Salem Media Group Inc. (NASDAQ: SALM) is 36.54% higher on its value in year-to-date trading and has touched a low of $0.65 and a high of $2.62 in the current 52-week trading range. The SALM stock was last observed hovering at around $1.28 in the last trading session, with the day’s gains setting it 0.14%.
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Currently trading at $1.42, the stock is 30.01% and 37.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 10.94% at the moment leaves the stock 31.61% off its SMA200. SALM registered -8.40% loss for a year compared to 6-month gain of 56.04%. The firm has a 50-day simple moving average (SMA 50) of $2.77% and a 200-day simple moving average (SMA200) of $1.43M.
The stock witnessed a 27.93% loss in the last 1 month and extending the period to 3 months gives it a 44.72%, and is 24.56% 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 11.06% over the week and 6.04% over the month.
Salem Media Group Inc. (SALM) has around 1133 employees, a market worth around $34.95M and $236.40M in sales. Profit margin for the company is -26.20%. Distance from 52-week low is 118.46% and -45.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.50%).
Salem Media Group Inc. (SALM) Analyst Forecasts
Salem Media Group Inc. quarterly earnings per share for the current quarter are estimated at $0.03 with sales reaching $62.4M over the same period.The EPS is expected to shrink by -761.50% this year, but quarterly earnings will post -7.80% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
Salem Media Group Inc. (SALM) Top Institutional Holders
36 institutions hold shares in Salem Media Group Inc. (SALM), with 12.65M shares held by insiders accounting for 47.39% while institutional investors hold 18.73% of the company’s shares. The shares outstanding are 26.68M, and float is at 11.12M with Short Float at 6.65%. Institutions hold 9.85% of the Float.
The top institutional shareholder in the company is Gamco Investors Inc with over 0.37 million shares valued at $0.34 million. The investor’s holdings represent 1.75% of the SALM Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 0.34 million shares valued at $0.31 million to account for 1.61% of the shares outstanding. The other top investors are Blackrock Inc. which holds 0.34 million shares representing 1.59% and valued at over $0.31 million, while Bridgeway Capital Management, Inc. holds 1.12% of the shares totaling 0.24 million with a market value of $0.22 million.
Salem Media Group Inc. (SALM) Insider Activity
A total of 3 insider transactions have happened at Salem Media Group Inc. (SALM) in the last six months, with sales accounting for 3 and purchases happening 0 times. The most recent transaction is an insider sale by EVANS DAVID, the company’s President – New Media. SEC filings show that EVANS DAVID sold 5,700 shares of the company’s common stock on Aug 11 at a price of $1.65 per share for a total of $9406.0. Following the sale, the insider now owns 7502.0 shares.
Salem Media Group Inc. disclosed in a document filed with the SEC on Aug 10 that Henderson Christopher J (EVP, General Counsel & Secy) sold a total of 10,476 shares of the company’s common stock. The trade occurred on Aug 10 and was made at $1.64 per share for $17194.0. Following the transaction, the insider now directly holds 0.0 shares of the SALM stock.
Still, SEC filings show that on Aug 10, EVANS DAVID (President – New Media) disposed off 19,300 shares at an average price of $1.65 for $31870.0. The insider now directly holds 13,202 shares of Salem Media Group Inc. (SALM).
Salem Media Group Inc. (SALM): Who are the competitors?
The company’s main competitors (and peers) include Entravision Communications Corporation (EVC) that is trading 34.51% up over the past 12 months.