Gannett Co Inc.’s Market Journey: Closing Weak at 5.50, Down -2.14

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The closing price of Gannett Co Inc. (NYSE: GCI) was $5.50 for the day, down -2.14% from the previous closing price of $5.62. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 1.57 million shares were traded. GCI stock price reached its highest trading level at $5.65 during the session, while it also had its lowest trading level at $5.365.

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 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.77. 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 4.96 whereas as Long-Term Debt/Eq ratio is at 4.56.

On July 01, 2024, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $6.JMP Securities initiated its Mkt Outperform rating on July 01, 2024, with a $6 target price.

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 Sep 13 ’24 when Tarica Laurence bought 50,000 shares for $4.50 per share. The transaction valued at 225,000 led to the insider holds 1,089,663 shares of the business.

Tarica Laurence bought 200,000 shares of GCI for $370,000 on Nov 16 ’23. The Director now owns 1,008,799 shares after completing the transaction at $1.85 per share. On Nov 06 ’23, another insider, Reed Michael, who serves as the Chief Executive Officer of the company, bought 60,000 shares for $2.01 each. As a result, the insider paid 120,600 and bolstered with 3,304,323 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 811800000 and an Enterprise Value of 1905765376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 3.25. Its current Enterprise Value per Revenue stands at 0.734 whereas that against EBITDA is 7.802.

Stock Price History:

Over the past 52 weeks, GCI has reached a high of $5.93, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is 12.39%, while the 200-Day Moving Average is calculated to be 59.83%.

Shares Statistics:

GCI traded an average of 1.68M shares per day over the past three months and 2059660 shares per day over the past ten days. A total of 148.94M shares are outstanding, with a floating share count of 119.50M. Insiders hold about 19.04% of the company’s shares, while institutions hold 65.05% stake in the company. Shares short for GCI as of 1726185600 were 14010750 with a Short Ratio of 8.36, compared to 1723680000 on 13922316. Therefore, it implies a Short% of Shares Outstanding of 14010750 and a Short% of Float of 9.959999999999999.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 18.87.

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