A new trading day began on Friday, with Gannett Co Inc (NYSE: GCI) stock price down -3.14% from the previous day of trading, before settling in for the closing price of $5.10. GCI’s price has ranged from $1.80 to $5.93 over the past 52 weeks.
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Annual sales at Communication Services sector company grew by 16.23% over the past five years. Meanwhile, its annual earnings per share averaged -105.27%. With a float of $119.35 million, this company’s outstanding shares have now reached $148.94 million.
Let’s look at the performance matrix of the company that is accounted for 12800 employees. In terms of profitability, gross margin is 32.56%, operating margin of 2.35%, and the pretax margin is -4.5%.
Gannett Co Inc (GCI) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Publishing Industry. The insider ownership of Gannett Co Inc is 19.04%, while institutional ownership is 70.07%. The most recent insider transaction that took place on Sep 13 ’24, was worth 225,000. In this transaction Director of this company bought 50,000 shares at a rate of $4.50, taking the stock ownership to the 1,089,663 shares.
Gannett Co Inc (GCI) Latest Financial update
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.16 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -105.27% per share during the next fiscal year.
Gannett Co Inc (NYSE: GCI) Trading Performance Indicators
Here are Gannett Co Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.28. Likewise, its price to free cash flow for the trailing twelve months is 10.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.84, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.13 in one year’s time.
Technical Analysis of Gannett Co Inc (GCI)
Gannett Co Inc (NYSE: GCI) saw its 5-day average volume 1.08 million, a negative change from its year-to-date volume of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 34.33%. Additionally, its Average True Range was 0.30.
During the past 100 days, Gannett Co Inc’s (GCI) raw stochastic average was set at 52.86%, which indicates a significant increase from 26.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 101.41% in the past 14 days, which was higher than the 73.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.31, while its 200-day Moving Average is $3.95. Nevertheless, the first resistance level for the watch stands at $5.11 in the near term. At $5.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $5.37. If the price goes on to break the first support level at $4.85, it is likely to go to the next support level at $4.75. The third support level lies at $4.59 if the price breaches the second support level.
Gannett Co Inc (NYSE: GCI) Key Stats
With a market capitalization of 705.36 million, the company has a total of 147,411K Shares Outstanding. Currently, annual sales are 2,664 M while annual income is -27,790 K. The company’s previous quarter sales were 612,440 K while its latest quarter income was -19,650 K.
