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Summary
- Carver Bancorp’s stock price more than tripled, while Urban One jumped over 20 percent.
- Carver Bancorp’s share price is up approximately 425 percent this year.
- Urban One stock gained approximately 108 percent year to date.
Carver Bancorp, Inc. (NASDAQ:CARV) stock skyrocketed more than 250 percent on Thursday’s trading, while Urban One, Inc. (NASDAQ:UONE) rallied over 20 percent.
Both the stocks surged on July 8 despite the absence of any new updates from the companies. However, Carver Bancorp’s rally seemed to be fueled by the retail investors.
Carver Bancorp, Inc. (NASDAQ:CARV)
New York-based Carver Bancorp is the holding company for Carver Federal Savings Bank. It provides consumer and commercial banking services.
Carver Bancorp currently has a market cap of approximately US$125 million. Its stock gained over 425 percent year to date. The shares traded in the range of US$5.15 to US$38.74 in the last 52 weeks.
As of 2:28 pm ET, Carver Bancorp stock was trading at US$36.14, up 241.59 percent.
Recently, Carver Bancorp reported an interest income of US$20.31 million for the fiscal year ended March 31, 2021. Net loss during the year narrowed to US$3.9 million from US$5.4 million loss in the previous fiscal year.
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Source: Pixabay
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Urban One, Inc. (NASDAQ:UONE)
Urban One is a media company that operates broadcast stations and cable television network. It also holds a minority stake in Maryland-based MGM National Harbor Casino.
Urban One stock, which has been on a downward trend after it rallied up to US$24.61 in June, rebounded on Thursday to up to US$11.12.
The company has a market capitalization of around US$326 million. It has a P/E ratio of 15.75 and the stock returned 108 percent year to date. The stock traded as low as US$3.23 during the last 52 weeks.
As of 2:28 pm ET, Urban One shares were trading at US$8.67, up 14.83 percent.
Urban One has proposed to build a US$517 million casino complex under its ONE Casino + Resort project at Walmsley Boulevard in South Richmond. The project includes a 100,000 square feet casino gaming space, luxury hotel, theaters and production studios.
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The company reported revenue of US$91.4 million in its first quarter ended March 31, 2021, while net income totaled US$7,000, compared with the net loss of US$23 million in the year-ago quarter.
Please note: The above constitutes a preliminary view and any interest in stocks/cryptocurrencies should be evaluated further from an investment point of view.
