Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Gray Television, Inc (NYSE: GTN) closed at $4.37 in the last session, up 2.34% from day before closing price of $4.27. In other words, the price has increased by $2.34 from its previous closing price. On the day, 1.35 million shares were traded. GTN stock price reached its highest trading level at $4.435 during the session, while it also had its lowest trading level at $4.16.
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 6.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.51. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.13. In the meantime, Its Debt-to-Equity ratio is 2.15 whereas as Long-Term Debt/Eq ratio is at 2.13.
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 Dec 02 ’24 when Latek Kevin Paul bought 150,216 shares for $4.33 per share.
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 Mar 28 ’24, another insider, Howell Robin Robinson, who serves as the Director of the company, bought 10,000 shares for $8.09 each. As a result, the insider paid 80,934 and bolstered with 2,982,386 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 457740000 and an Enterprise Value of 6962770432. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.20. Its current Enterprise Value per Revenue stands at 2.011 whereas that against EBITDA is 7.36.
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 $3.95. The 50-Day Moving Average of the stock is -15.37%, while the 200-Day Moving Average is calculated to be -20.85%.
Shares Statistics:
According to the various share statistics, GTN traded on average about 1.20M shares per day over the past 3-months and 1227440 shares per day over the past 10 days. A total of 90.82M shares are outstanding, with a floating share count of 84.42M. Insiders hold about 15.30% of the company’s shares, while institutions hold 65.52% stake in the company. Shares short for GTN as of 1731628800 were 4617807 with a Short Ratio of 3.86, compared to 1728950400 on 4552589. Therefore, it implies a Short% of Shares Outstanding of 4617807 and a Short% of Float of 5.3200003.
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 0.07494145The stock’s 5-year Average Dividend Yield is 4.83.
