As on Wednesday, Gray Television, Inc. (NYSE: GTN) got off with the flyer as it spiked 3.32% to $6.22, before settling in for the price of $6.02 at the close. Taking a more long-term approach, GTN posted a 52-week range of $5.44-$10.69.
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In the past 5-years timespan, the Communication Services sector firm’s annual sales growth was 36.31%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 367.93%. This publicly-traded company’s shares outstanding now amounts to $87.23 million, simultaneously with a float of $82.22 million. The organization now has a market capitalization sitting at $604.58 million. At the time of writing, stock’s 50-day Moving Average stood at $7.38, while the 200-day Moving Average is $7.76.
Gray Television, Inc. (GTN) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Broadcasting industry. Gray Television, Inc.’s current insider ownership accounts for 15.41%, in contrast to 79.15% institutional ownership. According to the most recent insider trade that took place on Jan 02 ’24, this organization’s Director bought 399 shares at the rate of 8.97, making the entire transaction reach 3,578 in total value, affecting insider ownership by 60,130. Preceding that transaction, on Jan 02 ’24, Company’s Director bought 19 for 8.89, making the whole transaction’s value amount to 169. This particular insider is now the holder of 2,092 in total.
Gray Television, Inc. (GTN) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.24 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.16) by -$0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.14 per share during the current fiscal year.
Gray Television, Inc.’s EPS increase for this current 12-month fiscal period is 367.93% and is forecasted to reach -0.59 in the upcoming year.
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 1.14. The Stock has managed to achieve an average true range (ATR) of 0.31. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.18. Similarly, its price to free cash flow for trailing twelve months is now 2.02.
In the same vein, GTN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.38, a figure that is expected to reach 0.07 in the next quarter, and analysts are predicting that it will be -0.59 at the market close of one year from today.
Technical Analysis of Gray Television, Inc. (GTN)
Through scrutinizing the latest numbers posted by the [Gray Television, Inc., GTN], it can be observed that its last 5-days Average volume of 1.55 million was better the volume of 1.2 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 87.61% While, its Average True Range was 0.27.
Raw Stochastic average of Gray Television, Inc. (GTN) in the period of the previous 100 days is set at 16.85%, which indicates a major fall in contrast to 98.44% 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 40.26% that was lower than 75.41% volatility it exhibited in the past 100-days period.
