How have the shares performed?
Urban One Inc. (UONEK) saw an uptrend of 13.25% in the recent trading with $5.64 being its most recent. The current price level -17.54% lower than the highest price of $6.84 marked by the stock while trading over the past 52-weeks, whereas it is 605.00% higher than the lowest price of $0.80 the company dropped to over past 52-weeks. The latest news story on UONEK appeared in TheStreet.com under the title “Urban One Extends Gains After Progress With Virginia Casino Plan” on Jun-02-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -13.10% below one month high and is +142.46% above of the lowest during that time. Looking into the simple moving average, Urban One Inc. (UONEK)’s stock stands at a SMA-50 of $3.10 while that of 5-day is reading $5.63.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and UONEK’s SMA-200 as of now is $1.80.
Urban One Inc. Earnings – What Happened With UONEK
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $91.44 billion.
UONEK – Urban One Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 48.46 million. UONEK does have institutional investors; and they hold 19.30% of the stock.
Urban One Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, UONEK declared 202,227 shares have been sold in 8 insider transactions over the past three months.
As on Mar 30, 2021, Zazove Associates Llc was the top most holder in Urban One Inc. (NASDAQ:UONEK) with an ownership of 2.47 million shares of the company or 6.67% of the stake worth $4.32 million. The filing also reveals Vanguard Group, Inc. (The) as the second largest holder in the company with a control over 2.24% of the outstanding shares. Its stake is worth $1.45 million for having 0.83 million shares in hand.
Blackrock Inc. also came holding a key position in the company during the recent quarter and it now holds 2.09% of the outstanding shares. With this there are now 29 institutions which have possession in UONEK’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Urban One Inc. was 2.09 while posting a debt to equity ratio of 4.07. The count was 457.74 for long-term debt to equity ratio.
Urban One Inc.’s return on equity, or ROE, is 8.50%, compared to the industry average of 0.72% for Communication Services – Broadcasting. Although this indicates that UONEK uses its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Urban One Inc. (NASDAQ:UONEK) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Urban One Inc. (UONEK), we notice that the stock’s 20-day average volume is at 2,050,360 shares and 100% of short term indicators are suggesting the stock as Buy. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 997,988 shares. And to end, UONEK’s 100-day average volume is 809,247 shares with 100% of the long-term indicators pointing towards Buy for the stock.