NASDAQ:SALM

Salem Media Group (SALM) Stock Forecast, Price & News

$0.61

+0.02 (+3.39%)

(As of 09:52 AM ET)

Compare

Today's Range: $0.59
▼
$0.61
50-Day Range: $0.54
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$0.98
52-Week Range: $0.54
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$2.26

Volume: 3,978 shs
Average Volume: 35,428 shs
Market Capitalization: $16.60 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.00

Salem Media Group MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 719.7% Upside
$5.00 Price Target
Short Interest: Healthy
0.86% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.93
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.34) to ($0.01) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.33 out of 5 stars

Consumer Discretionary Sector

141st out of 276 stocks

Radio Broadcasting Stations Industry

6th out of 10 stocks

3.5

Analyst's Opinion

Consensus Rating
Salem Media Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $5.00, Salem Media Group has a forecasted upside of 719.7% from its current price of $0.61.
Amount of Analyst Coverage
Salem Media Group has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.86% of the float of Salem Media Group has been sold short.
Short Interest Ratio / Days to Cover
Salem Media Group has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Salem Media Group has recently increased by 12.43%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Salem Media Group does not currently pay a dividend.
Dividend Growth
Salem Media Group does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SALM.

3.3

News and Social Media Coverage

News Sentiment
Salem Media Group has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Salem Media Group this week, compared to 1 article on an average week.
Search Interest
2 people have searched for SALM on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added Salem Media Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Salem Media Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
54.61% of the stock of Salem Media Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 12.51% of the stock of Salem Media Group is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Salem Media Group are expected to grow in the coming year, from ($0.34) to ($0.01) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Salem Media Group is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Salem Media Group is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Salem Media Group has a P/B Ratio of 0.09. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Salem Media Group (NASDAQ:SALM) Stock

Salem Media Group, Inc. operates as a multimedia company in the United States. It operates through three segments: Broadcast, Digital Media, and Publishing. The company owns and operates 33 FM radio stations and 70 radio stations; offers programs on the Family Talk Christian-themed talk format station on SiriusXM Channel 131; provides programming to Christian and family-themed talk stations, music stations, and news talk stations; places advertising on Christian and talk formatted radio stations, and other commercial radio station formats; and operates Salem Podcast Network, a platform for conservative, political, news, and family-oriented podcasts. It also provides Christian, conservative, investing content, e-commerce, audio and video streaming, and other resources digitally through BibleStudyTools.com, Crosswalk.com, Christianity.com, iBelieve.com, GodTube.com, OnePlace com, GodUpdates.com, CrossCards.com, ChristianHeadlines.com, LightSource.com, CCMmagazine.com,Townhall.com, RedState.com, pjmedia.com, Twitchy.com, HotAir.com, BearingArms.com, as well as mobile applications. In addition, the company publishes digital newsletters, market analysis and non-individualized investment strategies; and operates SermonSearch.com, ChurchStaffing.com, WorshipHouseMedia.com, SermonSpice.com, WorshipHouseKids.com, Preaching.com, ChristianJobs.com, ShiftWorship.com, JourneyBoxMedia.com, Playblackmedia.com, and HyperPixelsMedia.com. Further, it offers publication of conservative, Christian, and history books; Xulon Press, a print-on-demand self-publishing service; and Mill City Press that publishes books, as well as provides digital marketing service. The company was founded in 1974 and is based in Irving, Texas.

SALM Price History

30 days | 90 days | 365 days | Advanced Chart

SALM Stock News Headlines

September 29, 2023 | americanbankingnews.com

StockNews.com Initiates Coverage on Salem Media Group (NASDAQ:SALM)

September 13, 2023 | finance.yahoo.com

Liz Truss Signs with Regnery

October 2, 2023 | Wall Street Fundamentals (Ad)

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September 11, 2023 | finance.yahoo.com

Salem Media Announces New Kids Podcast with Rachael Groll of Hearing Jesus on the LifeAudio Podcast Network

August 23, 2023 | finance.yahoo.com

Salem Media Group Announces Plan to Sell Its Greenville Radio Stations

August 21, 2023 | msn.com

North Salem’s TC Manumaleuna commits to Oregon Ducks

August 8, 2023 | washingtonpost.com

Salem Communications: Q2 Earnings Snapshot

August 8, 2023 | finance.yahoo.com

Salem Media Group, Inc. Announces Second Quarter 2023 Total Revenue of $65.8 Million

October 2, 2023 | Edge On The Street (Ad)

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August 3, 2023 | msn.com

New Salem-Almont begins 9-man title defense at midnight of opening day

August 2, 2023 | finance.yahoo.com

Salem Media Group Schedules Second Quarter 2023 Earnings Release and Teleconference

August 2, 2023 | msn.com

Driver crashes into Salem gym; fitness classes continue in parking lot during construction

July 21, 2023 | news.yahoo.com

On the agenda: City Council gets report on Safe Salem Employee Payroll Tax referendum

July 20, 2023 | finance.yahoo.com

Salem Media Announces New Podcast with Ben Taatjes and Jerrid Sebesta on the Senior Resource Podcast Network

July 19, 2023 | finance.yahoo.com

Salem Media Announces Management Changes

July 18, 2023 | sports.yahoo.com

Salem may host an Arena Football League team

July 17, 2023 | finance.yahoo.com

Salem Media Announces the Passing of its Co-founder Stuart Epperson Sr.

July 16, 2023 | msn.com

Salem outdoors retailer to close after more than a decade

July 13, 2023 | msn.com

Spirit’s Angela Salem helps pave way for ex-players to coach in NWSL

July 10, 2023 | msn.com

The Lords Of Salem Ending, Explained

July 8, 2023 | finance.yahoo.com

SALM - Salem Media Group, Inc.

July 6, 2023 | msn.com

Salem Negro Election Day Festivities To Include Lenny Clarke, Tessie

July 5, 2023 | yahoo.com

Salem-area cooling shelters to open as temperatures spike across Oregon's Mid-Valley

July 4, 2023 | msn.com

Aberdeen IronBirds win four in a row, but drop final two to Winston-Salem

June 29, 2023 | msn.com

Hundreds wait in line for first day of 35th annual Salem Fair

June 29, 2023 | msn.com

Hundreds wait in line for the first day of the 35th annual Salem Fair

June 26, 2023 | msn.com

Salem Fair is almost here

See More Headlines

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SALM Company Calendar

Last Earnings: 8/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Radio broadcasting stations
Sub-Industry: Broadcasting
Sector: Consumer Discretionary
Current Symbol: NASDAQ:SALM
CUSIP: 79409310
CIK: 1050606
Web: www.salemmedia.com
Phone: (469) 586-0080
Fax: 805-384-4520
Employees: 1,436
Year Founded: 1986

Price Target and Rating

Average Stock Price Forecast: $5.00
High Stock Price Forecast: $5.00
Low Stock Price Forecast: $5.00
Forecasted Upside/Downside: +747.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.97)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-3,240,000.00
Net Margins: -9.94%
Pretax Margin: -10.67%
Return on Equity: -5.19%
Return on Assets: -1.75%

Debt

Debt-to-Equity Ratio: 0.93
Current Ratio: 0.59
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: $264.94 million
Price / Sales: 0.06
Cash Flow: $0.68 per share
Price / Cash Flow: 0.87
Book Value: $6.44 per share
Price / Book: 0.09

Miscellaneous

Outstanding Shares: 27,215,000
Free Float: 12,353,000
Market Cap: $16.06 million
Optionable: Optionable
Beta: 1.29

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Key Executives

Mr. Edward G. Atsinger III (Age 83)
Exec. Chairman
Comp: $1.25M

Mr. David P. Santrella (Age 61)
Chief Exec. Officer
Comp: $860.45k

Mr. David A. R. Evans (Age 60)
Chief Operating Officer
Comp: $814.72k

Mr. Evan D. Masyr (Age 51)
Exec. VP & CFO

Mr. Christopher J. Henderson (Age 59)
Exec. VP of Legal & HR, Gen. Counsel and Sec.

Ms. Angenette Natkowski
Director of Sales

Mr. Allen Power
Pres of Broadcast Media

Mr. Jeff Reisman
Sr. VP of Operations

Ms. Linnae Young
Exec. VP of Operations & Revenue Devel.

Mr. Christopher Gould
Sr. VP of National Program Devel. & Ministry Relations and GM of Colorado Springs Assets

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SALM Stock - Frequently Asked Questions

Should I buy or sell Salem Media Group stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Salem Media Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SALM shares.
View SALM analyst ratings or view top-rated stocks.
What is Salem Media Group's stock price forecast for 2023?: 1 equities research analysts have issued 12 month price objectives for Salem Media Group's stock. Their SALM share price forecasts range from $5.00 to $5.00. On average, they anticipate the company's stock price to reach $5.00 in the next year. This suggests a possible upside of 747.5% from the stock's current price.
View analysts price targets for SALM or view top-rated stocks among Wall Street analysts.
How have SALM shares performed in 2023?: Salem Media Group's stock was trading at $1.05 at the start of the year. Since then, SALM stock has decreased by 43.8% and is now trading at $0.59.
View the best growth stocks for 2023 here.
When is Salem Media Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SALM earnings forecast.
How were Salem Media Group's earnings last quarter?: Salem Media Group, Inc. (NASDAQ:SALM) released its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by $0.09. The company earned $65.77 million during the quarter, compared to analyst estimates of $64.32 million. Salem Media Group had a negative net margin of 9.94% and a negative trailing twelve-month return on equity of 5.19%.
Is Salem Media Group a good dividend stock?: Salem Media Group (NASDAQ:SALM) pays an annual dividend of $0.10 per share and currently has a dividend yield of 0.00%.
Read our dividend analysis for SALM.
What guidance has Salem Media Group issued on next quarter's earnings?: Salem Media Group updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $68.91 million-$70.25 million, compared to the consensus revenue estimate of $66.81 million.

What is Edward G. Atsinger III's approval rating as Salem Media Group's CEO?: 247 employees have rated Salem Media Group Chief Executive Officer Edward G. Atsinger III on Glassdoor.com. Edward G. Atsinger III has an approval rating of 87% among the company's employees.
What other stocks do shareholders of Salem Media Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Salem Media Group investors own include Sirius XM (SIRI), Trevena (TRVN), OPKO Health (OPK), Advanced Micro Devices (AMD), CTI BioPharma (CTIC), TherapeuticsMD (TXMD), Arbutus Biopharma (ABUS), Adamis Pharmaceuticals (ADMP), Biocept (BIOC).
What is Salem Media Group's stock symbol?: Salem Media Group trades on the NASDAQ under the ticker symbol "SALM."
How do I buy shares of Salem Media Group?: Shares of SALM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Salem Media Group's stock price today?: One share of SALM stock can currently be purchased for approximately $0.59.
How much money does Salem Media Group make?: Salem Media Group (NASDAQ:SALM) has a market capitalization of $16.06 million and generates $264.94 million in revenue each year. The company earns $-3,240,000.00 in net income (profit) each year or ($0.97) on an earnings per share basis.
How many employees does Salem Media Group have?: The company employs 1,436 workers across the globe.
How can I contact Salem Media Group?: Salem Media Group's mailing address is 4880 SANTA ROSA ROAD, CAMARILLO CA, 93012. The official website for the company is www.salemmedia.com. The company can be reached via phone at (469) 586-0080, via email at evan@salemmedia.com, or via fax at 805-384-4520.

This page (NASDAQ:SALM) was last updated on 10/2/2023 by MarketBeat.com Staff

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