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As of close of business last night, Gray Television, Inc’s stock clocked out at $4.35, down -2.03% from its previous closing price of $4.44. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 0.86 million shares were traded. GTN stock price reached its highest trading level at $4.4002 during the session, while it also had its lowest trading level at $4.285.
Ratios:
To gain a deeper understanding of GTN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 2.13.
On November 09, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Overweight and also lowered its target price recommendation from $25 to $7.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 28 ’24 when HOWELL HILTON H JR bought 10,000 shares for $8.09 per share. The transaction valued at 80,934 led to the insider holds 2,982,386 shares of the business.
Howell Robin Robinson bought 10,000 shares of GTN for $80,934 on Mar 28 ’24. The Director now owns 2,982,386 shares after completing the transaction at $8.09 per share. On Jan 02 ’24, another insider, BOGER RICHARD LEE, who serves as the Director of the company, bought 399 shares for $8.97 each. As a result, the insider paid 3,578 and bolstered with 60,130 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GTN now has a Market Capitalization of 457928832 and an Enterprise Value of 6969446400. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at 2.013 whereas that against EBITDA is 7.367.
Stock Price History:
Over the past 52 weeks, GTN has reached a high of $10.07, while it has fallen to a 52-week low of $3.95. The 50-Day Moving Average of the stock is -17.31%, while the 200-Day Moving Average is calculated to be -23.34%.
Shares Statistics:
It appears that GTN traded 1.19M shares on average per day over the past three months and 2208370 shares per day over the past ten days. A total of 87.23M shares are outstanding, with a floating share count of 84.34M. Insiders hold about 15.38% of the company’s shares, while institutions hold 65.49% stake in the company. Shares short for GTN as of 1730332800 were 4189148 with a Short Ratio of 3.52, compared to 1727654400 on 4361102. Therefore, it implies a Short% of Shares Outstanding of 4189148 and a Short% of Float of 4.82.
Dividends & Splits
With its trailing 12-month dividend rate of 0.32, GTN has a forward annual dividend rate of 0.32. Against a Trailing Annual Dividend Yield of 0.07207207The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
The current market rating for Gray Television, Inc (GTN) reflects the collective analysis of 3.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.25 and low estimates of -$0.34.
Analysts are recommending an EPS of between $3.32 and $3.32 for the fiscal current year, implying an average EPS of $3.32. EPS for the following year is -$0.71, with 3.0 analysts recommending between -$0.42 and -$0.9.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $1.05B. It ranges from a high estimate of $1.17B to a low estimate of $1.02B. As of the current estimate, Gray Television, Inc’s year-ago sales were $864MFor the next quarter, 7 analysts are estimating revenue of $801.87M. There is a high estimate of $807M for the next quarter, whereas the lowest estimate is $795M.
A total of 7 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.79B, while the lowest revenue estimate was $3.62B, resulting in an average revenue estimate of $3.66B. In the same quarter a year ago, actual revenue was $3.28BBased on 6 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.28B and the low estimate is $3.21B.
