Urban One Inc. (UONEK) Stock Could Soon Reward Patient Investors

Urban One Inc. (NASDAQ: UONEK) is 51.28% higher on its value in year-to-date trading and has touched a low of $0.56 and a high of $6.84 in the current 52-week trading range. The UONEK stock was last observed hovering at around $1.25 in the last trading session, with the day’s gains setting it 0.52% off its average median price target of $6.00 for the next 12 months. It is also 70.5% off the consensus price target high of $6.00 offered by 1 analysts, but current levels are 70.5% higher than the price target low of $6.00 for the same period.

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Currently trading at $1.77, the stock is 40.92% and 49.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.51 million and changing 41.60% at the moment leaves the stock 43.89% off its SMA200. UONEK registered -6.84% loss for a year compared to 6-month loss of -1.67%. The firm has a 50-day simple moving average (SMA 50) of $1.2715 and a 200-day simple moving average (SMA200) of $1.3389.

The stock witnessed a 24.65% gain in the last 1 month and extending the period to 3 months gives it a 52.59%, and is 51.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.27% over the week and 7.39% over the month.

Urban One Inc. (UONEK) has around 999 employees, a market worth around $116.04M and $368.60M in sales. Profit margin for the company is -11.50%. Distance from 52-week low is 214.95% and -74.12% from its 52-week high. The company has generated returns on investments over the last 12 months (7.20%).

Urban One Inc. (UONEK) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Urban One Inc. (UONEK) is a “Buy”. 1 analysts offering their recommendations for the stock, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Urban One Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -99.30% this year.

Urban One Inc. (UONEK) Top Institutional Holders

27 institutions hold shares in Urban One Inc. (UONEK), with 22.11M shares held by insiders accounting for 48.06% while institutional investors hold 32.81% of the company’s shares. The shares outstanding are 44.18M, and float is at 20.96M with Short Float at 0.45%. Institutions hold 17.04% of the Float.

The top institutional shareholder in the company is Zazove Associates Llc with over 1.7 million shares valued at $1.98 million. The investor’s holdings represent 4.52% of the UONEK Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 1.0 million shares valued at $1.17 million to account for 2.68% of the shares outstanding. The other top investors are Blackrock Inc. which holds 0.99 million shares representing 2.63% and valued at over $1.15 million, while Renaissance Technologies, LLC holds 2.37% of the shares totaling 0.89 million with a market value of $1.04 million.

Urban One Inc. (UONEK) Insider Activity

A total of 5 insider transactions have happened at Urban One Inc. (UONEK) in the last six months, with sales accounting for 0 and purchases happening 5 times.

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Urban One Inc. (UONEK): Who are the competitors?

The company’s main competitors (and peers) include Salem Media Group Inc. (SALM) that is trading -21.25% down over the past 12 months. Short interest in the company’s stock has fallen -912.43% from the last report on Nov 12, 2020 to stand at a total of 0.95 million short shares sold with a short interest ratio of 0.09.

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