Cumulus Media Inc (NASDAQ:CMLS)’s traded shares stood at 0.46 million during the latest session, with the company’s beta value hitting 1.16. At the last check today, the stock’s price was $0.43, to imply a decrease of -3.82% or -$0.02 in intraday trading. The CMLS share’s 52-week high remains $3.78, putting it -779.07% down since that peak but still an impressive 4.65% since price per share fell to its 52-week low of $0.41. The company has a valuation of $19.32M, with an average of 0.18 million shares in intraday trading volume over the past 10 days and average of 69.74K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Cumulus Media Inc (CMLS), translating to a mean rating of 3.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CMLS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -1.25.
Cumulus Media Inc (NASDAQ:CMLS) trade information
After registering a -3.82% downside in the latest session, Cumulus Media Inc (CMLS) has traded red over the past five days. The 5-day price performance for the stock is 2.40%, and -53.60% over 30 days. With these gigs, the year-to-date price performance is -35.81%. Short interest in Cumulus Media Inc (NASDAQ:CMLS) saw shorts transact 99989.0 shares and set a 3.52 days time to cover.
Cumulus Media Inc (CMLS) estimates and forecasts
The rating firms project that company’s revenue will shrink -4.59% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 190.1M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 196.2M.Earnings reports from the last fiscal year show that sales brought in 200.05M and 204.85M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.98% before dropping -4.22% in the following quarter.
CMLS Dividends
Cumulus Media Inc has its next earnings report out on 2025-Feb-26. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Cumulus Media Inc (NASDAQ:CMLS)’s Major holders
Cumulus Media Inc insiders hold 18.14% of total outstanding shares, with institutional holders owning 39.33% of the shares at 48.05% float percentage. In total, 39.33% institutions holds shares in the company, led by ZAZOVE ASSOCIATES LLC. As of 2024-06-30, the company held over 1.46 million shares (or 8.7407% of shares), all amounting to roughly $2.98 million.
The next major institution holding the largest number of shares is CAPITAL WORLD INVESTORS with 0.78 million shares, or about 4.671% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.59 million.
We also have AMERICAN HIGH INCOME TRUST and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Cumulus Media Inc (CMLS) shares. Going by data provided on Dec 31, 2024 , AMERICAN HIGH INCOME TRUST holds roughly 561.84 shares. This is just over 3.32% of the total shares, with a market valuation of $0.24 million. Data from the same date shows that the other fund manager holds a little less at 422.7, or 2.50% of the shares, all valued at about 0.18 million.
