Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Gray Television, Inc (NYSE: GTN) closed the day trading at $4.51 up 5.37% from the previous closing price of $4.28. In other words, the price has increased by $5.37 from its previous closing price. On the day, 2.83 million shares were traded. GTN stock price reached its highest trading level at $4.61 during the session, while it also had its lowest trading level at $4.27.
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 5.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1.14. 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:
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 HILTON H JR 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 Robin Robinson bought 10,000 shares of GTN for $80,934 on Mar 28 ’24. The Director 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 471074048 and an Enterprise Value of 7217122304. As of this moment, Gray’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.30. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at 2.084 whereas that against EBITDA is 7.629.
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 -14.66%, while the 200-Day Moving Average is calculated to be -22.55%.
Shares Statistics:
Over the past 3-months, GTN traded about 1.22M shares per day on average, while over the past 10 days, GTN traded about 1583140 shares per day. A total of 87.23M shares are outstanding, with a floating share count of 84.42M. Insiders hold about 15.30% of the company’s shares, while institutions hold 71.22% stake in the company. Shares short for GTN as of 1728950400 were 4552589 with a Short Ratio of 3.72, compared to 1726185600 on 6282238. Therefore, it implies a Short% of Shares Outstanding of 4552589 and a Short% of Float of 5.239999699999999.
Dividends & Splits
GTN’s forward annual dividend rate is 0.32, up from 0.32 a year ago. Against a Trailing Annual Dividend Yield of 0.07476635The stock’s 5-year Average Dividend Yield is 4.83.
