On Monday, Gray Television, Inc. (NYSE: GTN) opened lower -4.44% from the last session, before settling in for the closing price of $5.86. Price fluctuations for GTN have ranged from $4.15 to $10.07 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 30.18%. Company’s average yearly earnings per share was noted 392.33% at the time writing. With a float of $84.16 million, this company’s outstanding shares have now reached $87.23 million.
Let’s determine the extent of company efficiency that accounts for 9374 employees. In terms of profitability, gross margin is 23.31%, operating margin of 14.26%, and the pretax margin is 2.99%.
Gray Television, Inc. (GTN) Insider Activity
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 15.56%, while institutional ownership is 74.93%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.57 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.32) by -0.25. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.32 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 392.33% 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 1.61. 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 7.25.
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 -0.65 in one year’s time.
Technical Analysis of Gray Television, Inc. (GTN)
Looking closely at Gray Television, Inc. (NYSE: GTN), its last 5-days average volume was 0.64 million, which is a drop from its year-to-date volume of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 78.23%. Additionally, its Average True Range was 0.22.
During the past 100 days, Gray Television, Inc.’s (GTN) raw stochastic average was set at 58.94%, which indicates a significant increase from 57.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.84% in the past 14 days, which was lower than the 58.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.08, while its 200-day Moving Average is $6.10. However, in the short run, Gray Television, Inc.’s stock first resistance to watch stands at $5.81. Second resistance stands at $6.01. The third major resistance level sits at $6.12. If the price goes on to break the first support level at $5.50, it is likely to go to the next support level at $5.39. Should the price break the second support level, the third support level stands at $5.19.
Gray Television, Inc. (NYSE: GTN) Key Stats
There are currently 99,138K shares outstanding in the company with a market cap of 558.15 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 826,000 K and its income totaled 22,000 K.
