In a recent bid Entercom Communications Corp. [ETM] faced a contemporary bid of $1.47 yielding a -9.26% decline where 1.55 million shares have exchanged hands over the last week. ETM amount got a boost by 3.52% or $0.05 versus $1.42 at the end of the prior session. This change led market cap to move at 214.83M, putting the price 96.00% below the 52-week high and -71.84% above the 52-week low. The company’s stock has a normal trading capacity of 1.55 million shares while the relative volume is 1.35.

On 15, October 2020, Entercom Communications to Report 2020 Third Quarter Financial Results, Host Conference Call on November 6. According to news published on Yahoo Finance, Entercom Communications Corp. (NYSE: ETM) will report its 2020 third quarter financial results before the market opens on Friday, November 6, 2020. The Company will host a conference call and simultaneous webcast at 10:00 a.m. ET that morning to review the results and recent progress against its strategic initiatives.

Analyst Birdseye View:

The most recent analyst activity for Entercom Communications Corp. [NYSE:ETM] stock was on September 24, 2019, when it was Initiated with a Market perform rating from Wells Fargo. Before that, on April 07, 2020, B. Riley FBR Recapitulated a Neutral rating and elevated its amount target to $1. On April 18, 2019, B. Riley FBR Initiated a Buy rating and boosted its price target on this stock to $7.75. On November 01, 2018, Guggenheim Initiated a Buy rating. On August 18, 2015, Wells Fargo Upgrade an Outperform rating. On August 04, 2009, RBC Capital Mkts Reiterated a Sector perform rating and boosted its amount target on this stock to $3.50. On May 11, 2009, RBC Capital Mkts Reiterated a Sector perform rating and boosted its target amount on this stock from $2 to $3. On February 25, 2009, RBC Capital Mkts Reiterated a Sector perform rating and improved its amount target to $2.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.75 and a peak of $5.22. Right now, the middling Wall Street analyst 12-month amount mark is $1.75. At the most recent market close, shares of Entercom Communications Corp. [NYSE:ETM] were valued at $1.47. According to the average price forecast, investors can expect a potential return of -2.86%.

FUNDAMENTAL ANALYSIS

Entercom Communications Corp. [NYSE:ETM] most recently reported quarterly sales of 175.87 billion, which represented growth of -53.80%. This publicly-traded organization’s revenue is $359,539 per employee, while its income is -$101,403 per employee. This company’s Gross Margin is currently 21.60%, its Operating Margin is -32.20%, its Pretax Margin is -25.71, and its Net Margin is -28.20. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -10.61, -37.93, 8.99 and -13.92 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 69.43 and the whole liability to whole assets at 52.68. It shows enduring liability to the whole principal at 67.64 and enduring liability to assets at 0.51 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 1.4067 points at 1st support level, the second support level is making up to 1.3433. But as of 1st resistance point, this stock is sitting at 1.5067 and at 1.5433 for 2nd resistance point.

Entercom Communications Corp. [ETM] reported its earnings at -$0.28 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at -$0.22/share signifying the difference of -0.06 and -27.30% surprise value.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Entercom Communications Corp. [NYSE:ETM] is 2.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.10. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.43 and it’s amount to book ratio is 0.73.

Insider Stories

The most recent insider trade was by FIELD DAVID J, Chairman, President and CEO, and it was the purchase of 1929.0 shares on Sep 23. FIELD DAVID J, the Chairman, President and CEO, completed a purchase of 58186.0 shares on Sep 22. On Sep 21, FIELD DAVID J, Chairman, President and CEO, completed a purchase of 93131.0 shares.