Cumulus Media Inc (NASDAQ: CMLS) is -24.18% lower on its value in year-to-date trading and has touched a low of $0.41 and a high of $3.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMLS stock was last observed hovering at around $0.48 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.51, the stock is 3.69% and -29.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 5.83% at the moment leaves the stock -57.73% off its SMA200. CMLS registered -85.10% loss for a year compared to 6-month loss of -64.97%. The firm has a 50-day simple moving average (SMA 50) of $0.7227 and a 200-day simple moving average (SMA200) of $1.20181.
The stock witnessed a -43.74% gain in the last 1 month and extending the period to 3 months gives it a -30.79%, and is 14.70% 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 14.62% over the week and 19.78% over the month.
Cumulus Media Inc (CMLS) has around 3106 employees, a market worth around $21.12M and $827.08M in sales. Profit margin for the company is -34.25%. Distance from 52-week low is 23.90% and -86.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.02%).
The EPS is expected to grow by 82.85% this year
50.0 institutions hold shares in Cumulus Media Inc (CMLS), with institutional investors hold 48.05% of the company’s shares. The shares outstanding are 16.72M, and float is at 12.13M with Short Float at 1.31%. Institutions hold 39.33% of the Float.
The top institutional shareholder in the company is ZAZOVE ASSOCIATES LLC with over 1.46 million shares valued at $2.98 million. The investor’s holdings represent 8.7407 of the CMLS Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL WORLD INVESTORS with 0.78 million shares valued at $1.59 million to account for 4.671 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 0.68 million shares representing 4.0542 and valued at over $1.38 million, while DIMENSIONAL FUND ADVISORS LP holds 3.2949 of the shares totaling 0.55 million with a market value of $1.12 million.
