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 closing price of Gray Television, Inc. (NYSE: GTN) was $5.79 for the day, up 2.48% from the previous closing price of $5.65. In other words, the price has increased by $2.48 from its previous closing price. On the day, 0.91 million shares were traded. GTN stock price reached its highest trading level at $5.79 during the session, while it also had its lowest trading level at $5.5925.
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 26.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.88. 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:
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 577495744 and an Enterprise Value of 7416664576. 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 0.28. Its current Enterprise Value per Revenue stands at 2.26 whereas that against EBITDA is 9.4.
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 -9.49%, while the 200-Day Moving Average is calculated to be -24.32%.
Shares Statistics:
GTN traded an average of 1.25M shares per day over the past three months and 1001900 shares per day over the past ten days. A total of 87.23M shares are outstanding, with a floating share count of 81.75M. Insiders hold about 15.89% of the company’s shares, while institutions hold 79.11% stake in the company. Shares short for GTN as of 1711584000 were 6687865 with a Short Ratio of 5.33, 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
With its trailing 12-month dividend rate of 0.32, GTN has a forward annual dividend rate of 0.32. The stock’s 5-year Average Dividend Yield is 4.83.
Earnings Estimates
The market rating of Gray Television, Inc. (GTN) is currently shaped by the ongoing analysis conducted by Eaton Corporation, PLC analysts closely monitoring its performance.The consensus estimate for the next quarter is $11.71, with high estimates of $1.89 and low estimates of $20.38.
Analysts are recommending an EPS of between $Healthcare and $Technology for the fiscal current year, implying an average EPS of $Consumer Cyclical.
