Recent developments with Gray Television, Inc. (GTN) have led to the company’s beta value being reach 1.65 cents.

On Friday, Gray Television, Inc. (NYSE: GTN) opened higher 8.03% from the last session, before settling in for the closing price of $12.88. Price fluctuations for GTN have ranged from $5.97 to $13.73 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 40.41%. Company’s average yearly earnings per share was noted -126.30% at the time writing. With a float of $82.32 million, this company’s outstanding shares have now reached $85.47 million.

The extent of productivity of a business whose workforce counts for Dec 14 2023 workers is very important to gauge.

Gray Television, Inc. (GTN) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Broadcasting industry is another important factor to consider. The insider ownership of Gray Television, Inc. is 13.76%, while institutional ownership is 76.36%. The most recent insider transaction that took place on Jan 02, was worth 3,578. In this transaction Director of this company bought 399 shares at a rate of $8.97, taking the stock ownership to the 60,130 shares. Before that another transaction happened on Jan 02, when Company’s Director bought 19 for $8.89, making the entire transaction worth $169. This insider now owns 2,092 shares in total.

Gray Television, Inc. (GTN) Latest Financial update

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.57 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.32) by -$0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -126.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.90% during the next five years compared to 4.08% growth over the previous five years of trading.

Gray Television, Inc. (NYSE: GTN) Trading Performance Indicators

Check out the current performance indicators for Gray Television, Inc. (GTN). In the past quarter, the stock posted a quick ratio of 1.13. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22. Likewise, its price to free cash flow for the trailing twelve months is 2.06.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.74, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach 4.19 in one year’s time.

Technical Analysis of Gray Television, Inc. (GTN)

The latest stats from [Gray Television, Inc., GTN] show that its last 5-days average volume of 1.33 million was superior to 0.81 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 18.04%. Additionally, its Average True Range was 0.49.

During the past 100 days, Gray Television, Inc.’s (GTN) raw stochastic average was set at 50.24%, which indicates a significant increase from 27.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 82.91% in the past 14 days, which was higher than the 62.03% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $8.80, while its 200-day Moving Average is $7.94. Now, the first resistance to watch is $8.15. This is followed by the second major resistance level at $8.26. The third major resistance level sits at $8.49. If the price goes on to break the first support level at $7.81, it is likely to go to the next support level at $7.58. The third support level lies at $7.47 if the price breaches the second support level.

Gray Television, Inc. (NYSE: GTN) Key Stats

There are currently 95,455K shares outstanding in the company with a market cap of 766.46 million. Presently, the company’s annual sales total 3,676 M according to its annual income of 455,000 K. Last quarter, the company’s sales amounted to 803,000 K and its income totaled -40,000 K.