Saga Communications, Inc. Reports Financial Results for Third Quarter 2024
SGA Stock | USD 12.65 0.33 2.54% |
About 62% of Saga Communications' investor base is looking to short. The current sentiment regarding investing in Saga Communications stock implies that many traders are alarmed. The current market sentiment, together with Saga Communications' historical and current headlines, can help investors time the market. In addition, many technical investors use Saga Communications stock news signals to limit their universe of possible portfolio assets.
Saga |
Saga Communications, Inc., a Florida-based media company focusing on acquiring, developing, and operating broadcast properties, released its financial results for the three and nine months ending September 30, 2024. The company reported a decrease in net revenue by 3.5 percent to 28.1 million for the quarter compared to 29.1 million in the same period last year.
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Saga Communications Fundamental Analysis
We analyze Saga Communications' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Saga Communications using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Saga Communications based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Working Capital
Working Capital Comparative Analysis
Saga Communications is currently under evaluation in working capital category among its peers. Working Capital is a measure of company efficiency and operating liquidity. The working capital is usually calculated by subtracting Current Liabilities from Current Assets. It is an important indicator of the firm ability to continue its normal operations without additional debt obligations. .
Saga Communications Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Saga Communications stock to make a market-neutral strategy. Peer analysis of Saga Communications could also be used in its relative valuation, which is a method of valuing Saga Communications by comparing valuation metrics with similar companies.
Peers
Saga Communications Related Equities
NWS | News Corp | 1.17 | ||||
NWSA | News Corp | 1.03 | ||||
FOXA | Fox Corp | 0.88 | ||||
BATRK | Atlanta Braves | 0.52 | ||||
BATRA | Atlanta Braves | 0.33 | ||||
FWONA | Liberty Media | 0.23 | ||||
NXST | Nexstar Broadcasting | 0.33 | ||||
FWONK | Liberty Media | 0.42 | ||||
PARAA | Paramount Global | 0.78 |
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