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Gray Television, Inc. (NYSE: GTN) closed the day trading at $6.74 up 0.60% from the previous closing price of $6.70. In other words, the price has increased by $0.60 from its previous closing price. On the day, 1.22 million shares were traded. GTN stock price reached its highest trading level at $6.79 during the session, while it also had its lowest trading level at $6.3.
Ratios:
For a better understanding of GTN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.47. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 681973376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.20 while its Price-to-Book (P/B) ratio in mrq is 0.33.
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 14.20%, while the 200-Day Moving Average is calculated to be -9.72%.
Shares Statistics:
Over the past 3-months, GTN traded about 1.27M shares per day on average, while over the past 10 days, GTN traded about 969290 shares per day. A total of 87.23M shares are outstanding, with a floating share count of 81.46M. Insiders hold about 16.20% of the company’s shares, while institutions hold 79.20% stake in the company. Shares short for GTN as of 1713139200 were 6425024 with a Short Ratio of 5.04, compared to 1710460800 on 5297055. Therefore, it implies a Short% of Shares Outstanding of 6425024 and a Short% of Float of 7.4399999999999995.
Dividends & Splits
GTN’s forward annual dividend rate is 0.32, up from 0.24 a year ago. Against a Trailing Annual Dividend Yield of 0.035820894The stock’s 5-year Average Dividend Yield is 4.83.
