The stock of Gannett Co. Inc. (NYSE:GCI) decreased by -$0.02 on Friday to finish at $2.75, down -0.72 percent. The last five days have seen an average of 810,420 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $0.72. The average number of shares traded over the last 20 days was 1,205,515, while the average volume over the last 50 days totaled 2,052,732.
GCI stock appreciated 3.38% since last month. On 07/26/23, the company’s shares reached a one-month low of $2.51. The stock touched a high of $3.60 on 08/11/23, after rallying from a low of $1.25 in 52 weeks. The price of GCI stock has risen by 35.47% or $0.72 this year, reaching a new high 18 times. Still, the stock price is down -23.61% from the 52-week high.
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Insider Transactions
GCI stock investors should be aware that Gannett Co. Inc. (GCI) stock had its last reported insider trading activity 14 days ago on Aug 14. On Aug 14, Chief Executive Officer Reed Michael acquired 80,000 shares at $3.29 each. This transaction resulted in the insider spending $263,200. On Dec 14, Tarica Laurence added 100,000 shares at a price of US$2.25. After the transaction, the insider now owns 753,244 shares.
Valuation Metrics
Beta for the stock is 2.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.15, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 7.73.
Company paid $0.16 per share in dividends, remained unchanged from $0.16 last year.
Financial Health
For the three months ended June 29, Gannett Co. Inc.’s quick ratio was 0.80, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.23, and the total debt to equity ratio is 3.42. As far as profitability goes, gross margin for the trailing twelve months is 36.50% percent. Gannett Co. Inc.’s EBITDA margin for the year ended June 29 was 7.83%, whereas its operating margin stood at 1.00% for the same period. Based on annual data, it had gross profit of $1.08 billion and revenue of $2.95 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GCI’s return on assets (ROA) during the last 12 months has been -1.00%. There was a -2.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -7.50%.
Earnings Surprise
According to Gannett Co. Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $670.09 million, while revenues fell by -9.02% to $667.1 million. It was predicted that Gannett Co. Inc.’s quarterly earnings would be -$0.09, but it ended up being -$0.05. EBITDA was $53.3 million for the quarter. At the end of Gannett Co. Inc.’s most recent quarter ended June 29, its liabilities totaled 1.98 billion, while its total debt was $1.37 billion. Equity owned by shareholders amounts to $149.07 million.
Technical Picture
Here’s a quick look at Gannett Co. Inc.’s (GCI) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 35.94%, suggesting the stock is Neutral, with a 48.85% historical volatility rate.
The stochastic %K and %D were 9.78% and 18.27% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 9.57%, the RSI (14) reading is 43.68%. On the 9-day MACD Oscillator, the stock is at -0.19, and the 14-day reading is at -0.32.
Analyst Ratings
Analysts have assigned Gannett Co. Inc. (GCI) an Sell rating. GCI is a stock that is recommended for selling by 2 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is GCI’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.30 and $3.00, with a median target price of $2.65. In analyzing these forecasts, the average price target given by analysts for Gannett Co. Inc. (GCI) is $2.65.
