Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Gray Television, Inc (NYSE: GTN) closed the day trading at $3.51 down -5.65% from the previous closing price of $3.72. In other words, the price has decreased by -$5.65 from its previous closing price. On the day, 1.93 million shares were traded. GTN stock price reached its highest trading level at $3.805 during the session, while it also had its lowest trading level at $3.5.
Ratios:
For a better understanding of GTN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.18. 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:
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 Dec 11 ’24 when McTear Paul bought 17,880 shares for $4.14 per share.
Latek Kevin Paul sold 150,216 shares of GTN for $656,444 on Dec 02 ’24. The EVP Chief L & D Officer now owns 509,212 shares after completing the transaction at $4.37 per share. On Dec 02 ’24, another insider, Latek Kevin Paul, who serves as the EVP Chief L & D Officer of the company, sold 4,908 shares for $4.37 each. As a result, the insider received 21,448 and left with 0 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 375654240 and an Enterprise Value of 6880751616. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 1.987 whereas that against EBITDA is 7.274.
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 $3.65. The 50-Day Moving Average of the stock is -28.76%, while the 200-Day Moving Average is calculated to be -34.85%.
Shares Statistics:
Over the past 3-months, GTN traded about 1.21M shares per day on average, while over the past 10 days, GTN traded about 1148190 shares per day. A total of 90.82M shares are outstanding, with a floating share count of 84.57M. Insiders hold about 15.15% of the company’s shares, while institutions hold 65.59% stake in the company. Shares short for GTN as of 1732838400 were 4496320 with a Short Ratio of 3.70, compared to 1730332800 on 4189148. Therefore, it implies a Short% of Shares Outstanding of 4496320 and a Short% of Float of 5.1799998.
Dividends & Splits
GTN’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.086021505The stock’s 5-year Average Dividend Yield is 4.83.
