Cumulus Media Inc (NASDAQ:CMLS) has a beta value of 1.18 and has seen 1.18 million shares traded in the recent trading session. The company, currently valued at $22.17M, closed the recent trade at $0.49 per share which meant it gained $0.05 on the day or 10.84% during that session. The CMLS stock price is -636.73% off its 52-week high price of $3.61 and 16.33% above the 52-week low of $0.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.55 million shares traded. The 3-month trading volume is 127.58K shares.
The consensus among analysts is that Cumulus Media Inc (CMLS) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -1.25.
Cumulus Media Inc (NASDAQ:CMLS) trade information
Sporting 10.84% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the CMLS stock price touched $0.49 or saw a rise of 10.5%. Year-to-date, Cumulus Media Inc shares have moved -26.88%, while the 5-day performance has seen it change 0.31%. Over the past 30 days, the shares of Cumulus Media Inc (NASDAQ:CMLS) have changed -14.05%. Short interest in the company has seen 0.16 million shares shorted with days to cover at 2.88.
Cumulus Media Inc (CMLS) estimates and forecasts
The company’s shares have lost -64.76% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -4.59%.
2 analysts offering their estimates for the company have set an average revenue estimate of 190.1M for the current quarter. 2 have an estimated revenue figure of 196.2M for the next ending quarter. Year-ago sales stood 200.05M and 204.85M respectively for this quarter and the next, and analysts expect sales will shrink by -4.98% for the current quarter and -4.59% for the next. Earnings growth for 2025 is a modest 82.85% while over the next 5 years, the company’s earnings are expected to increase by 46.09%.
CMLS Dividends
Cumulus Media Inc is expected to release its next earnings report on 2025-Feb-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cumulus Media Inc (NASDAQ:CMLS)’s Major holders
Insiders own 16.96% of the company shares, while shares held by institutions stand at 39.28% with a share float percentage of 47.30%. Investors are also buoyed by the number of investors in a company, with Cumulus Media Inc having a total of 47.0 institutions that hold shares in the company. The top two institutional holders are ZAZOVE ASSOCIATES LLC with over 1.46 million shares worth more than $2.98 million. As of 2024-06-30, ZAZOVE ASSOCIATES LLC held 8.7407% of shares outstanding.
The other major institutional holder is CAPITAL WORLD INVESTORS, with the holding of over 0.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.59 million and represent 4.671% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are AMERICAN HIGH INCOME TRUST and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund. As of Dec 31, 2024, the former fund manager holds about 3.32% shares in the company for having 561.84 shares of worth $0.26 million while later fund manager owns 422.7 shares of worth $0.2 million as of Dec 31, 2024, which makes it owner of about 2.50% of company’s outstanding stock.
