the lowest price it went was recorded $1.77 before closing at $1.82.
Recently in News on January 19, 2021, Josh Hawley Signs with Regnery after Simon & Schuster Cancels Book. Salem Media Group, Inc. (NASDAQ: SALM) announced today that Regnery Publishing, a Salem Media Group company, has picked up Senator Josh Hawley’s The Tyranny of Big Tech after its cancelation last week by Simon & Schuster. Accusing Hawley of complicity in the storming of the U.S. Capitol on January 6, the New York–based publishing conglomerate made the Missouri Republican one of the highest-profile victims of the “cancel culture.” Regnery will publish the senator’s book in the summer of 2021. You can read further details here
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Salem Media Group Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.17 on 02/09/21, with the lowest value was $1.04 for the same time period, recorded on 01/04/21.
Salem Media Group Inc. (SALM) full year performance was 111.19%
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 8.02% during the 52-week period from high price, and 335.38% 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 9408700 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 172.12%, having the revenues showcasing 214.44% 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 72.22M, as it employees total of 1133 workers.
Market experts do have their say about 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 1.16, with a change in the price was noted +1.69. In a similar fashion, Salem Media Group Inc. posted a movement of +148.25% for the period of last 100 days, recording 861,633 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.
Technical breakdown of Salem Media Group Inc. (SALM)
Raw Stochastic average of Salem Media Group Inc. in the period of last 50 days is set at 84.26%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 81.72%. In the last 20 days, the company’s Stochastic %K was 65.72% and its Stochastic %D was recorded 58.18%.
Bearing in mind the latest performance of Salem Media Group Inc., several 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 172.12%. Additionally, trading for the stock in the period of the last six months notably improved by 74.69%, alongside a boost of 111.19% for the period of the last 12 months. The shares increased approximately by 73.62% in the 7-day charts and went down by 121.09% in the period of the last 30 days. Common stock shares were driven by 214.44% during last recorded quarter.