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The price of TEGNA Inc (NYSE: TGNA) closed at $15.85 in the last session, up 0.44% from day before closing price of $15.78. In other words, the price has increased by $0.44 from its previous closing price. On the day, 1.64 million shares were traded. TGNA stock price reached its highest trading level at $15.96 during the session, while it also had its lowest trading level at $15.54.
Ratios:
We take a closer look at TGNA’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 6.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.91. For the most recent quarter (mrq), Quick Ratio is recorded 2.53 and its Current Ratio is at 2.53. In the meantime, Its Debt-to-Equity ratio is 1.12 whereas as Long-Term Debt/Eq ratio is at 1.12.
On May 05, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $24.
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 Jul 01 ’24 when Lougee David T sold 98,437 shares for $13.98 per share. The transaction valued at 1,376,149 led to the insider holds 594,401 shares of the business.
Trelstad Lynn B. sold 25,000 shares of TGNA for $349,750 on Jun 07 ’24. The EVP and COO, Media Operations now owns 190,474 shares after completing the transaction at $13.99 per share. On May 16 ’24, another insider, Lougee David T, who serves as the President and CEO of the company, sold 32,813 shares for $15.04 each. As a result, the insider received 493,508 and left with 692,838 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, TGNA now has a Market Capitalization of 2688239104 and an Enterprise Value of 5421282304. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.54, and their Forward P/E ratio for the next fiscal year is 7.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 1.879 whereas that against EBITDA is 7.762.
Stock Price History:
The Beta on a monthly basis for TGNA is 0.52, which has changed by -0.060462356 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, TGNA has reached a high of $17.37, while it has fallen to a 52-week low of $12.35. The 50-Day Moving Average of the stock is 10.20%, while the 200-Day Moving Average is calculated to be 8.10%.
Shares Statistics:
According to the various share statistics, TGNA traded on average about 2.16M shares per day over the past 3-months and 2007950 shares per day over the past 10 days. A total of 179.92M shares are outstanding, with a floating share count of 167.32M. Insiders hold about 1.35% of the company’s shares, while institutions hold 90.96% stake in the company. Shares short for TGNA as of 1719532800 were 9170370 with a Short Ratio of 4.25, compared to 1717113600 on 12118153. Therefore, it implies a Short% of Shares Outstanding of 9170370 and a Short% of Float of 7.8600004000000006.
Dividends & Splits
The forward annual dividend rate for TGNA is 0.47, which was 0.436 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.027629912The stock’s 5-year Average Dividend Yield is 2.09. The current Payout Ratio is 18.28% for TGNA, which recently paid a dividend on 2024-06-07 with an ex-dividend date of 1717718400. Stock splits for the company last occurred on 2017-06-01 when the company split stock in a 15625:10000 ratio.
