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As of close of business last night, Gray Television, Inc.’s stock clocked out at $6.08, up 1.16% from its previous closing price of $6.01. In other words, the price has increased by $1.16 from its previous closing price. On the day, 1.48 million shares were traded. GTN stock price reached its highest trading level at $6.1699 during the session, while it also had its lowest trading level at $5.87.
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 4.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.84. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 2.31 whereas as Long-Term Debt/Eq ratio is at 2.30.
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 Robin Robinson 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 HILTON H JR bought 10,000 shares of GTN for $80,934 on Mar 28 ’24. The Chairman, President & CEO 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 626586560 and an Enterprise Value of 7323802112. 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 0.29. Its current Enterprise Value per Revenue stands at 2.217 whereas that against EBITDA is 8.942.
Stock Price History:
The Beta on a monthly basis for GTN is 1.53, which has changed by -0.32293987 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, GTN has reached a high of $10.69, while it has fallen to a 52-week low of $4.39. The 50-Day Moving Average of the stock is 8.79%, while the 200-Day Moving Average is calculated to be -11.18%.
Shares Statistics:
It appears that GTN traded 1.36M shares on average per day over the past three months and 2164150 shares per day over the past ten days. A total of 87.23M shares are outstanding, with a floating share count of 83.63M. Insiders hold about 15.64% of the company’s shares, while institutions hold 75.23% stake in the company. Shares short for GTN as of 1719532800 were 6795410 with a Short Ratio of 4.98, compared to 1717113600 on 6955019. Therefore, it implies a Short% of Shares Outstanding of 6795410 and a Short% of Float of 7.870000000000001.
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 0.05324459The stock’s 5-year Average Dividend Yield is 4.83.
