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Wednesday, December 2, 2020

Urban One Inc. (NASDAQ:UONE) on the Path to Profitability

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Urban One Inc. (UONE) shares are trading at higher $4.49.

To add more color to this target, the company’s high over the last year is $54.16 and the low is $0.95. Over the last 52 weeks, UONE is up 124.50% while the S&P 500 is up 19.49%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, UONE reported a profit of $52.38 million. Urban One Inc. also saw revenues increase to $76.01 million. In addition, UONE has free cash flow of $30.62 million as of 06-2020. The company’s EBITDA came in at $35.13 million which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. UONE has a short ratio of 0.05 and outstanding shares of 1.58M.

Company Outlook

UONE has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.43. Urban One Inc. UONE also noted assets of $1.21 billion at the end of the last quarter. Investors should also keep an eye on sector updates as UONE has historically followed its peers on positive news.

All told, Urban One Inc. UONE has strung together solid data and demonstrated underlying fundamentals. At its current valuation, UONE represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Urban One Inc. UONE is now commanding a market cap of 7.10M. UONE is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of UONE stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in UONE, either long or short, and we have not been compensated for this article.

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