Gray Television, Inc (NYSE: GTN) on Monday, plunged -5.33% from the previous trading day, before settling in for the closing price of $4.69. Within the past 52 weeks, GTN’s price has moved between $3.95 and $10.07.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 30.18%. The company achieved an average annual earnings per share of 317.37%. With a float of $84.34 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 42.28%, operating margin of 18.45%, and the pretax margin is 7.62%.
Gray Television, Inc (GTN) Breakdown of a Key Holders of the stock
Observing investor behavior towards Broadcasting industry stocks is more important than anything else. The insider ownership of Gray Television, Inc is 15.38%, while institutional ownership is 65.45%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 317.37% per share during the next fiscal year.
Gray Television, Inc (NYSE: GTN) Trading Performance Indicators
Gray Television, Inc (GTN) is currently performing well based on its current performance indicators. A quick ratio of 1.08 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13. Likewise, its price to free cash flow for the trailing twelve months is 1.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.50, a number that is poised to hit 1.30 in the next quarter and is forecasted to reach -0.70 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 1.56 million, which is a jump from its year-to-date volume of 1.27 million. As of the previous 9 days, the stock’s Stochastic %D was 31.22%. Additionally, its Average True Range was 0.33.
During the past 100 days, Gray Television, Inc’s (GTN) raw stochastic average was set at 18.42%, which indicates a significant decrease from 22.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 136.54% in the past 14 days, which was higher than the 75.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.26, while its 200-day Moving Average is $5.70. However, in the short run, Gray Television, Inc’s stock first resistance to watch stands at $4.63. Second resistance stands at $4.81. The third major resistance level sits at $4.91. If the price goes on to break the first support level at $4.35, it is likely to go to the next support level at $4.25. Now, if the price goes above the second support level, the third support stands at $4.07.
Gray Television, Inc (NYSE: GTN) Key Stats
Market capitalization of the company is 462.96 million based on 99,667K outstanding shares. Right now, sales total 3,281 M and income totals -76,000 K. The company made 950,000 K in profit during its latest quarter, and 96,000 K in sales during its previous quarter.
