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Gray Television Inc. (GTN): A Technical Analysis

Gray Television Inc. (NYSE: GTN) has a higher price-to-earnings ratio of 2.16x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.62.

The public float for GTN is 75.89M, and currently, short sellers hold a 3.43% ratio of that float. The average trading volume of GTN on March 15, 2023 was 713.42K shares.

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GTN) stock’s latest price update

Gray Television Inc. (NYSE: GTN)’s stock price has decreased by -0.95 compared to its previous closing price of 9.44. However, the company has seen a fall of -12.78% in its stock price over the last five trading days. Barron’s reported on 10/11/21 that TV Isn’t Dying, and This Broadcaster’s Stock Is Underpriced

GTN’s Market Performance

GTN’s stock has fallen by -12.78% in the past week, with a monthly drop of -18.91% and a quarterly drop of -21.56%. The volatility ratio for the week is 4.54% while the volatility levels for the last 30 days are 4.58% for Gray Television Inc. The simple moving average for the last 20 days is -18.93% for GTN stock, with a simple moving average of -37.38% for the last 200 days.

Analysts’ Opinion of GTN

Many brokerage firms have already submitted their reports for GTN stocks, with Wells Fargo repeating the rating for GTN by listing it as a “Underweight.” The predicted price for GTN in the upcoming period, according to Wells Fargo is $7 based on the research report published on November 09th of the previous year 2022.

Wells Fargo, on the other hand, stated in their research note that they expect to see GTN reach a price target of $26. The rating they have provided for GTN stocks is “Overweight” according to the report published on January 03rd, 2022.

Loop Capital gave a rating of “Buy” to GTN, setting the target price at $21 in the report published on October 15th of the previous year.

GTN Trading at -21.03% from the 50-Day Moving Average

After a stumble in the market that brought GTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.71% of loss for the given period.

Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 4.54%, as shares sank -20.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.33% lower at present.

During the last 5 trading sessions, GTN fell by -12.78%, which changed the moving average for the period of 200-days by -51.75% in comparison to the 20-day moving average, which settled at $11.41. In addition, Gray Television Inc. saw -16.44% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at GTN starting from ROBINSON HARRIETT J, who purchase 68,750 shares at the price of $17.82 back on Dec 19. After this action, ROBINSON HARRIETT J now owns 1,042,217 shares of Gray Television Inc., valued at $1,225,350 using the latest closing price.

ROBINSON HARRIETT J, the 10% Owner of Gray Television Inc., sale 68,750 shares at $17.82 during a trade that took place back on Dec 19, which means that ROBINSON HARRIETT J is holding 0 shares at $1,225,350 based on the most recent closing price.

Stock Fundamentals for GTN

Current profitability levels for the company are sitting at:

  • +27.09 for the present operating margin
  • +29.87 for the gross margin

The net margin for Gray Television Inc. stands at +12.38. Equity return is now at value 21.00, with 3.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.


To put it simply, Gray Television Inc. (GTN) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.