Gray Television, Inc (NYSE: GTN) kicked off on Tuesday, down -2.29% from the previous trading day, before settling in for the closing price of $4.36. Over the past 52 weeks, GTN has traded in a range of $3.95-$10.07.
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A company in the Communication Services sector has jumped its sales by 30.18% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 307.91%. With a float of $84.42 million, this company’s outstanding shares have now reached $87.23 million.
In an organization with 9374 employees, it is important to assess its efficiency. 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) Insider and Institutional Ownership
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 15.30%, while institutional ownership is 65.52%. 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) Latest Financial update
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.23 earnings per share (EPS), lower than consensus estimate (set at -0.13) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 307.91% 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 1.08. 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 1.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.50, a number that is poised to hit 1.17 in the next quarter and is forecasted to reach -0.59 in one year’s time.
Technical Analysis of Gray Television, Inc (GTN)
Let’s dig in a bit further. During the last 5-days, its volume was 1.64 million. That was better than the volume of 1.28 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 21.23%. Additionally, its Average True Range was 0.29.
During the past 100 days, Gray Television, Inc’s (GTN) raw stochastic average was set at 11.65%, which indicates a significant decrease from 14.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.30% in the past 14 days, which was higher than the 74.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.21, while its 200-day Moving Average is $5.58. However, in the short run, Gray Television, Inc’s stock first resistance to watch stands at $4.40. Second resistance stands at $4.54. The third major resistance level sits at $4.67. If the price goes on to break the first support level at $4.13, it is likely to go to the next support level at $4.00. The third support level lies at $3.86 if the price breaches the second support level.
Gray Television, Inc (NYSE: GTN) Key Stats
The company with the Market Capitalisation of 449.52 million has total of 99,667K 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 950,000 K and last quarter income was 96,000 K.
