The stock of TEGNA Inc. (TGNA) has seen a -9.04% decrease in the past week, with a -23.47% drop in the past month, and a -22.27% decrease in the past quarter. The volatility ratio for the week is 3.36%, and the volatility levels for the past 30 days are at 2.72% for TGNA. The simple moving average for the last 20 days is -16.27% for TGNA stock, with a simple moving average of -24.68% for the last 200 days.
Is It Worth Investing in TEGNA Inc. (NYSE: TGNA) Right Now?
The price-to-earnings ratio for TEGNA Inc. (NYSE: TGNA) is above average at 5.49x. The 36-month beta value for TGNA is also noteworthy at 0.62. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for TGNA is $20.67, which is $6.11 above than the current price. The public float for TGNA is 221.58M, and at present, short sellers hold a 2.27% of that float. The average trading volume of TGNA on March 16, 2023 was 2.19M shares.
TGNA) stock’s latest price update
TEGNA Inc. (NYSE: TGNA)’s stock price has decreased by -0.77 compared to its previous closing price of 15.51. However, the company has seen a -9.04% decrease in its stock price over the last five trading sessions. Barron’s reported on 02/22/22 that Tegna Stock Soars. It’s Being Taken Private for $5.4 Billion.
Analysts’ Opinion of TGNA
The stock of TEGNA Inc. (TGNA) has seen a -9.04% decrease in the past week, with a -23.47% drop in the past month, and a -22.27% decrease in the past quarter. The volatility ratio for the week is 3.36%, and the volatility levels for the past 30 days are at 2.72% for TGNA. The simple moving average for the last 20 days is -16.27% for TGNA stock, with a simple moving average of -24.68% for the last 200 days.
Analysts’ Opinion of TGNA
Many brokerage firms have already submitted their reports for TGNA stocks, with Wells Fargo repeating the rating for TGNA by listing it as a “Equal Weight.” The predicted price for TGNA in the upcoming period, according to Wells Fargo is $24 based on the research report published on May 05th of the previous year 2022.
TGNA Trading at -21.05% from the 50-Day Moving Average
After a stumble in the market that brought TGNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -32.32% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares sank -24.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.37% lower at present.
During the last 5 trading sessions, TGNA fell by -9.04%, which changed the moving average for the period of 200-days by -28.75% in comparison to the 20-day moving average, which settled at $18.14. In addition, TEGNA Inc. saw -27.37% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TGNA
Current profitability levels for the company are sitting at:
- +30.82 for the present operating margin
- +44.67 for the gross margin
The net margin for TEGNA Inc. stands at +19.21. Equity return is now at value 22.30, with 8.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 3.33.
Conclusion
In summary, TEGNA Inc. (TGNA) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
