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The price of Gray Television, Inc. (NYSE: GTN) closed at $4.98 in the last session, down -0.99% from day before closing price of $5.03. In other words, the price has decreased by -$0.99 from its previous closing price. On the day, 1.03 million shares were traded. GTN stock price reached its highest trading level at $5.1 during the session, while it also had its lowest trading level at $4.91.
Ratios:
We take a closer look at GTN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 6.45. For the most recent quarter (mrq), Quick Ratio is recorded 1.61 and its Current Ratio is at 1.63. In the meantime, Its Debt-to-Equity ratio is 2.30 whereas as Long-Term Debt/Eq ratio is at 2.29.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 28 ’24 when HOWELL HILTON H JR 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 Robin Robinson bought 10,000 shares of GTN for $80,934 on Mar 28 ’24. The Director 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 516152096 and an Enterprise Value of 7261946880. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 64.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.15 while its Price-to-Book (P/B) ratio in mrq is 0.24. Its current Enterprise Value per Revenue stands at 2.19 whereas that against EBITDA is 8.878.
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 $4.15. The 50-Day Moving Average of the stock is -3.95%, while the 200-Day Moving Average is calculated to be -22.64%.
Shares Statistics:
According to the various share statistics, GTN traded on average about 1.61M shares per day over the past 3-months and 1386720 shares per day over the past 10 days. A total of 87.23M shares are outstanding, with a floating share count of 84.16M. Insiders hold about 15.56% of the company’s shares, while institutions hold 73.71% stake in the company. Shares short for GTN as of 1724976000 were 6018216 with a Short Ratio of 3.74, compared to 1722384000 on 5982407. Therefore, it implies a Short% of Shares Outstanding of 6018216 and a Short% of Float of 6.9299996.
Dividends & Splits
The forward annual dividend rate for GTN is 0.32, which was 0.32 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.06361829The stock’s 5-year Average Dividend Yield is 4.83.
