Company’s 36-month beta value is 2.49.Analysts have differing opinions 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 119.55M, and currently, short sellers hold a 11.67% ratio of that floaft. The average trading volume of GCI on September 17, 2024 was 1.59M shares.
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GCI) stock’s latest price update
Gannett Co Inc. (NYSE: GCI)’s stock price has gone rise by 17.79 in comparison to its previous close of 4.61, however, the company has experienced a 27.76% increase in its stock price over the last five trading days. businesswire.com reported 2024-09-09 that NEW YORK, NY–(BUSINESS WIRE)–Ventures Endurance, part of Gannett’s (NYSE: GCI) USA TODAY NETWORK Ventures, today announced the USA TODAY branded 2024-2025 Hot Chocolate Run series. The run kicks off October 6th in Denver, CO, and continues across 16 cities including Chicago, Dallas, Charlotte, Nashville, San Diego, San Francisco and Phoenix through April 2025. With 5K, 10K and 15K distances and a virtual race option, the series attracts over 150,000 runners across the country each year. Hot C.
GCI’s Market Performance
GCI’s stock has risen by 27.76% in the past week, with a monthly rise of 15.29% and a quarterly rise of 23.97%. The volatility ratio for the week is 4.13% while the volatility levels for the last 30 days are 5.20% for Gannett Co Inc. The simple moving average for the past 20 days is 10.87% for GCI’s stock, with a 66.41% simple moving average for the past 200 days.
Analysts’ Opinion of GCI
JMP Securities gave a rating of “Mkt Outperform” to GCI, setting the target price at $6 in the report published on July 01st of the current year.
GCI Trading at 14.62% 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 -8.04% of loss for the given period.
Volatility was left at 5.20%, however, over the last 30 days, the volatility rate increased by 4.13%, as shares surge +9.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.56% upper at present.
During the last 5 trading sessions, GCI rose by +28.00%, which changed the moving average for the period of 200-days by +178.97% in comparison to the 20-day moving average, which settled at $4.92. In addition, Gannett Co Inc. saw 136.09% 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 50,000 shares at the price of $4.50 back on Sep 13 ’24. After this action, Tarica Laurence now owns 1,089,663 shares of Gannett Co Inc., valued at $225,000 using the latest closing price.
Tarica Laurence, the Director of Gannett Co Inc., purchase 200,000 shares at $1.85 during a trade that took place back on Nov 16 ’23, which means that Tarica Laurence is holding 1,008,799 shares at $370,000 based on the most recent closing price.
Stock Fundamentals for GCI
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.32 for the gross margin
The net margin for Gannett Co Inc. stands at -0.04. The total capital return value is set at 0.07. Equity return is now at value -33.43, with -4.43 for asset returns.
Based on Gannett Co Inc. (GCI), the company’s capital structure generated 0.81 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 4.23. The interest coverage ratio of the stock is 0.94.
Currently, EBITDA for the company is 234.63 million with net debt to EBITDA at 4.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.75. The receivables turnover for the company is 10.75for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In a nutshell, Gannett Co Inc. (GCI) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
