23-Aug-2024
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Globe Newswire (Fri, 23-Aug 12:38 PM ET)
Cumulus Media's Westwood One Presents National Audio Coverage of the 2024 College Football Season
Globe Newswire (Tue, 20-Aug 12:47 PM ET)
Cumulus Media Announces Leadership Changes to the Cumulus Podcast Network
Globe Newswire (Thu, 15-Aug 9:44 AM ET)
The Dan Bongino Show Podcast Audience Numbers Surge
Globe Newswire (Thu, 8-Aug 5:36 PM ET)
Cumulus Media Reports Operating Results for the Second Quarter 2024
Globe Newswire (Fri, 2-Aug 8:01 AM ET)
JD Vance to Be on "The Dan Bongino Show" Today During 2-3:00 p.m. ET Hour
Globe Newswire (Wed, 31-Jul 1:04 PM ET)
Cumulus Media Announces Conference Call to Discuss Second Quarter 2024 Operating Results
Globe Newswire (Fri, 19-Jul 4:01 PM ET)
Bongino Report Early Edition With Evita(SM) Joins The Cumulus Podcast Network
Globe Newswire (Tue, 16-Jul 11:33 AM ET)
Globe Newswire (Sun, 14-Jul 4:38 PM ET)
Mark Levin Extends Contract With Westwood One
Globe Newswire (Tue, 2-Jul 10:14 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 August 23, 2024, CMLS stock price was flat at $1.65 with 52,188 million shares trading.
CMLS has a beta of 1.06, meaning it tends to be more sensitive to market movements. CMLS has a correlation of 0.05 to the broad based SPY ETF.
CMLS has a market cap of $27.86 million. This is considered a Sub-Micro Cap stock.
Last quarter Cumulus Media - Class A reported $205 million in Revenue and -$.68 earnings per share. This fell short of revenue expectation by $-1 million and missed earnings estimates by -$.20.
In the last 3 years, CMLS stock traded as high as $15.67 and as low as $1.29.
The top ETF exchange traded funds that CMLS belongs to (by Net Assets): VTI, VXF, DFAT, AVUV, DFAS.
CMLS has underperformed the market in the last year with a return of -62.9%, while the SPY ETF gained +28.4%. In the last 3 month period, CMLS fell short of the market, returning -35.8%, while SPY returned +7.2%. However, in the most recent 2 weeks CMLS has outperformed the stock market by returning +9.3%, while SPY returned +5.5%.
CMLS support price is $1.53 and resistance is $1.77 (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.