On Tuesday, Gray Television, Inc. (NYSE: GTN) was -2.30% down from the session before settling in for the closing price of $5.66. A 52-week range for GTN has been $5.44 – $10.69.
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Communication Services Sector giant saw their annual sales surged by 30.18% over the last five years. When this article was written, the company’s average yearly earnings per share was at 367.93%. With a float of $81.75 million, this company’s outstanding shares have now reached $87.23 million.
The firm has a total of 9374 workers. Let’s measure their productivity.
Gray Television, Inc. (GTN) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Gray Television, Inc. stocks. The insider ownership of Gray Television, Inc. is 15.89%, while institutional ownership is 79.11%. The most recent insider transaction that took place on Mar 28 ’24, was worth 80,934. In this transaction Director of this company bought 10,000 shares at a rate of $8.09, taking the stock ownership to the 2,982,386 shares. Before that another transaction happened on Mar 28 ’24, when Company’s Chairman, President & CEO bought 10,000 for $8.09, making the entire transaction worth $80,934. This insider now owns 2,982,386 shares in total.
Gray Television, Inc. (GTN) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 367.93% per share during the next fiscal year.
Gray Television, Inc. (NYSE: GTN) Trading Performance Indicators
You can see what Gray Television, Inc. (GTN) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16. Likewise, its price to free cash flow for the trailing twelve months is 1.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.38, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach -0.59 in one year’s time.
Technical Analysis of Gray Television, Inc. (GTN)
Analysing the last 5-days average volume posted by the [Gray Television, Inc., GTN], we can find that recorded value of 0.88 million was lower than the volume posted last year of 1.16 million. As of the previous 9 days, the stock’s Stochastic %D was 5.82%. Additionally, its Average True Range was 0.26.
During the past 100 days, Gray Television, Inc.’s (GTN) raw stochastic average was set at 1.94%, which indicates a significant increase from 1.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.06% in the past 14 days, which was lower than the 68.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.46, while its 200-day Moving Average is $7.66. Now, the first resistance to watch is $5.59. This is followed by the second major resistance level at $5.64. The third major resistance level sits at $5.68. If the price goes on to break the first support level at $5.50, it is likely to go to the next support level at $5.46. Should the price break the second support level, the third support level stands at $5.41.
Gray Television, Inc. (NYSE: GTN) Key Stats
There are 97,204K outstanding shares of the company, which has a market capitalization of 537.52 million. As of now, sales total 3,281 M while income totals -76,000 K. Its latest quarter income was 864,000 K while its last quarter net income were -9,000 K.
