Salem Media Group, Inc. (NASDAQ:SALM) has a beta value of 1.64 and has seen 382,971 shares traded in the last trading session. The company, currently valued at $26.95 Million, closed the last trade at $1.01 per share which meant it lost $0 on the day or 0% during that session. The SALM stock price is -159.41% off its 52-week high price of $2.62 and 35.64% above the 52-week low of $0.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 413.02 Million shares traded. The 3-month trading volume is 1.2 Million shares.
Salem Media Group, Inc. (NASDAQ:SALM) trade information
Despite being 0% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the SALM stock price touched $1.03 or saw a rise of 1.94%. Year-to-date, Salem Media Group, Inc. shares have moved -29.86%, while the 5-day performance has seen it change 6.24%. Over the past 30 days, the shares of Salem Media Group, Inc. (NASDAQ:SALM) have changed -4.72%. Short interest in the company has seen 1.66 Million shares shorted with days to cover at 1.38.
Salem Media Group, Inc. (SALM) estimates and forecasts
Figures show that Salem Media Group, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +26.25% over the past 6 months, with this year growth rate of 606.67%, compared to 2.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 150% and 93.2% for the next quarter. Revenue growth from the last financial year stood is estimated to be -8.4%.
2 analysts offering their estimates for the company have set an average revenue estimate of $62.6 Million for the current quarter. 1 have an estimated revenue figure of $60Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $64.63 Million for this quarter, and analysts expect sales will grow by -3.1% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -47.6% over the past 5 years. Earnings growth for 2020 is a modest -761.5% while over the next 5 years, the company’s earnings are expected to increase by 7%.
Salem Media Group, Inc. (NASDAQ:SALM)’s Major holders
Insiders own 47.39% of the company shares, while shares held by institutions stand at 9.92% with a share float percentage of 18.85%. Investors are also buoyed by the number of investors in a company, with Salem Media Group, Inc. having a total of 37 institutions that hold shares in the company. The top two institutional holders are Gamco Investors Inc with over 369.7 Thousand shares worth more than $338.53 Thousand. As of September 29, 2020, Gamco Investors Inc held 1.75% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 339.56 Thousand shares as of September 29, 2020. The firm’s total holdings are worth over $310.93 Thousand and represent 1.61% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Gabelli Small Cap Growth Fund. As of June 29, 2020, the former fund manager holds about 1.75% shares in the company for having 370000 shares of worth $418.1 Thousand while later fund manager owns 225Thousand shares of worth $254.25 Thousand as of June 29, 2020, which makes it owner of about 1.06% of company’s outstanding stock.