Here is an analysis at the scorecard of AirMedia Group Inc. ADR (NASDAQ:AMCN) for the recent quarter and analyst projections for the coming periods.
The firm generated sales of 10.83M%, implying a jump of -5.07% compared to a analogous quarter a year ago.
To achieve the recorded sales of 10.83M% for the quarter, the firm incurred $18.03M in cost of goods. Hence, after considering the cost of sales, AirMedia Group Inc. ADR came with a gross income of $(7.19M).
Let’s look into the technical of the stock
The Barchart Technical Opinion rating is a 24% Buy with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Average. Long term indicators are in flux. The market is approaching overbought territory. Be watchful of a trend reversal.
AirMedia Group Inc. ADR incurred other expenses in the completion of operation. Taking those into account, it closed the quarter with EPS of $2.85. The firm had 63.59M diluted outstanding shares at the close of the quarter.
AirMedia Group Inc. ADR’s cash balance at the close of the recent quarter was 86.96M%.
What is market thinking about AirMedia Group Inc. ADR? So far analysts have assessed the stock, and they have average recommendation of and average price target of $. To put the recommendation into perspective, call in the range of 1.00 – 1.24 indicates a BUY recommendation, whereas 1.25 – 1.74 refers to OVERWEIGHT. HOLD recommendation is shown by 1.75 ? 2.24, UNDERWEIGHT is signified by 2.25 – 2.74 while SELL is signified by 2.75 – 3.00.
Does AirMedia Group Inc. ADR have a strong balance sheet? A look at the firm’s balance sheet at the close of the most recent quarter displays that it has total assets of $531.61M, offset by total liabilities of $133.97M.
Lifshitz & Miller announces investigation on behalf of AMCN investors after AMCN received a letter from NASDAQ stating AMCN was not in compliance with listing rules for failing to timely file its annual report for fiscal year 2016.