Are You Looking To Buy Audacy Inc. (AUD)? First, Read This


Audacy Inc. (NYSE:AUD) finished Wednesday with a subtraction of -$0.02 to close at $0.20, a downside of -5.75 percent. An average of 1,404,840 shares of common stock have been traded in the last five days. There was a fall of -$0.0235 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,438,470 shares traded, while the 50-day average volume stands at 1,001,976.

AUD stock has decreased by -38.42% in the last month. The company shares reached their 1-month lowest point of $0.2001 on 12/28/22. With the stock rallying to its 52-week high on 03/25/22, shares of the company touched a low of $0.21 and a high of $3.36 in 52 weeks. It has reached a new high 6 times so far this year and lost -92.09% or -$2.3668 in price. In spite of this, the price is down -93.95% from the 52-week high.

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Valuation Metrics

Audacy Inc. (AUD) stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.02, the price-to-book (PB) ratio at 0.06.

Financial Health

The quick ratio of Audacy Inc. for the three months ended June 29 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.68 and a total debt to equity ratio of 3.68 for the quarter ending June 29. Its gross profit as reported stood at $242.43 million compared to revenue of $1.22 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Audacy Inc.’s return on assets was -3.90%.

Earnings Surprise

For the three-month period that ended June 29, Audacy Inc. had $1.87 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$0.77 million in the quarter, while revenues were grew 285.71%. The analyst consensus anticipated Audacy Inc.’s latest quarter earnings to come in at $0.03 per share, but it turned out to be -$0.01, a -133.30% surprise. For the quarter, EBITDA amounted to -$132.49 million. Shareholders own equity worth $145.05 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Audacy Inc. (AUD) price momentum. RSI 9-day as of the close on 28 December was 22.96%, suggesting the stock is oversold, with historical volatility in this time frame at 54.34%.

As of today, AUD’s price is $0.2166 -10.37% or -$0.0235 from its 5-day moving average. AUD is currently trading -36.10% lower than its 20-day SMA and -65.83% lower than its 100-day SMA. However, the stock’s current price level is -44.13% below the SMA50 and -92.90% below the SMA200.

The stochastic %K and %D were 11.29% and 13.75%, respectively, and the average true range (ATR) was 0.0243. With the 14-day stochastic at 3.41% and the average true range at 0.0271, the RSI (14) stands at 28.32%. The stock has reached -0.0089 on the 9-day MACD Oscillator while the 14-day reading was at -0.0220.

Analyst Ratings

B. Riley Securities downgraded Audacy Inc. (NYSE: AUD) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Audacy Inc. (AUD) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AUD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is AUD’s price target for the next 12 months?

Analysts predict a range of price targets between $0.00 and $1.00, with a median target of $0.38. Taking a look at these predictions, the average price target given by analysts for Audacy Inc. (AUD) stock is $0.44.


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