Urban One Inc (NASDAQ:UONE) price on Thursday, March 28, rose 7.57% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.70.
A look at the stock’s price movement, the close in the last trading session was $2.51. The beta value (5-Year monthly) was 0.60 while the PE ratio in trailing twelve months stood at 12.12. Turning to its 52-week performance, $8.04 and $1.93 were the 52-week high and 52-week low respectively. Overall, UONE moved -17.18% over the past month.
Urban One Inc’s market cap currently stands at around $131.98 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that UONE is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
UONE’s current price about 7.51% and -15.89% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.19, while 7-day volatility ratio is 8.16% and 9.34% in the 30-day chart. Further, Urban One Inc (UONE) has a beta value of 0.91, and an average true range (ATR) of 0.20.
If we refocus on Urban One Inc (NASDAQ:UONE), historical trading data shows that trading volumes averaged 0.11 million over the past 10 days and 54.19K over the past 3 months. The company’s latest data on shares outstanding shows there are 9.85 million shares.
The 82.08% of Urban One Inc’s shares are in the hands of company insiders while institutional holders own 8.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 59280.0 on Mar 15, 2024, giving us a short ratio of 0.82. The data shows that as of Mar 15, 2024 short interest in Urban One Inc (UONE) stood at 0.12% of shares outstanding, with shares short rising to 32880.0 registered in Feb 15, 2024. Current price change has pushed the stock -33.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the UONE stock continues to rise going into the next quarter.
