On Friday, Gray Television, Inc. (NYSE: GTN) opened lower -8.06% from the last session, before settling in for the closing price of $6.08. Price fluctuations for GTN have ranged from $4.39 to $10.69 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 30.18%. Company’s average yearly earnings per share was noted 418.09% at the time writing. With a float of $83.63 million, this company’s outstanding shares have now reached $87.23 million.
Considering the fact that the conglomerate employs 9374 people, you should pay attention to its efficiency factor.
Gray Television, Inc. (GTN) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Broadcasting industry is another important factor to consider. The insider ownership of Gray Television, Inc. is 15.64%, while institutional ownership is 76.66%. 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.1 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.18) by 0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 418.09% per share during the next fiscal year.
Gray Television, Inc. (NYSE: GTN) Trading Performance Indicators
Check out the current performance indicators for Gray Television, Inc. (GTN). In the past quarter, the stock posted a quick ratio of 1.39. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.17. Likewise, its price to free cash flow for the trailing twelve months is 17.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.11, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach -0.29 in one year’s time.
Technical Analysis of Gray Television, Inc. (GTN)
Compared to the last year’s volume of 1.25 million, its volume of 1.28 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 43.36%. Additionally, its Average True Range was 0.30.
During the past 100 days, Gray Television, Inc.’s (GTN) raw stochastic average was set at 39.74%, which indicates a significant increase from 29.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.00% in the past 14 days, which was higher than the 52.55% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.51, while its 200-day Moving Average is $6.84. Nevertheless, the first resistance level for the watch stands at $5.87 in the near term. At $6.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.30. If the price goes on to break the first support level at $5.44, it is likely to go to the next support level at $5.28. Now, if the price goes above the second support level, the third support stands at $5.01.
Gray Television, Inc. (NYSE: GTN) Key Stats
There are currently 99,138K shares outstanding in the company with a market cap of 554.19 million. Presently, the company’s annual sales total 3,281 M according to its annual income of -76,000 K. Last quarter, the company’s sales amounted to 823,000 K and its income totaled 88,000 K.
