CMLS Stock Summary and Trading Ideas (Cumulus Media - Class A | NASDAQ:CMLS)

Cumulus Media Inc is an audio-first media company delivering content to over a quarter billion people every month wherever and whenever required. It is a radio broadcasting company combining high-quality local programming with iconic, nationally syndicated media, sports, and entertainment brands to deliver premium content choices to its customers and radio stations affiliated with Westwood One network and numerous digital channels. The company's revenue is derived mainly from the sale of local, regional, and national advertising which is broadcast on its radio stations.

Cumulus Media - Class A trades on the NASDAQ stock market under the symbol CMLS.

As of April 25, 2024, CMLS stock price declined to $2.68 with 13,459 million shares trading.

CMLS has a beta of 0.81, meaning it tends to be less sensitive to market movements. CMLS has a correlation of 0.03 to the broad based SPY ETF.

CMLS has a market cap of $44.24 million. This is considered a Sub-Micro Cap stock.

Last quarter Cumulus Media - Class A reported $221 million in Revenue and -$1.98 earnings per share. This beat revenue expectation by $1 million and missed earnings estimates by -$1.39.

In the last 3 years, CMLS stock traded as high as $15.67 and as low as $2.57.

The top ETF exchange traded funds that CMLS belongs to (by Net Assets): VTI, VXF, AVUV, DFAT, DFAS.

CMLS has underperformed the market in the last year with a price return of -27.6% while the SPY ETF gained +23.0%. CMLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -46.4% and -13.5%, respectively, while the SPY returned +3.5% and -2.5%, respectively.

CMLS support price is $2.54 and resistance is $2.86 (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 CMLS stock will trade within this expected range on the day.