The stock price of Gannett Co Inc (NYSE: GCI) has surged by 3.21 when compared to previous closing price of 5.29, but the company has seen a 16.42% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Gannett Co., Inc. (GCI) Q3 2024 Earnings Call Transcript
Is It Worth Investing in Gannett Co Inc (NYSE: GCI) Right Now?
The 36-month beta value for GCI is at 2.56. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for GCI is 119.35M, and currently, shorts hold a 12.22% of that float. The average trading volume for GCI on November 08, 2024 was 1.72M shares.
GCI’s Market Performance
GCI stock saw a decrease of 16.42% in the past week, with a monthly decline of -4.38% and a quarterly a decrease of 26.98%. The volatility ratio for the week is 5.95%, and the volatility levels for the last 30 days are 5.49% for Gannett Co Inc (GCI). The simple moving average for the past 20 days is 1.37% for GCI’s stock, with a 41.19% 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 3.62% 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 -7.93% of loss for the given period.
Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 5.95%, as shares surge +2.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.37% upper at present.
During the last 5 trading sessions, GCI rose by +16.42%, which changed the moving average for the period of 200-days by +117.53% in comparison to the 20-day moving average, which settled at $5.39. In addition, Gannett Co Inc saw 137.39% 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:
- 0.02 for the present operating margin
- 0.33 for the gross margin
The net margin for Gannett Co Inc stands at -0.04. The total capital return value is set at 0.04. Equity return is now at value -40.06, with -5.27 for asset returns.
Based on Gannett Co Inc (GCI), the company’s capital structure generated 0.83 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 5.03. The interest coverage ratio of the stock is 0.57.
Currently, EBITDA for the company is 234.63 million with net debt to EBITDA at 4.84. 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 10.48for trailing twelve months and the total asset turnover is 1.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Gannett Co Inc (GCI) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
