How to Buy Cumulus Media Stock
Cumulus Media Inc
Cumulus Media Inc. , an audio-first media company, owns and operates radio stations in the United States.
Cumulus Media stock last closed at $2.64, up 1.15% from the previous day, and has decreased 12% in one year. It has overperformed other stocks in the Broadcasting industry by 0.12 percentage points. Cumulus Media stock is currently +2.72% from its 52-week low of $2.57, and -59.94% from its 52-week high of $6.59.
There are currently 16.67M CMLS shares outstanding. The market cap of CMLS is $44.02M. In the past 24 hours, 28,638 CMLS shares were traded.
How to Buy Cumulus Media Stock
Not sure how to invest in Cumulus Media stock? Here's how.
- Decide where to buy Cumulus Media stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy Cumulus Media stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Select your method of payment and add your info.
- Evaluate Cumulus Media stock: The Cumulus Media ticker symbol is CMLS. Is Cumulus Media stock a good investment? Should you buy shares of CMLS? How do CMLS's underlying business fundamentals look? Do top analysts think Cumulus Media is a good buy? Why has CMLS's stock price moved recently? (Hint: Our stock analysis website can help you understand if CMLS is a good stock to buy).
- Execute your CMLS buy order: Decide if you will purchase CMLS shares at the current market price or use a limit order to buy CMLS shares at a given price.
- Keep tabs on your CMLS investment: Create a watchlist to the latest updates on your investment in Cumulus Media stock.
Step 1: Decide where to buy Cumulus Media stock
You need a brokerage account to access the NASDAQ market and buy CMLS shares.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked your brokerage, you need to fill out some personal info so you are able to invest in CMLS today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have created your account on the greatest app to buy stocks, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing money into your new brokerage account.
Step 4: Evaluate Cumulus Media stock
After you have selected the best place to buy Cumulus Media stock, it's crucial to research their stock before you buy, so you actually understand the risk and opportunity.
Cumulus Media shares quick numbers
Cumulus Media Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CMLS's stock page.
Is CMLS stock properly valued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CMLS's fair value.
Using relative valuations ratios:
- CMLS could be undervalued based on its P/B ratio of 0.15x, relative to Broadcasting industry P/B ratio of 0.69x
You can access additional valuation analysis on CMLS's stock here.
CMLS Financial Health
Signs that CMLS is financially healthy:
- There are more short-term assets than short-term liabilities on the CMLS balance sheet.
Signs that CMLS is not financially healthy:
- There are more long-term liabilities than short-term assets on the CMLS balance sheet.
- CMLS profit margin has gone down from 1.7% to -14% in the past year.
- CMLS's operating cash flow of $31.66M allows it to safely service it's debt of $1.02B.
- CMLS earnings of -$29.43M is not sufficient to cover its interest payments.
- Total CMLS debt is higher than 5 years ago, relative to shareholder equity.
- CMLS has a relatively high debt to equity ratio of 4.03.
Do analysts think it's a good time to buy CMLS stock
Out of 1 Equities analysts who monitor CMLS, the consensus analyst rating on CMLS is a Buy
Please note that analyst ratings are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Cumulus Media stock forecast page.
CMLS Technical Indicators
CMLS Earnings
Last year, CMLS revenue was $844.55M. Over the last four year, CMLS's revenue has increased by -6.68% per year. This was slower than the Broadcasting industry average of 44.23%.
Dive into CMLS's earnings and revenue performance here.
What are CMLS executives and large shareholders up to?
Over the last 12 months, executives and large shareholders at CMLS have bought more shares than they have sold.
Renew Group Private Ltd, 10% Owner of CMLS, was the latest CMLS insider to buy. They bought $29,500.00 worth of CMLS shares on Feb 8, 2024.
Research more about who owns CMLS stock here.
Does CMLS stock generate passive income?
No, Cumulus Media doesn't provide an income stream by paying out dividends.
CMLS Social Trading Data
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your CMLS buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the best for newer investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to make sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more help buying stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your CMLS investment
Now that you own some CMLS stock, you'll want to keep up with your investment.
Make a watchlist to get alerted to the latest events about your CMLS stock.
CMLS Feed
How to Buy Stock in Cumulus Media
To reiterate, here are the 6 steps to buy stock in Cumulus Media:
- Decide where to buy Cumulus Media stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Evaluate Cumulus Media stock
- Execute your CMLS buy order
- Keep tabs on your CMLS investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Cumulus Media, get started below.
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