As on Thursday, Gannett Co Inc. (NYSE: GCI) got off with the flyer as it spiked 4.78% to $3.29, before settling in for the price of $3.14 at the close. Taking a more long-term approach, GCI posted a 52-week range of $1.66-$3.60.
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It was noted that the giant of the Communication Services sector posted annual sales growth of 16.23% over the last 5 years. Nevertheless, stock’s Earnings Per Share (EPS) this year is -52.54%. This publicly-traded company’s shares outstanding now amounts to $148.94 million, simultaneously with a float of $122.44 million. The organization now has a market capitalization sitting at $485.44 million. At the time of writing, stock’s 50-day Moving Average stood at $2.40, while the 200-day Moving Average is $2.43.
Gannett Co Inc. (GCI) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Publishing industry. Gannett Co Inc.’s current insider ownership accounts for 17.02%, in contrast to 61.58% institutional ownership. According to the most recent insider trade that took place on Nov 16 ’23, this organization’s Director bought 200,000 shares at the rate of 1.85, making the entire transaction reach 370,000 in total value, affecting insider ownership by 1,008,799. Preceding that transaction, on Nov 06 ’23, Company’s Chief Executive Officer bought 60,000 for 2.01, making the whole transaction’s value amount to 120,600. This particular insider is now the holder of 3,304,323 in total.
Gannett Co Inc. (GCI) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.09 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.05) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
Gannett Co Inc.’s EPS decrease for this current 12-month fiscal period is -52.54% and is forecasted to reach 0.19 in the upcoming year.
Gannett Co Inc. (NYSE: GCI) Trading Performance Indicators
Let’s observe the current performance indicators for Gannett Co Inc. (GCI). It’s Quick Ratio in the last reported quarter now stands at 0.75. The Stock has managed to achieve an average true range (ATR) of 0.17. 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 7.14.
In the same vein, GCI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.86, a figure that is expected to reach -0.03 in the next quarter, and analysts are predicting that it will be 0.19 at the market close of one year from today.
Technical Analysis of Gannett Co Inc. (GCI)
Through scrutinizing the latest numbers posted by the [Gannett Co Inc., GCI], it can be observed that its last 5-days Average volume of 1.77 million was better the volume of 0.81 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 92.74% While, its Average True Range was 0.18.
Raw Stochastic average of Gannett Co Inc. (GCI) in the period of the previous 100 days is set at 97.82%, which indicates a major rise in contrast to 96.91% 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 110.40% that was higher than 62.86% volatility it exhibited in the past 100-days period.
