As of Friday close, Gray Television Inc.’s (NYSE:GTN) stock was down -$0.28, moving down -3.34 percent to $8.10. The average number of shares traded per day over the past five days has been 649,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 890,345, while in the previous 50 days, it was 904,410.
Since last month, GTN stock retreated -11.09%. Shares of the company fell to $8.06 on 08/18/23, the lowest level in the past month. A 52-week high of $20.73 was reached on 02/02/23 after having rallying from a 52-week low of $6.50. Since the beginning of this year, GTN’s stock price has dropped by -27.61% or -$3.09, and marked a new high 10 times. However, the stock has declined by -60.93% since its 52-week high.
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GTN stock investors should be aware that Gray Television Inc. (GTN) stock had its last reported insider trading activity 15 days ago on Aug 04. ELDER T L, the Director Emeritus of the company, disposed of 3,793 shares for $10.36 on Aug 04. It resulted in a $39,277 divestment by the insider. HOWELL HILTON H JR added 1,000 shares at an average price of $9.40 on Jun 30. The insider now owns 2,320,695 shares following the transaction. On Jun 30, Director Howell Robin Robinson bought 1,000 shares at $9.40 apiece. The transaction was valued at $9,400.
Valuation Metrics
Right now, Gray Television Inc. (GTN) has a P/E ratio of about 3.49. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 0.21, the price-to-book (PB) ratio of 0.37, and the price-to-cash flow ratio of 1.65 may also be considered.
The latest dividend of $0.08 per share was paid out, remained unchanged from last year’s $0.08.
Financial Health
In the three months ended June 29, Gray Television Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.01, and the total debt-to-equity ratio was 3.02. On the profitability front, the trailing twelve-month gross margin is 35.30% percent. In the year ended June 29, EBITDA margin amounted to 36.24%, whereas operating margins totaled 21.50%. Based on annual data, GTN earned $1.43 billion in gross profit and brought in $3.68 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 10.50%.
In Gray Television Inc.’s quarter-end financial report for June 29, it reported total debt of $6.2 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. GTN’s revenue fell -6.77% to $801.0 million during the quarter, while net income inched up to $813.0 million. While analysts expected Gray Television Inc. to report -$0.18 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by 44.40%. During the quarter, the company generated $224.0 million in EBITDA. The liabilities of Gray Television Inc. were 8.1 billion at the end of its most recent quarter ended June 29, and its total debt was $6.29 billion. The value of shareholders’ equity is $95.45 million.
Technical Picture
This quick technical analysis looks at Gray Television Inc.’s (GTN) price momentum. With a historical volatility rate of 43.89%, the RSI 9-day stood at 36.78% on 18 August.
With respect to its five-day moving average, the current Gray Television Inc. price is down by -9.40% percent or -$0.84. At present, GTN shares trade -8.78% below its 20-day simple moving average and -7.22% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.25% above its SMA50 and -42.76% below its SMA200.
Stochastic coefficient K was 6.25% and Stochastic coefficient D was 9.48%, while ATR was 0.48. Given the Stochastic reading of 1.52% for the 14-day period, the RSI (14) reading has been calculated as 41.87%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -0.76.
Analyst Ratings
Gray Television Inc. downgraded its rating on Gray Television Inc. (NYSE: GTN) to an Underweight in a note to investors on November 09, 2022. The analysts firm previously had an Overweight rating on the stock.Gray Television Inc. (GTN) has been rated Overweight by analysts. According to 2 brokerage firms, GTN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Gray Television Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $13.00, the current consensus forecast for the stock is $5.00 – $20.00. Based on these forecasts, analysts predict Gray Television Inc. (GTN) will achieve an average price target of $13.25.
