In the past week, GCI stock has gone up by 11.02%, with a monthly gain of 22.52% and a quarterly surge of 11.48%. The volatility ratio for the week is 7.32%, and the volatility levels for the last 30 days are 6.07% for Gannett Co Inc. The simple moving average for the last 20 days is 13.71% for GCI’s stock, with a simple moving average of 12.46% for the last 200 days.
Is It Worth Investing in Gannett Co Inc. (NYSE: GCI) Right Now?
GCI has 36-month beta value of 2.30. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GCI is 123.49M, and currently, short sellers hold a 12.85% ratio of that float. The average trading volume of GCI on April 24, 2024 was 726.23K shares.
GCI) stock’s latest price update
Gannett Co Inc. (NYSE: GCI)’s stock price has gone rise by 7.09 in comparison to its previous close of 2.54, however, the company has experienced a 11.02% increase in its stock price over the last five trading days. Business Wire reported 2024-04-18 that NEW YORK–(BUSINESS WIRE)–Gannett Co., Inc. (“Gannett”) (NYSE: GCI) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, May 2, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett’s website, investors.gannett.c.
Analysts’ Opinion of GCI
Many brokerage firms have already submitted their reports for GCI stocks, with Compass Point repeating the rating for GCI by listing it as a “Buy.” The predicted price for GCI in the upcoming period, according to Compass Point is $5 based on the research report published on December 12, 2023 of the previous year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see GCI reach a price target of $3.80. The rating they have provided for GCI stocks is “Sell” according to the report published on June 03rd, 2021.
GCI Trading at 21.87% from the 50-Day Moving Average
After a stumble in the market that brought GCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.44% of loss for the given period.
Volatility was left at 6.07%, however, over the last 30 days, the volatility rate increased by 7.32%, as shares surge +22.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.89% upper at present.
During the last 5 trading sessions, GCI rose by +11.02%, which changed the moving average for the period of 200-days by +18.78% in comparison to the 20-day moving average, which settled at $2.42. In addition, Gannett Co Inc. saw 18.26% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GCI starting from Tarica Laurence, who purchase 200,000 shares at the price of $1.85 back on Nov 16 ’23. After this action, Tarica Laurence now owns 1,008,799 shares of Gannett Co Inc., valued at $370,000 using the latest closing price.
Reed Michael, the Chief Executive Officer of Gannett Co Inc., purchase 60,000 shares at $2.01 during a trade that took place back on Nov 06 ’23, which means that Reed Michael is holding 3,304,323 shares at $120,600 based on the most recent closing price.
Stock Fundamentals for GCI
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.34 for the gross margin
The net margin for Gannett Co Inc. stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -9.06, with -1.21 for asset returns.
Based on Gannett Co Inc. (GCI), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 3.43. The interest coverage ratio of the stock is 0.79.
Currently, EBITDA for the company is 234.63 million with net debt to EBITDA at 4.42. When we switch over and look at the enterprise to sales, we see a ratio of 0.6. The receivables turnover for the company is 10.01for trailing twelve months and the total asset turnover is 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To put it simply, Gannett Co Inc. (GCI) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
