A new trading day began on Tuesday, with Gannett Co Inc. (NYSE: GCI) stock price up 5.60% from the previous day of trading, before settling in for the closing price of $2.32. GCI’s price has ranged from $1.62 to $3.60 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 16.23%. Meanwhile, its annual earnings per share averaged -24.21%. With a float of $123.49 million, this company’s outstanding shares have now reached $148.94 million.
The extent of productivity of a business whose workforce counts for 12800 workers is very important to gauge.
Gannett Co Inc. (GCI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Publishing Industry. The insider ownership of Gannett Co Inc. is 17.02%, while institutional ownership is 61.34%. The most recent insider transaction that took place on Nov 16 ’23, was worth 370,000. In this transaction Director of this company bought 200,000 shares at a rate of $1.85, taking the stock ownership to the 1,008,799 shares. Before that another transaction happened on Nov 06 ’23, when Company’s Chief Executive Officer bought 60,000 for $2.01, making the entire transaction worth $120,600. This insider now owns 3,304,323 shares in total.
Gannett Co Inc. (GCI) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -24.21% per share during the next fiscal year.
Gannett Co Inc. (NYSE: GCI) Trading Performance Indicators
Here are Gannett Co Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.78. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14. Likewise, its price to free cash flow for the trailing twelve months is 6.46.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach 0.24 in one year’s time.
Technical Analysis of Gannett Co Inc. (GCI)
The latest stats from [Gannett Co Inc., GCI] show that its last 5-days average volume of 0.94 million was superior to 0.67 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 45.64%. Additionally, its Average True Range was 0.13.
During the past 100 days, Gannett Co Inc.’s (GCI) raw stochastic average was set at 77.99%, which indicates a significant increase from 67.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.94% in the past 14 days, which was lower than the 56.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.21, while its 200-day Moving Average is $2.41. Now, the first resistance to watch is $2.53. This is followed by the second major resistance level at $2.60. The third major resistance level sits at $2.74. If the price goes on to break the first support level at $2.32, it is likely to go to the next support level at $2.18. The third support level lies at $2.10 if the price breaches the second support level.
Gannett Co Inc. (NYSE: GCI) Key Stats
With a market capitalization of 364.58 million, the company has a total of 148,814K Shares Outstanding. Currently, annual sales are 2,664 M while annual income is -27,790 K. The company’s previous quarter sales were 669,410 K while its latest quarter income was -22,890 K.
