Cumulus Media Inc. (NASDAQ:CMLS – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 187,600 shares, a decline of 14.0% from the July 15th total of 218,100 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average daily trading volume, of 36,500 shares, the days-to-cover ratio is currently 5.1 days.
Cumulus Media Price Performance
NASDAQ CMLS traded up $0.08 during trading hours on Friday, reaching $1.64. The company’s stock had a trading volume of 18,842 shares, compared to its average volume of 52,878. The firm has a market capitalization of $27.69 million, a price-to-earnings ratio of -0.25 and a beta of 1.47. Cumulus Media has a 1-year low of $1.29 and a 1-year high of $5.51. The company has a debt-to-equity ratio of 3.22, a current ratio of 1.98 and a quick ratio of 1.98. The company’s 50-day moving average is $1.90 and its two-hundred day moving average is $2.79.
Cumulus Media (NASDAQ:CMLS – Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The company reported ($0.68) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.19). The business had revenue of $204.85 million during the quarter, compared to analyst estimates of $206.00 million. Cumulus Media had a negative return on equity of 16.78% and a negative net margin of 13.18%. During the same period in the previous year, the company posted ($0.06) EPS. On average, equities analysts predict that Cumulus Media will post -1.91 EPS for the current year.
Institutional Investors Weigh In On Cumulus Media
Wall Street Analysts Forecast Growth
Separately, StockNews.com began coverage on Cumulus Media in a report on Saturday. They issued a “hold” rating for the company.
Check Out Our Latest Analysis on Cumulus Media
Cumulus Media Company Profile
Cumulus Media Inc, an audio-first media company, owns and operates radio stations in the United States. It owns and operates stations in various markets, as well as affiliated stations through Westwood One. The company's content portfolio includes sports, news, talk, and entertainment programming from various brands, including the NFL, the NCAA, the Masters, CNN, AP News, the Academy of Country Music Awards, and other partners.
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