Gannett Co Inc. (NYSE: GCI)’s stock price has soared by 4.28 in relation to previous closing price of 5.37. Nevertheless, the company has seen a gain of 2.38% in its stock price over the last five trading days. businesswire.com reported 2024-09-20 that NEW YORK, NY–(BUSINESS WIRE)–Gannett Co., Inc. (NYSE: GCI) today announced the promotion of Caren Bohan to USA TODAY Editor in Chief, overseeing USA TODAY Network’s flagship national publication. Her role is effective immediately, reporting to Monica Richardson, Senior Vice President of USA TODAY. Bohan is a seasoned newsroom executive with over 30 years of news experience including more than a decade as a newsroom leader. She began her career at Reuters where she spent 20 years, serving as a.
Is It Worth Investing in Gannett Co Inc. (NYSE: GCI) Right Now?
GCI has 36-month beta value of 2.48. 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.”
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The public float for GCI is 119.50M, and currently, short sellers hold a 11.67% ratio of that float. The average trading volume of GCI on September 25, 2024 was 1.70M shares.
GCI’s Market Performance
GCI’s stock has seen a 2.38% increase for the week, with a 14.52% rise in the past month and a 21.74% gain in the past quarter. The volatility ratio for the week is 6.59%, and the volatility levels for the past 30 days are at 6.24% for Gannett Co Inc. The simple moving average for the past 20 days is 11.33% for GCI’s stock, with a 67.09% simple moving average for the past 200 days.
Analysts’ Opinion of GCI
Many brokerage firms have already submitted their reports for GCI stocks, with Citigroup repeating the rating for GCI by listing it as a “Neutral.” The predicted price for GCI in the upcoming period, according to Citigroup is $5.10 based on the research report published on September 17, 2024 of the current year 2024.
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 16.20% 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 -5.56% of loss for the given period.
Volatility was left at 6.24%, however, over the last 30 days, the volatility rate increased by 6.59%, as shares sank -2.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.23% upper at present.
During the last 5 trading sessions, GCI rose by +2.38%, which changed the moving average for the period of 200-days by +199.47% in comparison to the 20-day moving average, which settled at $5.02. In addition, Gannett Co Inc. saw 143.48% 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 0.76. 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
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.
