Best Broadcasting Radio Stocks

Take a look at the best and worst performing Broadcasting - Radio stocks of the day. Positions are based on premarket, during, and aftermarket prices. The list is updated daily.

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Contributor, Benzinga
April 22, 2024

iHeartMedia (NASDAQ:IHRT)

iHeartMedia Inc is a US-based diversified media and entertainment company. It operates its business through two segments; Audio and Audio and Media Services. Its Audio segment which derives majority revenue offers broadcast and digital radio, online and mobile services and products, traffic and weather data distribution, outdoor advertising services. It also provides outdoor advertising services in Asia, Australia, Europe and Latin America. Its assets include traditional and digital billboards, street furniture and transit displays, airport displays and wallscapes under lease management agreements. The Audio and Media Services Segment engages in full-service media representation business, Katz Media Group, as well as other general support services.

$1.945
0.045[2.37%]
Last update: 4:00PM (Delayed 15-Minutes)
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Open1.900Close1.945
Vol / Avg.498.304K / 851.910KMkt Cap281.532M
Day Range1.860 - 1.95052 Wk Range1.775 - 4.740

Salem Media Group (OTCQX:SALM)

Salem Media Group Inc is a domestic multimedia company with integrated operations including radio broadcasting, digital media, and publishing. The company has three operating segments, Broadcast, Digital Media, and Publishing. Digital media-based businesses provide Christian, conservative, investing and health-themed content, e-commerce, audio and video streaming, and other resources digitally through the web.

$0.38
0.03[8.57%]
Last update: 3:46PM (Delayed 15-Minutes)
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Open0.310Close0.380
Vol / Avg.11.721K / 85.403KMkt Cap10.342M
Day Range0.310 - 0.38052 Wk Range0.241 - 1.089

Cumulus Media (NASDAQ:CMLS)

Delivering premium content to a quarter billion listeners every month, Cumulus Media is an audio entertainment company based out of Atlanta, Georgia. It owns and operates 424 radio stations across 87 markets in the U.S.

The radio stock has an average daily trade volume of 150,626 shares per day. It has an EPS of $2.64 and a P/E ratio of 1.3. Cumulus Media has a market cap of $61 million and is one of the top stocks under $5 in the radio broadcast segment.

In April 2020, Cumulus Media’s Westwood One News won the prestigious National Headliner Award for “Breaking News or Continuing Coverage of a Single News Event.” Westwood One News also won a bronze, silver and gold medal in the New York Festival Radio Awards in the same month.

$2.79
-0.20[-6.69%]
Last update: 4:00PM (Delayed 15-Minutes)
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Open3.010Close2.700
Vol / Avg.128.218K / 74.104KMkt Cap46.983M
Day Range2.680 - 3.25052 Wk Range2.570 - 6.590

Urban One (NASDAQ:UONE)

Urban One Inc. is a diversified media company in the U.S. It owns TV One, a television network serving more than 59 million households. The company offers a broad range of original programming, classic series and movies designed to entertain, inform and inspire viewers. As a leading radio broadcast company, Urban One owns and operates 57 stations in the U.S.

The media stock has a market cap of $98 million. It trades more than 851,000 shares per day. Urban One generated revenue of $436 million in 2019.

$2.09
-0.27[-11.44%]
Last update: 7:34PM (Delayed 15-Minutes)
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Open2.370Close2.020
Vol / Avg.82.535K / 59.486KMkt Cap102.153M
Day Range1.990 - 2.38052 Wk Range1.920 - 7.980

Cambium Networks (NASDAQ:CMBM)

Cambium Networks Corp provides wireless broadband networking infrastructure solutions for network operators, including medium-sized wireless Internet service providers, enterprises and government agencies. The company’s scalable, reliable and high-performance solutions create a purpose-built wireless fabric that connects people, places and things across distances ranging from two meters to more than 100 kilometers, indoors and outdoors, using licensed and unlicensed spectrum, at attractive economics. Headquartered outside Chicago and with R&D centers in the U.S., U.K. and India, the company sells through a range of distributors overseas.

$3.40
0.13[3.98%]
Last update: 7:59PM (Delayed 15-Minutes)
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Open3.290Close3.360
Vol / Avg.247.945K / 111.308KMkt Cap94.722M
Day Range2.925 - 3.39052 Wk Range3.240 - 18.090

Radio broadcasting companies have dominated the airwaves and kept the masses tuned to their stations for over 100 years. Despite their massive popularity, radio stocks remain some of the best stocks under $20 to add to your portfolio. 

Take a look at these radio broadcasting companies as an investor to find stellar undervalued stocks on the stock exchange.

Quick Look at the Best Broadcasting Radio Stocks:

Overview

As an entertainment channel, radio stocks have generated revenue from ads and sponsored content. Most major cities have multiple radio stations broadcasting live, on-air programming in many formats. Millions of people tune in to radio stations every day to get their daily dose of news and music. 

iHeartMedia (NASDAQ: IHRT) has more than 250 million listeners and reaches 9 out of 10 Americans every month. This makes it one of the best stocks under $10 that you can invest in to gain exposure to the radio industry. 

Digital transformation has made many stations accessible to people globally through internet radio. But it has also given radio broadcasting stocks a run for their money with stiff competition for ad spots from social media companies and other online platforms. 

Best Online Brokers for Broadcasting – Radio Stocks

Online brokers give you access to professional tools for fast trade execution. These platforms can help you filter thousands of companies to find and invest in radio stocks that meet your financial goals.

Features to Look for in Broadcasting – Radio Stocks

  • Earnings per share: You can determine a stock’s profitability by its earnings per share (EPS). The EPS of a stock is calculated by dividing the net income of a company by its total number of outstanding shares.  
  • Audience: Radio has one of the largest audiences of any media platform. The number of listeners regularly tuning in has a direct impact on the revenue a radio station makes. The mass appeal of radio makes it a favorite for big brands to advertise their new products and promote their events.
  • Yearly revenue: Revenues of radio broadcasting companies may not be much but it is a good indicator of its performance in the market. Compare the net income of radio stocks over the years to assess its growth before you invest. 

Make a Sound Investment

Radio broadcasting companies give people easy access to music and entertainment at next-to-nothing costs. That’s why millions of people can tune in to radio stations in their cars, phones and multiple platforms. Invest in radio stocks now and expose your portfolio to the expanding entertainment industry. 

Take a look at more the of the best Consumer Cyclical Sector stocks of the day:

Q

What are radio broadcasting stocks?

A

Radio broadcasting stocks are shares of radio broadcasting companies.

Q

Are radio broadcasting stocks a good investment?

A

Yes, radio broadcasting stocks are a good investment if you want to find good stocks at an affordable price.

Q

Are radio broadcasting stocks outdated?

A

Radio broadcasting companies have kept up with the times by transitioning to digital broaddcasting.