Urban One Inc (NASDAQ: UONE) Has Dropped -67.09% So Far This Year. Does That Mean Trouble Ahead?

During the recent session, Urban One Inc (NASDAQ:UONE)’s traded shares were 0.81 million, with the beta value of the company hitting 0.92. At the last check today, the stock’s price was $1.42, reflecting an intraday loss of -1.97% or -$0.03. The 52-week high for the UONE share is $4.53, that puts it down -219.01 from that peak though still a striking 13.38% gain since the share price plummeted to a 52-week low of $1.23. The company’s market capitalization is $53.08M, and the average intraday trading volume over the past 10 days was 48910.0 shares, and the average trade volume was 48.28K shares over the past three months.

Urban One Inc (NASDAQ:UONE) trade information

Urban One Inc (UONE) registered a -1.97% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.97% in intraday trading to $1.42, hitting a weekly high. The stock’s 5-day price performance is -5.23%, and it has moved by 6.08% in 30 days. Based on these gigs, the overall price performance for the year is -67.09%. The short interest in Urban One Inc (NASDAQ:UONE) is 28394.0 shares and it means that shorts have 0.55 day(s) to cover.

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An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -57.27%.

UONE Dividends

Urban One Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Urban One Inc (NASDAQ:UONE)’s Major holders

Urban One Inc insiders own 12.64% of total outstanding shares while institutional holders control 33.48%, with the float percentage being 38.33%. ZAZOVE ASSOCIATES LLC is the largest shareholder of the company, while 60.0 institutions own stock in it. As of 2024-06-30, the company held over 0.56 million shares (or 1.1591% of all shares), a total value of $1.12 million in shares.

The next largest institutional holding, with 0.29 million shares, is of DIMENSIONAL FUND ADVISORS LP’s that is approximately 0.5993% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.58 million.

Also, the Mutual Funds coming in first place with the largest holdings of Urban One Inc (UONE) shares are Vanguard Extended Market Index Fund and DFA U.S. Small Cap Value Series. Data provided on Jun 30, 2024 indicates that Vanguard Extended Market Index Fund owns about 221.69 shares. This amounts to just over 2.71 percent of the company’s overall shares, with a $0.31 million market value. The same data shows that the other fund manager holds slightly less at 112.93, or about 1.38% of the stock, which is worth about $0.16 million.