TEGNA Inc (TGNA)’s Market Momentum: Closing Strong at 12.86, Down -2.43

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As of close of business last night, TEGNA Inc’s stock clocked out at $12.86, down -2.43% from its previous closing price of $13.18. In other words, the price has decreased by -$2.43 from its previous closing price. On the day, 2.38 million shares were traded. TGNA stock price reached its highest trading level at $13.17 during the session, while it also had its lowest trading level at $12.725.

Ratios:

To gain a deeper understanding of TGNA’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.79. 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 07 ’24 when Trelstad Lynn B. sold 25,000 shares for $13.99 per share. The transaction valued at 349,750 led to the insider holds 190,474 shares of the business.

Lougee David T sold 32,813 shares of TGNA for $493,508 on May 16 ’24. The President and CEO now owns 692,838 shares after completing the transaction at $15.04 per share. On May 14 ’24, another insider, McClelland Clifton A. III, who serves as the SVP, Cntlr and Prin. Acc. Off. of the company, sold 54,093 shares for $15.78 each. As a result, the insider received 853,588 and left with 42,602 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 2181120256 and an Enterprise Value of 4914162688. As of this moment, TEGNA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.49, and their Forward P/E ratio for the next fiscal year is 5.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.703 whereas that against EBITDA is 7.036.

Stock Price History:

Over the past 52 weeks, TGNA has reached a high of $17.37, while it has fallen to a 52-week low of $13.18. The 50-Day Moving Average of the stock is -9.62%, while the 200-Day Moving Average is calculated to be -13.12%.

Shares Statistics:

It appears that TGNA traded 1.89M shares on average per day over the past three months and 1758940 shares per day over the past ten days. A total of 179.92M shares are outstanding, with a floating share count of 167.22M. Insiders hold about 1.41% of the company’s shares, while institutions hold 91.51% stake in the company. Shares short for TGNA as of 1715731200 were 10709375 with a Short Ratio of 6.41, compared to 1713139200 on 7524915. Therefore, it implies a Short% of Shares Outstanding of 10709375 and a Short% of Float of 9.1800004.

Dividends & Splits

With its trailing 12-month dividend rate of 0.436, TGNA has a forward annual dividend rate of 0.47. Against a Trailing Annual Dividend Yield of 0.033080425The stock’s 5-year Average Dividend Yield is 2.07.

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