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After finishing at $4.97 in the prior trading day, Gray Television, Inc. (NYSE: GTN) closed at $4.86, down -2.21%. In other words, the price has decreased by -$2.21 from its previous closing price. On the day, 1.32 million shares were traded. GTN stock price reached its highest trading level at $5.055 during the session, while it also had its lowest trading level at $4.86.
Ratios:
Our goal is to gain a better understanding of GTN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.29. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 2.29.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 503617504 and an Enterprise Value of 7260993024. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 63.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.71. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 2.19 whereas that against EBITDA is 8.877.
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 $4.15. The 50-Day Moving Average of the stock is -6.94%, while the 200-Day Moving Average is calculated to be -26.81%.
Shares Statistics:
The stock has traded on average 1.56M shares per day over the past 3-months and 1174220 shares per day over the last 10 days, according to various share statistics. A total of 87.23M shares are outstanding, with a floating share count of 84.12M. Insiders hold about 15.60% of the company’s shares, while institutions hold 73.76% stake in the company. Shares short for GTN as of 1723680000 were 7078257 with a Short Ratio of 4.53, compared to 1721001600 on 6205827. Therefore, it implies a Short% of Shares Outstanding of 7078257 and a Short% of Float of 8.1499994.
Dividends & Splits
In the trailing 12 months, GTN’s forward annual dividend rate was 0.32, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.064386316The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
The dynamic stock of Gray Television, Inc. (GTN) is currently being evaluated by a team of 5.0 analysts, each contributing to its current rating.The consensus estimate for the next quarter is $2.28, with high estimates of $2.55 and low estimates of $2.02.
Analysts are recommending an EPS of between $4.37 and $3.9 for the fiscal current year, implying an average EPS of $4.15. EPS for the following year is -$0.62, with 4.0 analysts recommending between -$0.36 and -$0.86.
Revenue Estimates
6 analysts predict $968.87M in revenue for the current quarter. It ranges from a high estimate of $977M to a low estimate of $964.13M. As of the current estimate, Gray Television, Inc.’s year-ago sales were $803MFor the next quarter, 6 analysts are estimating revenue of $1.18B. There is a high estimate of $1.21B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 6 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.83B, while the lowest revenue estimate was $3.76B, resulting in an average revenue estimate of $3.8B. In the same quarter a year ago, actual revenue was $3.28BBased on 6 analysts’ estimates, the company’s revenue will be $3.27B in the next fiscal year. The high estimate is $3.32B and the low estimate is $3.23B.
