Urban One stock price irrational exuberance
June 19, 2020
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%
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.”
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.
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.