TEGNA Inc (NYSE: TGNA) on Friday, soared 2.07% from the previous trading day, before settling in for the closing price of $13.54. Within the past 52 weeks, TGNA’s price has moved between $13.18 and $17.37.
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It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 6.43%. The company achieved an average annual earnings per share of 83.28%. With a float of $173.56 million, this company’s outstanding shares have now reached $179.92 million.
The extent of productivity of a business whose workforce counts for 6200 workers is very important to gauge.
TEGNA Inc (TGNA) Insider and Institutional Ownership
Observing investor behavior towards Broadcasting industry stocks is more important than anything else. The insider ownership of TEGNA Inc is 1.60%, while institutional ownership is 93.32%. The most recent insider transaction that took place on Apr 01 ’24, was worth 643,125. In this transaction President and CEO of this company sold 43,750 shares at a rate of $14.70, taking the stock ownership to the 725,651 shares. Before that another transaction happened on Mar 15 ’24, when Company’s SVP and Chief Legal Officer sold 8,477 for $15.00, making the entire transaction worth $127,155. This insider now owns 1 shares in total.
TEGNA Inc (TGNA) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 30.74 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 83.28% 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 4.05% growth over the previous five years of trading.
TEGNA Inc (NYSE: TGNA) Trading Performance Indicators
TEGNA Inc (TGNA) is currently performing well based on its current performance indicators. A quick ratio of 2.48 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.84. Likewise, its price to free cash flow for the trailing twelve months is 4.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.26, a number that is poised to hit 0.43 in the next quarter and is forecasted to reach 2.15 in one year’s time.
Technical Analysis of TEGNA Inc (TGNA)
The latest stats from [TEGNA Inc, TGNA] show that its last 5-days average volume of 1.52 million was inferior to 2.18 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 31.92%. Additionally, its Average True Range was 0.34.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 22.70%, which indicates a significant decrease from 40.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.59% in the past 14 days, which was lower than the 26.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.26, while its 200-day Moving Average is $15.24. Now, the first resistance to watch is $13.95. This is followed by the second major resistance level at $14.07. The third major resistance level sits at $14.29. If the price goes on to break the first support level at $13.61, it is likely to go to the next support level at $13.39. The third support level lies at $13.27 if the price breaches the second support level.
TEGNA Inc (NYSE: TGNA) Key Stats
Market capitalization of the company is 2.43 billion based on 176,106K outstanding shares. Right now, sales total 2,911 M and income totals 476,720 K. The company made 725,850 K in profit during its latest quarter, and 76,130 K in sales during its previous quarter.
