24-May-2024
CMCM, BZFD among major communication services gainers; MDIA, IHRT among losers
Seeking Alpha News (Mon, 20-May 3:02 PM ET)
Washington Spirit Announces the Club's First-Ever Radio Partnership
Globe Newswire (Wed, 15-May 10:00 AM ET)
Cumulus Media Welcomes The Candy Valentino Show to the Cumulus Podcast Network
Globe Newswire (Wed, 8-May 3:00 PM ET)
Cumulus Media Names Mike Eaby Vice President/Executive Producer of Westwood One Sports
Globe Newswire (Wed, 8-May 10:35 AM ET)
Globe Newswire (Fri, 3-May 8:01 AM ET)
Cumulus Media Announces Expiration and Final Results of Exchange Offer and Consent Solicitation
Globe Newswire (Thu, 2-May 8:47 AM ET)
Globe Newswire (Thu, 18-Apr 9:39 PM ET)
Cumulus Announces Selected Preliminary Operating Results for First Quarter 2024
Globe Newswire (Thu, 18-Apr 9:36 PM ET)
Globe Newswire (Thu, 18-Apr 8:54 AM ET)
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 May 24, 2024, CMLS stock price climbed to $2.61 with 33,100 million shares trading.
CMLS has a beta of 0.74, meaning it tends to be less sensitive to market movements. CMLS has a correlation of 0.02 to the broad based SPY ETF.
CMLS has a market cap of $43.09 million. This is considered a Sub-Micro Cap stock.
Last quarter Cumulus Media - Class A reported $200 million in Revenue and -$.85 earnings per share. This fell short of revenue expectation by $-247,000 and exceeded earnings estimates by $.47.
In the last 3 years, CMLS stock traded as high as $15.67 and as low as $2.48.
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 -18.2% while the SPY ETF gained +30.4%. CMLS has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -44.5% and -2.2%, respectively, while the SPY returned +4.6% and +1.7%, respectively.
CMLS support price is $2.44 and resistance is $2.70 (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.