BBGI Stock Summary and Trading Ideas (Beasley Broadcast Group - Class A | NASDAQ:BBGI)

Beasley Broadcast Group Inc is a multi-platform media company, whose primary business is operating radio stations throughout the United States. The Company offers local and national advertisers integrated marketing solutions across audio, digital and event platforms. The Company owns and operates stations in the following markets: Atlanta, GA, Augusta, GA, Boston, MA, Charlotte, NC, Detroit, MI, Fayetteville, NC, Fort Myers-Naples, FL, Las Vegas, NV, Middlesex, NJ, Monmouth, NJ, Morristown, NJ, Philadelphia, PA, Tampa-Saint Petersburg, FL, and Wilmington, DE. The Company currently operates three operating segments Audio, Digital and esports.

Beasley Broadcast Group - Class A trades on the NASDAQ stock market under the symbol BBGI.

As of April 19, 2024, BBGI stock price declined to $0.71 with 18,201 million shares trading.

BBGI has a beta of -0.67, meaning it tends to be less sensitive to market movements. BBGI has a correlation of 0.03 to the broad based SPY ETF.

BBGI has a market cap of $21.56 million. This is considered a Sub-Micro Cap stock.

Last quarter Beasley Broadcast Group - Class A reported $66 million in Revenue and -$.09 earnings per share. This fell short of revenue expectation by $-350,000 and missed earnings estimates by -$.02.

In the last 3 years, BBGI stock traded as high as $3.39 and as low as $.60.

The top ETF exchange traded funds that BBGI belongs to (by Net Assets): VTI, VXF.

BBGI has underperformed the market in the last year with a price return of -6.5% while the SPY ETF gained +21.2%. BBGI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -21.8% and -5.5%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

BBGI support price is $.68 and resistance is $.78 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BBGI stock will trade within this expected range on the day.