Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Gray Television, Inc. (NYSE: GTN) closed at $6.02 in the last session, up 1.69% from day before closing price of $5.92. In other words, the price has increased by $1.69 from its previous closing price. On the day, 0.9 million shares were traded. GTN stock price reached its highest trading level at $6.055 during the session, while it also had its lowest trading level at $5.875.
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 27.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.95. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.18. In the meantime, Its Debt-to-Equity ratio is 2.38 whereas as Long-Term Debt/Eq ratio is at 2.37.
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 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 609410624 and an Enterprise Value of 7438419456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 2.267 whereas that against EBITDA is 9.428.
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 -3.32%, while the 200-Day Moving Average is calculated to be -20.87%.
Shares Statistics:
According to the various share statistics, GTN traded on average about 1.26M shares per day over the past 3-months and 885490 shares per day over the past 10 days. A total of 87.23M shares are outstanding, with a floating share count of 81.40M. Insiders hold about 16.26% of the company’s shares, while institutions hold 79.07% stake in the company. Shares short for GTN as of 1711584000 were 6687865 with a Short Ratio of 5.29, compared to 1709164800 on 5496005. Therefore, it implies a Short% of Shares Outstanding of 6687865 and a Short% of Float of 7.739999999999999.
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 0.05405405The stock’s 5-year Average Dividend Yield is 4.83.
