Salem Media Group Inc. (NASDAQ:SALM) has a beta of 1.48, a 12-month trailing P/E ratio of 47.96, and a growth ratio of 6.85. The stock’s Relative Strength Index (RSI) is 71.06, with weekly volatility at 12.24% and ATR at 0.20. The SALM stock’s 52-week price range has touched low of $0.78 and a $3.94 high. Its shares traded higher over the last trading session, gaining 0.39% on 06/03/21. The shares fell to a low of $2.48 before closing at $2.59. Intraday shares traded counted 0.72 million, which was -68.77% lower than its 30-day average trading volume of 428.22K. SALM’s previous close was $2.58 while the outstanding shares total 26.74M.
Investors have identified the Broadcasting company Salem Media Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $69.59 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Salem Media Group Inc. (SALM) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 58.11 million total, with 49.28 million as their total liabilities.
SALM were able to record 7.34 million as free cash flow during the 08/12/2021 quarter of the year, this saw their quarterly net cash flow reduce by 17.07 million. In cash movements, the company had a total of 9.2 million as operating cash flow.
Potential earnings growth for Salem Media Group Inc. (SALM)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/12/2021 quarter of the year, Salem Media Group Inc. recorded a total of 59.35 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 1.86% coming in sequential stages and their sales for the 08/12/2021 quarter reducing by -8.63%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 47.22 million trying to sell their products during the last quarter, with the result yielding a gross income of 12.13 million. This allows shareholders to hold on to 26.74M with the recently reported earning now reading 0.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/12/2021 (0.01 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.13 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SALM sounds very interesting.
Is the stock of SALM attractive?
In related news, President – Broadcast Media, Santrella David P sold 2,030 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 3.34, for a total value of 6,776. As the sale deal closes, the President – Broadcast Media, Santrella David P now sold 12,254 shares of the company’s stock, valued at 40,283. Also, President – Broadcast Media, Santrella David P sold 5,716 shares of the company’s stock in a deal that was recorded on Mar 10. The shares were price at an average price of 3.27 per share, with a total market value of 18,699. Following this completion of acquisition, the EVP, General Counsel & Secy, Henderson Christopher J now holds 9,679 shares of the company’s stock, valued at 27,134. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.