The stock of Gray Television, Inc. (GTN) has gone up by 5.96% for the week, with a 9.70% rise in the past month and a -29.95% drop in the past quarter. The volatility ratio for the week is 3.47%, and the volatility levels for the past 30 days are 4.06% for GTN. The simple moving average for the past 20 days is 7.07% for GTN’s stock, with a -19.95% simple moving average for the past 200 days.
Is It Worth Investing in Gray Television, Inc. (NYSE: GTN) Right Now?
Moreover, the 36-month beta value for GTN is 1.56. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 5 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for GTN is 82.22M and currently, short sellers hold a 6.44% of that float. On March 28, 2024, GTN’s average trading volume was 1.16M shares.
GTN) stock’s latest price update
Gray Television, Inc. (NYSE: GTN)’s stock price has gone rise by 3.32 in comparison to its previous close of 6.02, however, the company has experienced a 5.96% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-02-23 that Gray Television, Inc. (GTN) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of GTN
Wells Fargo, on the other hand, stated in their research note that they expect to see GTN reach a price target of $7, previously predicting the price at $25. The rating they have provided for GTN stocks is “Underweight” according to the report published on November 09th, 2022.
Wells Fargo gave a rating of “Overweight” to GTN, setting the target price at $26 in the report published on January 03rd of the previous year.
GTN Trading at -16.33% 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 -41.81% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares surge +9.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.80% lower at present.
During the last 5 trading sessions, GTN rose by +5.96%, which changed the moving average for the period of 200-days by -18.48% in comparison to the 20-day moving average, which settled at $5.84. In addition, Gray Television, Inc. saw -30.58% 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 BOGER RICHARD LEE, who purchase 399 shares at the price of $8.97 back on Jan 02 ’24. After this action, BOGER RICHARD LEE now owns 60,130 shares of Gray Television, Inc., valued at $3,578 using the latest closing price.
BOGER RICHARD LEE, the Director of Gray Television, Inc., purchase 19 shares at $8.89 during a trade that took place back on Jan 02 ’24, which means that BOGER RICHARD LEE is holding 2,092 shares at $169 based on the most recent closing price.
Stock Fundamentals for GTN
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.25 for the gross margin
The net margin for Gray Television, Inc. stands at -0.02. The total capital return value is set at 0.04. Equity return is now at value -2.82, with -0.69 for asset returns.
Based on Gray Television, Inc. (GTN), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.35. The interest coverage ratio of the stock is 0.87.
Currently, EBITDA for the company is 787.0 million with net debt to EBITDA at 8.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The receivables turnover for the company is 9.04for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
Conclusion
To wrap up, the performance of Gray Television, Inc. (GTN) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
