TEGNA Inc (NYSE: TGNA) kicked off on Monday, up 1.90% from the previous trading day, before settling in for the closing price of $13.72. Over the past 52 weeks, TGNA has traded in a range of $12.35-$16.84.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Communication Services sector has jumped its sales by 6.43% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 93.28%. With a float of $162.92 million, this company’s outstanding shares have now reached $179.92 million.
In an organization with 6200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 37.85%, operating margin of 19.56%, and the pretax margin is 20.26%.
TEGNA Inc (TGNA) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Broadcasting Industry. The insider ownership of TEGNA Inc is 1.52%, while institutional ownership is 96.32%. The most recent insider transaction that took place on Aug 15 ’24, was worth 213. In this transaction Director of this company sold 16 shares at a rate of $13.60, taking the stock ownership to the 0 shares. Before that another transaction happened on Jul 01 ’24, when Company’s Director sold 14 for $14.02, making the entire transaction worth $196. This insider now owns 0 shares in total.
TEGNA Inc (TGNA) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.39 earnings per share (EPS), higher than consensus estimate (set at 0.39) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.4 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 93.28% 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
Take a look at TEGNA Inc’s (TGNA) current performance indicators. Last quarter, stock had a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.81. Likewise, its price to free cash flow for the trailing twelve months is 5.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.85 in the next quarter and is forecasted to reach 2.15 in one year’s time.
Technical Analysis of TEGNA Inc (TGNA)
Let’s dig in a bit further. During the last 5-days, its volume was 1.86 million. That was inferior than the volume of 2.11 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 25.90%. Additionally, its Average True Range was 0.46.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 38.72%, which indicates a significant increase from 21.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.91% in the past 14 days, which was higher than the 29.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.37, while its 200-day Moving Average is $14.72. However, in the short run, TEGNA Inc’s stock first resistance to watch stands at $14.14. Second resistance stands at $14.30. The third major resistance level sits at $14.49. If the price goes on to break the first support level at $13.79, it is likely to go to the next support level at $13.60. Assuming the price breaks the second support level, the third support level stands at $13.44.
TEGNA Inc (NYSE: TGNA) Key Stats
The company with the Market Capitalisation of 2.31 billion has total of 169,605K Shares Outstanding. Its annual sales at the moment are 2,911 M in contrast with the sum of 476,720 K annual income. Company’s last quarter sales were recorded 710,360 K and last quarter income was 82,140 K.
