Urban one stock

22 Jun: Urban One stock today falls more than 40%

Urban One stock today

Urban One, Inc. (UONE) stock at 2:48 PM, ET time today is plunging more than 40%, having a stock price of 19.30-17.00 (-46.83%). We recently mentioned our financial analysis opinion about UONE stock.

Stock investing

We wrote “With no major financial news and losses for the trailing twelve months, the stock price surge for Urban One stock requires a lot of prudence. Stocks to buy or stocks to sell move according to speculative trades and now UONE stock seems to attract a lot of speculators.”

Stock market newsletter

Subscribe to our stock market newsletter, covering stocks to buy, stocks to sell.

19 Jun: Urban One stock price irrational exuberance

Urban One, Inc. (UONE) stock price has made an impressive rally, but caution is suggested

Urban One, Inc. (UONE) stock closed at 25.00+12.29 (+96.70%) on June 18, 2020. The performance for Urban One stock is impressive:
5 Day: 1,555.63%
1 Month: 1,949.18%
3 Month: 1,522.85%
YTD: 1,137.07%
1 Year: 1,070.41%

What drove the UONE stock higher?

An article that explains this irrational exuberance about Urban One stock, UONE stock mentions the key factors to this stock price surge:

“Sometimes It All Comes Down to the Float
Let’s look at how float — and price psychology and social media — led to big moves in Urban One this week.”

Source:https://realmoney.thestreet.com/investing/stocks/sometimes-it-all-comes-down-to-the-float-15352813?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Urban One stock fundamentals

A look at the financials for the Urban One stock shows a flat trend for the 5-year revenue growth, an increae for the net income, EPS that have plunged in 2019 to $0.02 per share compared to $3.01 per share in 201, a surge in short-term debt and positive free cash flows.

Source: MarketWatch

But having a look at latest EPS (TTM) they are negative at -$0.43 per share.

With no major financial news and losses for the trailing twelve months, the stock price surge for Urban One stock requires a lot of prudence. Stocks to buy or stocks to sell move according to speculative trades and now UONE stock seems to attract a lot of speculators. Investing is different than speculating.

16 Jun: Urban One stock surges today June 16, 2020

Urban One (UONE) stock price today

At 3:35 PM, ET time today June 16, 2020, Urban One, Inc. (UONE) stock is gaining more than 400%. The latest UONE stock price is 35.15+28.61 (+437.46%).

Urban One (UONE) stock news

“Shares of Urban One Inc. UONE, +437.46% nearly doubled in very active morning trading Tuesday, and has now skyrocketed 8-fold in three days. The gains come even as the only news from the media company, which primarily targets black Americans and urban consumers, was a disclosure Monday that Brigade Capital Management L.P. sold its entire 3.9 million-share stake in Urban One on June 11. The stock rallied 83.5% in morning trading, on volume of 9.7 million shares, which compares with the full-day average of about 871,000 share.”

Source: https://www.marketwatch.com/story/urban-ones-stock-rockets-on-heavy-volume-again-hits-16-year-high-intraday-2020-06-16?siteid=yhoof2&yptr=yahoo

As Urban One (UONE) stock rallies on the news mentioned but without further othe fundamental or economic news, caution is suggested after this stock rally.

Urban One (UONE) stock chart

Urban One (UONE) stock chart
Urban One (UONE) stock chart

Source: Stockscharts.com, market open, data as of 3:40 PM, ET time, June 16, 2020.