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Sunday, April 2, 2023

An Evaluation Of Audacy Inc. (NYSE: AUD) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Audacy Inc. (AUD) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $0.145. The Audacy Inc. has recorded 4,386 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Audacy, Inc. to Report 2022 Fourth Quarter Financial Results, Host Conference Call on March 15.

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Stocks Info

AUD belongs to the Communication Services sector of the NYSE while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $0.14 and fluctuated between $0.1580 as its day high and $0.1425 as its day low. The current market capitalization of Audacy Inc. is $20.52M. A total of 1.01 million shares were traded on the day, compared to an average of 916.80K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AUD has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 300,000 and the disposition of 9,055 shares. Over the last 12 months, there were 24 BUYs and 14 SELLs from insiders. Insiders purchased 2,460,058 shares during that period but sold 189,106.

In the most recent transaction, Crowley John David bought 100,004 shares of AUD for 0.30 per share on Nov 30. After the transaction, the EVP & Chief Digital Officer now owns 468,756 company shares. In a previous transaction on Sep 23, FIELD DAVID J bought 49,175 shares at 0.41 per share. AUD shares that Chairman, President and CEO owns now total 1,944,388.

Among the insiders who bought shares, FIELD DAVID J acquired of 48,491 shares on Sep 21 at a per-share price of $0.43. This resulted in the Chairman, President and CEO holding 1,895,163 shares of AUD after the transaction. In another insider transaction, FIELD DAVID J bought 50,000 shares at $0.41 per share on Sep 20. Company shares held by the Chairman, President and CEO now total 1,846,672.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AUD in the last 3 months, the mean price target is $0.44 with high estimates of $1.00 and low estimates of $0.00. In terms of 52-week highs and lows, AUD has a high of $3.36 and a low of $0.13.

As of this writing, AUD has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.02. The company reported an EPS of -$0.01 in the last quarter, which was -133.30% lower than expectations of $0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 4 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AUD is Buy with a score of 3.00. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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