Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Gray Television, Inc (NYSE: GTN) closed at $3.99 down -8.70% from its previous closing price of $4.37. In other words, the price has decreased by -$8.70 from its previous closing price. On the day, 1.49 million shares were traded. GTN stock price reached its highest trading level at $4.37 during the session, while it also had its lowest trading level at $3.99.
Ratios:
For a deeper understanding of Gray Television, Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.40. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 426411296 and an Enterprise Value of 6926529536. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at 2.0 whereas that against EBITDA is 7.322.
Stock Price History:
The Beta on a monthly basis for GTN is 1.35, which has changed by -0.50898874 over the last 52 weeks, in comparison to a change of 0.27870452 over the same period for the S&P500. Over the past 52 weeks, GTN has reached a high of $10.07, while it has fallen to a 52-week low of $3.95. The 50-Day Moving Average of the stock is -20.63%, while the 200-Day Moving Average is calculated to be -26.36%.
Shares Statistics:
For the past three months, GTN has traded an average of 1.20M shares per day and 996750 over the past ten days. 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 3.73, 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
According to the company, the forward annual dividend rate for GTN is 0.32, from 0.32 in the trailing year. Against a Trailing Annual Dividend Yield of 0.07322654The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
Gray Television, Inc (GTN) is presently subject to a detailed evaluation by 3.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.19 and low estimates of -$0.34.
Analysts are recommending an EPS of between $2.4 and $2.4 for the fiscal current year, implying an average EPS of $2.4. EPS for the following year is -$0.5, with 3.0 analysts recommending between -$0.25 and -$0.82.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $1.04B this quarter.It ranges from a high estimate of $1.04B to a low estimate of $1.02B. As of the current estimate, Gray Television, Inc’s year-ago sales were $864MFor the next quarter, 7 analysts are estimating revenue of $797.86M. There is a high estimate of $807M for the next quarter, whereas the lowest estimate is $785.8M.
A total of 7 analysts have provided revenue estimates for GTN’s current fiscal year. The highest revenue estimate was $3.64B, while the lowest revenue estimate was $3.62B, resulting in an average revenue estimate of $3.63B. In the same quarter a year ago, actual revenue was $3.28BBased on 6 analysts’ estimates, the company’s revenue will be $3.23B in the next fiscal year. The high estimate is $3.28B and the low estimate is $3.21B.
