Urban One Inc. (NASDAQ:UONEK) does about 6.07M shares in volume on a normal day but saw 6519032 shares change hands in Tuesday trading. The company now has a market cap of 83.47M USD. Its current market price is $1.30, marking an increase of 25.00% compared to the previous close of $1.04. The 52 week high reached by this stock is $6.84 whilst the lowest price level in 52 weeks is $0.56. The script in recent trading has seen the stock touch a high of $1.31 and a low of $1.06.
Urban One Inc. (UONEK) has a 20-day trading average at $1.4965 and the current price is -80.99% off the 52-week high compared with 131.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8422 and its 200-day simple moving average is $1.5671. If we look at the stock’s price movements over the week, volatility stands at 13.35%, which decreases to 8.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.00 to suggest the stock is neutral.
1 analysts observing the Urban One Inc. (UONEK) stock have set the 12-month price targets for the company’s shares at between $6.00 and $6.00. The median price target is 78.33% away from the current levels at $6.00.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is -14.28%, -29.55%, and -17.28% away from its SMA20, SMA50, and SMA200 respectively, with the UONEK price moving above the 50-day SMA on August 25. Urban One Inc. (UONEK) stock is down -10.96% over the week and -14.47% over the past month. Its price is -31.58% year-to-date and -27.78% over the past year.
The company’s next earnings report is expected on 10/29/2020.
Its 12-month price target is $6.00. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $6.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $6.00.
Outstanding shares total 44.81M with insiders holding 0.31% of the shares and institutional holders owning 37.45% of the company’s common stock. The company has a return on investment of 7.20% and return on equity of -14.10%. The beta has a value of 1.09. Price to book ratio is 0.37 and price to sales ratio is 0.22.
According to a U.S. Securities and Exchange Commission filing, DFA US Small Cap Portfolio has reduced its position in Urban One Inc. (UONEK) to 817,869 shares, mirroring a recent drop by -1.54%. DFA US Small Cap Portfolio dumped 12808.0 shares of Urban One Inc. common stock bringing its total worth to about $1.24 million at the end of recent close, SEC documents show. DFA US Small Cap Portfolio isn’t the only investment manager who changed stakes and is followed by Vanguard Total Stock Market Index, which sold off 0.0 shares to end up with 614,875 shares worth $0.93 million. DFA US Targeted Value Portfolio cut their holdings by 0.00% in the company over the course of the most recent quarter. It now holds a 0.68% position in Urban One Inc. thanks to 0.26 million shares amounting to $0.39 million.