UONE Stock Summary and Trading Ideas (Urban One - Class A | NASDAQ:UONE)

Urban One Inc is an urban oriented, multi-media company. Its business is radio broadcasting franchise that is the radio broadcasting operation that targets African-American and urban listeners. It operates through the following segments: Radio Broadcasting, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes all the broadcasting related operations. The Reach Media segment consists of the Tom Joyner Morning Show and its related activities. The Digital segment focuses on its online business, including the operations of Interactive One. The Cable Television segment deals with TV One's operations.

Urban One - Class A trades on the NASDAQ stock market under the symbol UONE.

As of April 23, 2024, UONE stock price climbed to $2.09 with 74,523 million shares trading.

UONE has a beta of 0.81, meaning it tends to be less sensitive to market movements. UONE has a correlation of 0.02 to the broad based SPY ETF.

UONE has a market cap of $102.25 million. This is considered a Micro Cap stock.

In the last 3 years, UONE stock traded as high as $24.16 and as low as $1.92.

The top ETF exchange traded funds that UONE belongs to (by Net Assets): VXF, IWM, IWN, VTWO, DFAT.

UONE has underperformed the market in the last year with a price return of -73.3% while the SPY ETF gained +24.3%. UONE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -45.4% and -13.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

UONE support price is $1.89 and resistance is $2.15 (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 UONE stock will trade within this expected range on the day.