After Achieving 52-Week Low, Is Townsquare Media, Inc. (TSQ)’s Near-Term Analysis Negative?

May 25, 2018 - By Winifred Garcia

Townsquare Media, Inc. (NYSE:TSQ) Logo

The stock of Townsquare Media, Inc. (NYSE:TSQ) hit a new 52-week low and has $6.02 target or 6.00 % below today’s $6.40 share price. The 9 months bearish chart indicates high risk for the $118.38M company. The 1-year low was reported on May, 25 by Barchart.com. If the $6.02 price target is reached, the company will be worth $7.10 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.59% or $0.17 during the last trading session, reaching $6.4. About 79,350 shares traded or 28.93% up from the average. Townsquare Media, Inc. (NYSE:TSQ) has declined 34.38% since May 25, 2017 and is downtrending. It has underperformed by 45.93% the S&P500.

Analysts await Townsquare Media, Inc. (NYSE:TSQ) to report earnings on August, 8. They expect $0.19 EPS, down 9.52 % or $0.02 from last year’s $0.21 per share. TSQ’s profit will be $3.51M for 8.42 P/E if the $0.19 EPS becomes a reality. After $-0.12 actual EPS reported by Townsquare Media, Inc. for the previous quarter, Wall Street now forecasts -258.33 % EPS growth.

Townsquare Media, Inc. (NYSE:TSQ) Ratings Coverage

Among 3 analysts covering Townsquare Media (NYSE:TSQ), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Townsquare Media had 3 analyst reports since March 13, 2018 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $10.0 target in Tuesday, March 13 report. The company was maintained on Tuesday, March 13 by Guggenheim.

More recent Townsquare Media, Inc. (NYSE:TSQ) news were published by: Twst.com which released: “Townsquare Media Inc.: Townsquare Completes Sale Of North American Midway Entertainment” on May 24, 2018. Also Seekingalpha.com published the news titled: “Townsquare Media’s (TSQ) CEOs Bill Wilson and Dhruv Prasad on Q1 2018 Results – Earnings Call Transcript” on May 08, 2018. Seekingalpha.com‘s news article titled: “Townsquare Media 2018 Q1 – Results – Earnings Call Slides” with publication date: May 08, 2018 was also an interesting one.

Townsquare Media, Inc. operates as a media, entertainment, and digital marketing solutions firm in small and mid-sized markets. The company has market cap of $118.38 million. It operates through two divisions, Local Marketing Solutions and Entertainment. It currently has negative earnings. The Local Marketing Solutions segment provides broadcast and digital solutions through its radio stations, Websites, radio stationsÂ’ online streams, and mobile applications.

Townsquare Media, Inc. (NYSE:TSQ) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: