A new trading day began on Tuesday, with TEGNA Inc (NYSE: TGNA) stock price up 0.30% from the previous day of trading, before settling in for the closing price of $16.50. TGNA’s price has ranged from $12.35 to $16.87 over the past 52 weeks.
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
It was noted that within the last five years, the titan of the Communication Services sector saw sales topped by 6.43%. Meanwhile, its annual earnings per share averaged 90.31%. With a float of $163.08 million, this company’s outstanding shares have now reached $179.92 million.
The extent of productivity of a business whose workforce counts for 6200 workers is very important to gauge. 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 and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Broadcasting Industry. The insider ownership of TEGNA Inc is 1.42%, while institutional ownership is 92.18%. The most recent insider transaction that took place on Oct 25 ’24, was worth 410,000. In this transaction EVP and COO, Media Operations of this company sold 25,000 shares at a rate of $16.40, taking the stock ownership to the 154,617 shares. Before that another transaction happened on Oct 25 ’24, when Company’s Officer proposed sale 25,000 for $16.40, making the entire transaction worth $410,000.
TEGNA Inc (TGNA) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 90.31% 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
Here are TEGNA Inc’s current performance indicators. According to the last quarter’s results, the 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 0.96. Likewise, its price to free cash flow for the trailing twelve months is 6.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.43, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 2.11 in one year’s time.
Technical Analysis of TEGNA Inc (TGNA)
The latest stats from [TEGNA Inc, TGNA] show that its last 5-days average volume of 1.01 million was inferior to 2.24 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 46.27%. Additionally, its Average True Range was 0.35.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 92.92%, which indicates a significant increase from 78.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.25% in the past 14 days, which was lower than the 29.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $15.08, while its 200-day Moving Average is $14.63. Now, the first resistance to watch is $16.72. This is followed by the second major resistance level at $16.88. The third major resistance level sits at $17.05. If the price goes on to break the first support level at $16.38, it is likely to go to the next support level at $16.21. The third support level lies at $16.05 if the price breaches the second support level.
TEGNA Inc (NYSE: TGNA) Key Stats
With a market capitalization of 2.74 billion, the company has a total of 165,432K Shares Outstanding. Currently, annual sales are 2,911 M while annual income is 476,720 K. The company’s previous quarter sales were 710,360 K while its latest quarter income was 82,140 K.
