A new trading day began on Friday, with TEGNA Inc (NYSE: TGNA) stock price up 0.64% from the previous day of trading, before settling in for the closing price of $18.65. TGNA’s price has ranged from $12.35 to $19.62 over the past 52 weeks.
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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 78.99%. With a float of $158.86 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 39.83%, operating margin of 22.16%, and the pretax margin is 21.91%.
TEGNA Inc (TGNA) Insider Updates
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 1.40%, while institutional ownership is 101.79%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 78.99% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 31.00% 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 2.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.03. Likewise, its price to free cash flow for the trailing twelve months is 5.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.84, a number that is poised to hit 1.18 in the next quarter and is forecasted to reach 1.92 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 1.6 million was inferior to 2.22 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.28%. Additionally, its Average True Range was 0.52.
During the past 100 days, TEGNA Inc’s (TGNA) raw stochastic average was set at 86.40%, which indicates a significant increase from 76.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.44% in the past 14 days, which was lower than the 35.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.78, while its 200-day Moving Average is $14.93. Now, the first resistance to watch is $18.96. This is followed by the second major resistance level at $19.16. The third major resistance level sits at $19.32. If the price goes on to break the first support level at $18.60, it is likely to go to the next support level at $18.44. Assuming the price breaks the second support level, the third support level stands at $18.24.
TEGNA Inc (NYSE: TGNA) Key Stats
With a market capitalization of 3.04 billion, the company has a total of 161,122K Shares Outstanding. Currently, annual sales are 2,911 M while annual income is 476,720 K. The company’s previous quarter sales were 806,830 K while its latest quarter income was 147,450 K.
