Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Gannett Co Inc. (NYSE: GCI) was $3.21 for the day, up 1.26% from the previous closing price of $3.17. In other words, the price has increased by $1.26 from its previous closing price. On the day, 1.13 million shares were traded. GCI stock price reached its highest trading level at $3.26 during the session, while it also had its lowest trading level at $3.1499.
Ratios:
Our analysis of GCI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.05 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.97. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 0.79. In the meantime, Its Debt-to-Equity ratio is 5.44 whereas as Long-Term Debt/Eq ratio is at 4.98.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Compass Point on December 12, 2023, initiated with a Buy rating and assigned the stock a target price of $5.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 16 ’23 when Tarica Laurence bought 200,000 shares for $1.85 per share. The transaction valued at 370,000 led to the insider holds 1,008,799 shares of the business.
Reed Michael bought 60,000 shares of GCI for $120,600 on Nov 06 ’23. The Chief Executive Officer now owns 3,304,323 shares after completing the transaction at $2.01 per share. On Aug 14 ’23, another insider, Reed Michael, who serves as the Chief Executive Officer of the company, bought 80,000 shares for $3.29 each. As a result, the insider paid 263,200 and bolstered with 3,244,323 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, GCI now has a Market Capitalization of 473629088 and an Enterprise Value of 1622535040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 0.617 whereas that against EBITDA is 6.759.
Stock Price History:
Over the past 52 weeks, GCI has reached a high of $3.60, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is 37.66%, while the 200-Day Moving Average is calculated to be 32.36%.
Shares Statistics:
GCI traded an average of 875.11K shares per day over the past three months and 1518510 shares per day over the past ten days. A total of 148.94M shares are outstanding, with a floating share count of 122.44M. Insiders hold about 17.02% of the company’s shares, while institutions hold 61.83% stake in the company. Shares short for GCI as of 1713139200 were 16422877 with a Short Ratio of 18.77, compared to 1710460800 on 16122484. Therefore, it implies a Short% of Shares Outstanding of 16422877 and a Short% of Float of 11.68.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 18.87.
