Analysts who follow Salem Media Group Inc (SALM) on average expect it to increase 125.00% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns SALM an Analyst Ranking of 80, which means it ranks higher than 80 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
You can learn a lot about a company from looking at it’s financial statements and comparing them to other companies. Analysts who cover an industry in depth can add even more to your research though. They typically follow a particular sector or industry very closely. They also pay attention to and ask questions on earnings conference calls and other events where they might learn information that does show up in the numbers.
InvestorsObserver takes the average rating from these analysts, and then percentile ranks those averages. This lets you compare stocks in a much more granular way than just seeing the typical five-tiered rating system used on most of Wall Street.
What's Happening With Salem Media Group Inc Stock Today?
Salem Media Group Inc (SALM) stock has risen 5.56% while the S&P 500 is down -0.16% as of 3:03 PM on Tuesday, Sep 29. SALM is higher by $0.05 from the previous closing price of $0.95 on volume of 3,158,748 shares. Over the past year the S&P 500 has gained 12.42% while SALM is down -34.64%. SALM lost -$3.08 per share the over the last 12 months.