In the last trading session, 6,790,658 Urban One, Inc. (NASDAQ:UONE) shares changed hands as the company’s beta touched 0. With the company’s per share price at $8.98 changed hands at -$0.86 or -0.09% during last session, the market valuation stood at $275.14 Million. UONE’s last price was a discount, traded about -247.66% off its 52-week high of $31.22. The share price had its 52-week low at $3.23, which suggests the last value was 64.03% up since then. When we look at Urban One, Inc.’s average trading volume, we note the 10-day average is 12.5 Million shares, with the 3-month average coming to 4.9 Million.
Analysts gave the Urban One, Inc. (UONE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 0. If we narrow down to specifics, the data shows that none out of 1 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended UONE as a Hold, 1 felt it is a Buy and none rated the stock as Underweight.
Urban One, Inc. (NASDAQ:UONE) trade information
Although UONE has turned red as seen at the end of in last trading. With action -8.74%, the performance over the past five days has been red. The jump to weekly highs of $21.15 on Tuesday, Jun 15 added 57.54% to the stock’s daily price. The company’s shares are showing year-to-date upside of 1.13%, with the 5-day performance at -0.57% in the red. However, in the 30-day time frame, Urban One, Inc. (NASDAQ:UONE) is 0.08% up. Looking at the short shares, we see there were 138.57 Million shares sold at short interest cover period of 28.28 days.
The consensus price target for the stock as assigned by Wall Street analysts is $6, meaning bulls need a downside of -33.18% from its current market value. According to analyst projections, UONE’s forecast low is $6 with $6 as the target high. To hit the forecast high, the stock’s price needs a -33.18% upsurge from its current level, while the stock would need to tank -33.18% for it to hit the projected low.
Urban One, Inc. (UONE) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Urban One, Inc. earnings to decrease by 0%, but the outlook for the next 5-year period is at 0% per year.
Urban One, Inc. (NASDAQ:UONE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.16% of Urban One, Inc. shares while 21.77% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.8%. There are 25 institutions holding the Urban One, Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 1.33% of the shares, roughly 109.74 Thousand UONE shares worth $591.47 Thousand.
Acadian Asset Management. LLC holds the second largest percentage of outstanding shares, with 1.21% or 99.24 Thousand shares worth $534.91 Thousand as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund. With 96713 shares estimated at $521.28 Thousand under it, the former controlled 1.18% of total outstanding shares. On the other hand, Fidelity Extended Market Index Fund held about 0.27% of the shares, roughly 21.98 Thousand shares worth around $118.49 Thousand.