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The closing price of Gannett Co Inc. (NYSE: GCI) was $4.91 for the day, up 1.45% from the previous closing price of $4.84. In other words, the price has increased by $1.45 from its previous closing price. On the day, 1.92 million shares were traded. GCI stock price reached its highest trading level at $5.03 during the session, while it also had its lowest trading level at $4.855.
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 7.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.66. 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, JMP Securities on July 01, 2024, initiated with a Mkt Outperform rating and assigned the stock a target price of $6.
On May 24, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $1.95 to $3.60.
On December 12, 2023, Compass Point started tracking the stock assigning a Buy rating and target price of $5.Compass Point initiated its Buy rating on December 12, 2023, with a $5 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 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 724460672 and an Enterprise Value of 1849254400. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 3.10. Its current Enterprise Value per Revenue stands at 0.703 whereas that against EBITDA is 7.703.
Stock Price History:
Over the past 52 weeks, GCI has reached a high of $5.05, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is 12.38%, while the 200-Day Moving Average is calculated to be 72.91%.
Shares Statistics:
GCI traded an average of 1.43M shares per day over the past three months and 996820 shares per day over the past ten days. A total of 148.94M shares are outstanding, with a floating share count of 120.38M. Insiders hold about 18.42% of the company’s shares, while institutions hold 61.38% stake in the company. Shares short for GCI as of 1721001600 were 17482988 with a Short Ratio of 12.22, compared to 1718323200 on 17442508. Therefore, it implies a Short% of Shares Outstanding of 17482988 and a Short% of Float of 12.44.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 18.87.
