The stock has a 36-month beta value of 2.37. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for GCI is 122.44M, and at present, short sellers hold a 13.41% of that float. On May 09, 2024, the average trading volume of GCI was 876.55K shares.
GCI) stock’s latest price update
Gannett Co Inc. (NYSE: GCI) has experienced a decline in its stock price by -2.18 compared to its previous closing price of 3.21. However, the company has seen a gain of 30.29% 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.
GCI’s Market Performance
GCI’s stock has risen by 30.29% in the past week, with a monthly rise of 28.16% and a quarterly rise of 42.08%. The volatility ratio for the week is 8.31% while the volatility levels for the last 30 days are 6.44% for Gannett Co Inc. The simple moving average for the past 20 days is 19.73% for GCI’s stock, with a 29.32% simple moving average for the past 200 days.
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 33.40% 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 -12.78% of loss for the given period.
Volatility was left at 6.44%, however, over the last 30 days, the volatility rate increased by 8.31%, as shares surge +30.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.05% upper at present.
During the last 5 trading sessions, GCI rose by +30.29%, which changed the moving average for the period of 200-days by +23.62% in comparison to the 20-day moving average, which settled at $2.66. In addition, Gannett Co Inc. saw 36.52% 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
- 0.33 for the gross margin
The net margin for Gannett Co Inc. stands at -0.05. The total capital return value is set at 0.06. Equity return is now at value -44.33, with -5.56 for asset returns.
Based on Gannett Co Inc. (GCI), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 4.62. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is 234.63 million with net debt to EBITDA at 4.46. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 10.78for trailing twelve months and the total asset turnover is 1.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
To sum up, Gannett Co Inc. (GCI) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
