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Cumulus Media Inc. (NASDAQ: CMLS): To Buy Or Not To Buy?

Cumulus Media Inc. (NASDAQ:CMLS) shares, rose in value on Friday, 05/13/22, with the stock price down by -3.25% to the previous day’s close as strong demand from buyers drove the stock to $12.82.

Actively observing the price movement in the last trading, the stock closed the session at $13.25, falling within a range of $12.80 and $13.74. The value of beta (5-year monthly) was 2.08 whereas the PE ratio was 17.00 over 12-month period. Referring to stock’s 52-week performance, its high was $15.67, and the low was $9.42. On the whole, CMLS has fluctuated by 26.18% over the past month.

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With the market capitalization of Cumulus Media Inc. currently standing at about $264.48 million, investors are eagerly awaiting this quarter’s results, scheduled for Feb 21, 2022 – Feb 25, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.64, which is expected to increase to -$0.42 for fiscal year $0.61 and then to about $2.2 by fiscal year 2022. Data indicates that the EPS growth is expected to be 124.30% in 2022, while the next year’s EPS growth is forecast to be 260.70%.

Analysts have estimated the company’s revenue for the quarter at $253.51 million, with a low estimate of $252.3 million and a high estimate of $255 million. According to the average forecast, sales growth in current quarter could jump up 3.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $917.7 million, representing an increase of 12.40% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CMLS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

3 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 0 analyst(s), 3 recommend it as a Buy and 0 called the CMLS stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Buy.

The stock’s technical analysis shows that the PEG ratio is about 1.70, with the price of CMLS currently trading nearly -11.02% and 7.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.06, while the 7-day volatility ratio is showing 6.20% which for the 30-day chart, stands at 7.49%. Furthermore, Cumulus Media Inc. (CMLS)’s beta value is 1.46, and its average true range (ATR) is 0.86. The company’s stock has been forecasted to trade at an average price of $26.00 over the course of the next 52 weeks, with a low of $21.00 and a high of $30.00. Based on these price targets, the low is -63.81% off current price, whereas the price has to move -134.01% to reach the yearly target high. Additionally, analysts’ median price of $27.00 is likely to be welcomed by investors because it represents a decrease of -110.61% from the current levels.

Data on historical trading for Cumulus Media Inc. (NASDAQ:CMLS) indicates that the trading volumes over the past 3 months, they’ve averaged 130.97K. According to company’s latest data on outstanding shares, there are 20.53 million shares outstanding.

Nearly 5.30% of Cumulus Media Inc.’s shares belong to company insiders and institutional investors own 73.40% of the company’s shares. The stock has risen by 13.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMLS stock heading into the next quarter.

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