Stock Of Urban One Inc. (NASDAQ: UONEK) Dropped By -42.92 Percent Over The Past Month, Is There Room For Downside?

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Urban One Inc. (NASDAQ:UONEK)’s traded shares stood at 0.37 million during the last session, with the company’s beta value hitting 1.11. At the close of trading, the stock’s price was $3.83, to imply an increase of 1.59% or $0.06 in intraday trading. The UONEK share’s 52-week high remains $7.59, putting it -98.17% down since that peak but still an impressive 71.8% since price per share fell to its 52-week low of $1.08. The company has a valuation of $207.32M, with an average of 0.17 million shares in intraday trading volume over the past 10 days and average of 223.46K shares over the past 3 months.

After registering a 1.59% upside in the last session, Urban One Inc. (UONEK) has traded red over the past five days. The stock hit a weekly high of 4.44 this Friday, 11/19/21, jumping 1.59% in its intraday price action. The 5-day price performance for the stock is -13.93%, and -42.92% over 30 days. With these gigs, the year-to-date price performance is 227.35%. Short interest in Urban One Inc. (NASDAQ:UONEK) saw shorts transact 0.3 million shares and set a 1.73 days time to cover.

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Analysts on Wall Street suggest a consensus price target of $6.00, implying an increase of 36.17% to the stock’s current value. The extremes give us $6.00 and $6.00 for target low and target high price respectively. As such, UONEK has been trading -56.66% off suggested target high and -56.66% from its likely low.

Urban One Inc. (UONEK) estimates and forecasts

UONEK Dividends

Urban One Inc. has its next earnings report out between November 10 and November 15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Urban One Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Urban One Inc. (NASDAQ:UONEK)’s Major holders

Urban One Inc. insiders hold 47.99% of total outstanding shares, with institutional holders owning 30.63% of the shares at 58.90% float percentage. In total, 30.63% institutions holds shares in the company, led by Zazove Associates Llc. As of Jun 29, 2021, the company held over 2.4 million shares (or 6.44% of shares), all amounting to roughly $12.06 million.

The next major institution holding the largest number of shares is Federated Hermes, Inc. with 1.05 million shares, or about 2.81% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $5.26 million.

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We also have Vanguard Total Stock Market Index Fund and Federated Hermes Opportunistic High Yield Bond Fund as the top two Mutual Funds with the largest holdings of the Urban One Inc. (UONEK) shares. Going by data provided on Jun 29, 2021, Vanguard Total Stock Market Index Fund holds roughly 0.82 million shares. This is just over 2.19% of the total shares, with a market valuation of $4.1 million. Data from the same date shows that the other fund manager holds a little less at 0.59 million, or 1.57% of the shares, all valued at about 2.95 million.