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The closing price of Gray Television, Inc. (NYSE: GTN) was $6.45 for the day, down -0.77% from the previous closing price of $6.50. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 1.46 million shares were traded. GTN stock price reached its highest trading level at $6.61 during the session, while it also had its lowest trading level at $6.37.
Ratios:
Our analysis of GTN’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 4.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.98. 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:
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 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 665259456 and an Enterprise Value of 7359025152. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.19 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 2.228 whereas that against EBITDA is 8.985.
Stock Price History:
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 16.73%, while the 200-Day Moving Average is calculated to be -5.79%.
Shares Statistics:
GTN traded an average of 1.38M shares per day over the past three months and 1532130 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 76.40% stake in the company. Shares short for GTN as of 1721001600 were 6205827 with a Short Ratio of 4.50, compared to 1718323200 on 7049075. Therefore, it implies a Short% of Shares Outstanding of 6205827 and a Short% of Float of 7.19.
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 0.04923077The stock’s 5-year Average Dividend Yield is 4.83.
