Market Insight: Gray Television, Inc. (GTN)’s Notable Drop, Closing at 5.52

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In the latest session, Gray Television, Inc. (NYSE: GTN) closed at $5.52 down -2.82% from its previous closing price of $5.68. In other words, the price has decreased by -$2.82 from its previous closing price. On the day, 1.07 million shares were traded. GTN stock price reached its highest trading level at $5.78 during the session, while it also had its lowest trading level at $5.5.


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 4.08 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.10. 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:

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 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 570055936 and an Enterprise Value of 7270491136. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 2.201 whereas that against EBITDA is 8.877.

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 $5.44. The 50-Day Moving Average of the stock is -9.40%, while the 200-Day Moving Average is calculated to be -23.15%.

Shares Statistics:

For the past three months, GTN has traded an average of 1.15M shares per day and 1295890 over the past ten days. A total of 87.23M shares are outstanding, with a floating share count of 83.20M. Insiders hold about 16.08% of the company’s shares, while institutions hold 75.52% stake in the company. Shares short for GTN as of 1715731200 were 7204285 with a Short Ratio of 6.24, compared to 1713139200 on 6425024. Therefore, it implies a Short% of Shares Outstanding of 7204285 and a Short% of Float of 8.3500005.

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 0.056338027The stock’s 5-year Average Dividend Yield is 4.83.

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