Gray Television, Inc. (GTN) soared 4.12 in the last month: It’s impossible to believe the numbers

Gray Television, Inc. (NYSE: GTN) kicked off on Friday, up 4.12% from the previous trading day, before settling in for the closing price of $5.10. Over the past 52 weeks, GTN has traded in a range of $4.15-$10.07.

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Annual sales at Communication Services sector company grew by 30.18% over the past five years. While this was happening, its average annual earnings per share was recorded 390.41%. With a float of $84.16 million, this company’s outstanding shares have now reached $87.23 million.

Let’s look at the performance matrix of the company that is accounted for 9374 employees.

Gray Television, Inc. (GTN) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Broadcasting Industry. The insider ownership of Gray Television, Inc. is 15.56%, while institutional ownership is 73.75%. The most recent insider transaction that took place on Mar 28 ’24, was worth 80,934. In this transaction Chairman, President & CEO 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 Director 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) Performance Highlights and Predictions

According to the Wall Street analysts, stocks earnings will be around 390.41% per share during the next fiscal year.

Gray Television, Inc. (NYSE: GTN) Trading Performance Indicators

Take a look at Gray Television, Inc.’s (GTN) current performance indicators. Last quarter, stock had a quick ratio of 1.61. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16. Likewise, its price to free cash flow for the trailing twelve months is 6.87.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.08, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach -0.63 in one year’s time.

Technical Analysis of Gray Television, Inc. (GTN)

Gray Television, Inc. (NYSE: GTN) saw its 5-day average volume 0.94 million, a negative change from its year-to-date volume of 1.29 million. As of the previous 9 days, the stock’s Stochastic %D was 55.43%. Additionally, its Average True Range was 0.25.

During the past 100 days, Gray Television, Inc.’s (GTN) raw stochastic average was set at 35.58%, which indicates a significant decrease from 87.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.36% in the past 14 days, which was lower than the 60.39% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.15, while its 200-day Moving Average is $6.36. Nevertheless, the first resistance level for the watch stands at $5.48 in the near term. At $5.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.85. If the price goes on to break the first support level at $5.12, it is likely to go to the next support level at $4.93. Assuming the price breaks the second support level, the third support level stands at $4.75.

Gray Television, Inc. (NYSE: GTN) Key Stats

The company with the Market Capitalisation of 529.25 million has total of 99,138K Shares Outstanding. Its annual sales at the moment are 3,281 M in contrast with the sum of -76,000 K annual income. Company’s last quarter sales were recorded 826,000 K and last quarter income was 22,000 K.