The stock of Gray Television, Inc. (GTN) has gone up by 16.52% for the week, with a 14.92% rise in the past month and a -23.69% drop in the past quarter. The volatility ratio for the week is 5.71%, and the volatility levels for the past 30 days are 3.93% for GTN. The simple moving average for the past 20 days is 13.78% for GTN’s stock, with a -10.39% 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 1.51. 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.”
The public float for GTN is 81.46M and currently, short sellers hold a 7.89% of that float. On May 08, 2024, GTN’s average trading volume was 1.29M shares.
GTN) stock’s latest price update
The stock of Gray Television, Inc. (NYSE: GTN) has increased by 0.60 when compared to last closing price of 6.66. Despite this, the company has experienced a 16.52% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-03 that The mean of analysts’ price targets for Gray Television (GTN) points to a 132.9% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
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 13.81% 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 -37.32% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 5.71%, as shares surge +12.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.23% upper at present.
During the last 5 trading sessions, GTN rose by +16.52%, which changed the moving average for the period of 200-days by -24.55% in comparison to the 20-day moving average, which settled at $5.93. In addition, Gray Television, Inc. saw -25.22% 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 Howell Robin Robinson, who purchase 10,000 shares at the price of $8.09 back on Mar 28 ’24. After this action, Howell Robin Robinson now owns 2,982,386 shares of Gray Television, Inc., valued at $80,934 using the latest closing price.
HOWELL HILTON H JR, the Chairman, President & CEO of Gray Television, Inc., purchase 10,000 shares at $8.09 during a trade that took place back on Mar 28 ’24, which means that HOWELL HILTON H JR is holding 2,982,386 shares at $80,934 based on the most recent closing price.
Stock Fundamentals for GTN
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.43 for the gross margin
The net margin for Gray Television, Inc. stands at 0.01. The total capital return value is set at 0.47. 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 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 3.04. The interest coverage ratio of the stock is 2.0.
Currently, EBITDA for the company is 787.0 million with net debt to EBITDA at 8.44. When we switch over and look at the enterprise to sales, we see a ratio of 2.09. 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.
