The stock of Getty Images Holdings Inc (NYSE: GETY) has decreased by -7.80 when compared to last closing price of 4.10.Despite this, the company has seen a gain of 1.07% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-22 that NEW YORK, April 22, 2024 (GLOBE NEWSWIRE) — Getty Images Holdings, Inc. (“Getty Images”) (NYSE: GETY) a preeminent global visual content creator and marketplace, announced today that the company intends to release its first quarter 2024 results after market close on Thursday, May 9, 2024, followed by a conference call at 4:30 p.m. (Eastern Time) that same day to discuss the company’s results.
Is It Worth Investing in Getty Images Holdings Inc (NYSE: GETY) Right Now?
Getty Images Holdings Inc (NYSE: GETY) has a price-to-earnings ratio of 84.56x that is above its average ratio. Additionally, the 36-month beta value for GETY is 2.15. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for GETY is 188.76M and currently, short sellers hold a 1.56% ratio of that float. The average trading volume of GETY on May 09, 2024 was 441.53K shares.
GETY’s Market Performance
GETY’s stock has seen a 1.07% increase for the week, with a -5.50% drop in the past month and a -14.67% fall in the past quarter. The volatility ratio for the week is 4.73%, and the volatility levels for the past 30 days are at 4.05% for Getty Images Holdings Inc The simple moving average for the last 20 days is -3.05% for GETY’s stock, with a simple moving average of -20.76% for the last 200 days.
Analysts’ Opinion of GETY
Many brokerage firms have already submitted their reports for GETY stocks, with Redburn Atlantic repeating the rating for GETY by listing it as a “Neutral.” The predicted price for GETY in the upcoming period, according to Redburn Atlantic is $6 based on the research report published on October 03, 2023 of the previous year 2023.
Imperial Capital, on the other hand, stated in their research note that they expect to see GETY reach a price target of $5.75. The rating they have provided for GETY stocks is “Outperform” according to the report published on August 16th, 2023.
JP Morgan gave a rating of “Neutral” to GETY, setting the target price at $6 in the report published on May 08th of the previous year.
GETY Trading at -11.77% from the 50-Day Moving Average
After a stumble in the market that brought GETY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.57% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 4.73%, as shares sank -4.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.29% lower at present.
During the last 5 trading sessions, GETY rose by +1.07%, which changed the moving average for the period of 200-days by -22.22% in comparison to the 20-day moving average, which settled at $3.89. In addition, Getty Images Holdings Inc saw -28.00% 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 GETY starting from Chu Chinh, who sale 3,937 shares at the price of $4.00 back on Apr 29 ’24. After this action, Chu Chinh now owns 8,430,000 shares of Getty Images Holdings Inc, valued at $15,763 using the latest closing price.
Chu Chinh, the Director of Getty Images Holdings Inc, sale 5,201 shares at $4.01 during a trade that took place back on Apr 26 ’24, which means that Chu Chinh is holding 8,433,937 shares at $20,836 based on the most recent closing price.
Stock Fundamentals for GETY
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.71 for the gross margin
The net margin for Getty Images Holdings Inc stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 3.28, with 0.76 for asset returns.
Based on Getty Images Holdings Inc (GETY), the company’s capital structure generated 0.69 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 2.22. The interest coverage ratio of the stock is 1.03.
Currently, EBITDA for the company is 274.34 million with net debt to EBITDA at 5.07. When we switch over and look at the enterprise to sales, we see a ratio of 3.11. The receivables turnover for the company is 4.65for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In conclusion, Getty Images Holdings Inc (GETY) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
