Gray Television Inc. (NYSE: GTN) started the day on May 03, 2021, with a price increase of 9.10% at $22.17. During the day, the stock rose to $23.25 and sunk to $19.8324 before settling in for the price of $20.32 at the close. Taking a more long-term approach, GTN posted a 52-week range of $10.45-$21.22.
The Communication Services Sector giants’ yearly sales growth during the last 5-year period was 31.90%. Meanwhile, its Annual Earning per share during the time was 45.30%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 190.60%. This publicly-traded company’s shares outstanding now amounts to $93.00 million, simultaneously with a float of $86.56 million. The organization now has a market capitalization sitting at $2.11 billion. At the time of writing, stock’s 50-day Moving Average stood at $19.58, while the 200-day Moving Average is $16.81.
Let’s gauge the efficiency of the firm, which has a total of 7017 employees. It has generated 339,319 per worker during the last fiscal year. Meanwhile, its income per employee was 58,430. The stock had 5.56 Receivables turnover and 0.32 Total Asset turnover. For the Profitability, stocks gross margin was +33.10, operating margin was +30.41 and Pretax Margin of +22.85.
Gray Television Inc. (GTN) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Broadcasting Industry. Gray Television Inc.’s current insider ownership accounts for 2.30%, in contrast to 86.70% institutional ownership. According to the most recent insider trade that took place on Apr 16, this organization’s EVP Chief L & D Officer sold 27,670 shares at the rate of 20.02, making the entire transaction reach 553,953 in total value, affecting insider ownership by 214,001. Preceding that transaction, on Mar 08, Company’s EVP Chief L & D Officer sold 11,897 for 20.00, making the whole transaction’s value amount to 237,940. This particular insider is now the holder of 241,671 in total.
Gray Television Inc. (GTN) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2020, the organization reported $2.32 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at $1.88) by $0.44. This company achieved a net margin of +17.22 while generating a return on equity of 18.15. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.
Gray Television Inc.’s EPS increase for this current 12-month fiscal period is 190.60% and is forecasted to reach 3.65 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 36.90% through the next 5 years, which can be compared against the 45.30% growth it accomplished over the previous five years trading on the market.
Gray Television Inc. (NYSE: GTN) Trading Performance Indicators
Let’s observe the current performance indicators for Gray Television Inc. (GTN). It’s Quick Ratio in the last reported quarter now stands at 5.10. The Stock has managed to achieve an average true range (ATR) of 0.76. Alongside those numbers, its PE Ratio stands at $6.00, and its Beta score is 2.05. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.89. Similarly, its price to free cash flow for trailing twelve months is now 3.89.
In the same vein, GTN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 3.69, a figure that is expected to reach 0.18 in the next quarter, and analysts are predicting that it will be 3.65 at the market close of one year from today.
Technical Analysis of Gray Television Inc. (GTN)
If we take a close look at the recent performances of Gray Television Inc. (NYSE: GTN), its last 5-days Average volume was 1.15 million that shows progress from its year to date volume of 0.66 million. During the previous 9 days, stock’s Stochastic %D was recorded 80.09% While, its Average True Range was 0.82.
Raw Stochastic average of Gray Television Inc. (GTN) in the period of the previous 100 days is set at 84.46%, which indicates a major rise in contrast to 73.91% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 37.81% that was higher than 37.36% volatility it exhibited in the past 100-days period.