Gray Television Inc. (NYSE: GTN) started the day on March 16, 2023, with a price increase of 0.11% at $8.98. During the day, the stock rose to $9.20 and sunk to $8.68 before settling in for the price of $8.97 at the close. Taking a more long-term approach, GTN posted a 52-week range of $8.61-$23.80.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
It was noted that the giant of the Communication Services sector posted annual sales growth of 33.00% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 22.50%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 983.30%. This publicly-traded company’s shares outstanding now amounts to $89.00 million, simultaneously with a float of $75.89 million. The organization now has a market capitalization sitting at $837.74 million. At the time of writing, stock’s 50-day Moving Average stood at $11.71, while the 200-day Moving Average is $14.77.
It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 8942 workers. For the Profitability, stocks gross margin was +29.87, operating margin was +27.09 and Pretax Margin of +16.70.
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 2.50%, in contrast to 91.40% institutional ownership. According to the most recent insider trade that took place on Dec 19, this organization’s 10% Owner bought 68,750 shares at the rate of 17.82, making the entire transaction reach 1,225,350 in total value, affecting insider ownership by 1,042,217. Preceding that transaction, on Dec 19, Company’s 10% Owner sold 68,750 for 17.82, making the whole transaction’s value amount to 1,225,350. This particular insider is now the holder of 0 in total.
Gray Television Inc. (GTN) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 9/29/2022, the organization reported $1.03 earnings per share (EPS) for the three months, lower than the consensus estimate (set at $1.41) by -$0.38. This company achieved a net margin of +12.38 while generating a return on equity of 17.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
Gray Television Inc.’s EPS increase for this current 12-month fiscal period is 983.30% and is forecasted to reach 4.87 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 22.50% 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 2.10. The Stock has managed to achieve an average true range (ATR) of 0.51. Alongside those numbers, its PE Ratio stands at $2.07, and its Beta score is 1.62. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.23. Similarly, its price to free cash flow for trailing twelve months is now 2.31.
In the same vein, GTN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 4.33, a figure that is expected to reach -0.26 in the next quarter, and analysts are predicting that it will be 4.87 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 1.06 million that shows progress from its year to date volume of 0.75 million. During the previous 9 days, stock’s Stochastic %D was recorded 5.43% While, its Average True Range was 0.51.
Raw Stochastic average of Gray Television Inc. (GTN) in the period of the previous 100 days is set at 5.16%, which indicates a major fall in contrast to 7.46% 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 28.81% that was lower than 83.22% volatility it exhibited in the past 100-days period.