TEGNA Inc (TGNA) ticks all the boxes for top investors with its surprise performance of -7.72% last month.

On Friday, TEGNA Inc (NYSE: TGNA) trading session started at the price of On Friday, that was 14.34% up from the session before settling in for the closing price of $19.00. A 52-week range for TGNA has been $13.65 – $22.29.

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Annual sales at Communication Services sector company grew by 10.85% over the past five years. When this article was written, the company’s average yearly earnings per share was at -34.57%. With a float of $194.59 million, this company’s outstanding shares have now reached $223.45 million.

Let’s look at the performance matrix of the company that is accounted for Dec 07 2023 employees.

TEGNA Inc (TGNA) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward TEGNA Inc stocks. The insider ownership of TEGNA Inc is 1.29%, while institutional ownership is 85.92%. The most recent insider transaction that took place on Feb 05, was worth 2,281,500. In this transaction President and CEO of this company sold 150,000 shares at a rate of $15.21, taking the stock ownership to the 636,262 shares. Before that another transaction happened on Nov 30, when Company’s President and CEO sold 100,000 for $15.38, making the entire transaction worth $1,538,000. This insider now owns 786,262 shares in total.

TEGNA Inc (TGNA) Latest Financial update

Going through the last 3-months fiscal report unveiled on the 9/30/2023, it has been observed that the corporation posted $0.39 earnings per share (EPS) during the time that was better than consensus figure (set at $0.39) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -34.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -0.21% drop over the previous five years of trading.

TEGNA Inc (NYSE: TGNA) Trading Performance Indicators

You can see what TEGNA Inc (TGNA) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.91. Likewise, its price to free cash flow for the trailing twelve months is 4.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.83, a number that is poised to hit 0.46 in the next quarter and is forecasted to reach 3.50 in one year’s time.

Technical Analysis of TEGNA Inc (TGNA)

TEGNA Inc (NYSE: TGNA) saw its 5-day average volume 3.09 million, a positive change from its year-to-date volume of 1.92 million. As of the previous 9 days, the stock’s Stochastic %D was 6.54%. Additionally, its Average True Range was 0.34.

During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 28.13%, which indicates a significant increase from 12.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.21% in the past 14 days, which was higher than the 25.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.35, while its 200-day Moving Average is $15.69. Nevertheless, the first resistance level for the watch stands at $14.47 in the near term. At $14.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.78. If the price goes on to break the first support level at $14.16, it is likely to go to the next support level at $13.98. The third support level lies at $13.85 if the price breaches the second support level.

TEGNA Inc (NYSE: TGNA) Key Stats

There are 196,968K outstanding shares of the company, which has a market capitalization of 2.82 billion. As of now, sales total 3,279 M while income totals 630,470 K. Its latest quarter income was 713,240 K while its last quarter net income were 96,180 K.