TEGNA Inc (NYSE: TGNA)’s stock price has dropped by -0.97 in relation to previous closing price of 18.65. Nevertheless, the company has seen a gain of 15.01% in its stock price over the last five trading days. businesswire.com reported 2024-11-11 that TYSONS, Va.–(BUSINESS WIRE)–TEGNA names Dhanusha Sivajee senior vice president and chief experience officer.
Is It Worth Investing in TEGNA Inc (NYSE: TGNA) Right Now?
TEGNA Inc (NYSE: TGNA) has a price-to-earnings ratio of 6.50x that is above its average ratio. Additionally, the 36-month beta value for TGNA is 0.53. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for TGNA is 158.86M and currently, short sellers hold a 7.42% ratio of that float. The average trading volume of TGNA on November 13, 2024 was 2.59M shares.
TGNA’s Market Performance
The stock of TEGNA Inc (TGNA) has seen a 15.01% increase in the past week, with a 14.72% rise in the past month, and a 37.94% gain in the past quarter. The volatility ratio for the week is 5.09%, and the volatility levels for the past 30 days are at 2.86% for TGNA. The simple moving average for the past 20 days is 8.86% for TGNA’s stock, with a 25.43% simple moving average for the past 200 days.
Analysts’ Opinion of TGNA
Many brokerage firms have already submitted their reports for TGNA stocks, with JP Morgan repeating the rating for TGNA by listing it as a “Neutral.” The predicted price for TGNA in the upcoming period, according to JP Morgan is $17 based on the research report published on December 06, 2023 of the previous year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see TGNA reach a price target of $24. The rating they have provided for TGNA stocks is “Equal Weight” according to the report published on May 05th, 2022.
TGNA Trading at 16.96% from the 50-Day Moving Average
After a stumble in the market that brought TGNA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.86% of loss for the given period.
Volatility was left at 2.86%, however, over the last 30 days, the volatility rate increased by 5.09%, as shares surge +13.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +31.83% upper at present.
During the last 5 trading sessions, TGNA rose by +15.01%, which changed the moving average for the period of 200-days by +17.12% in comparison to the 20-day moving average, which settled at $16.97. In addition, TEGNA Inc saw 20.72% 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 TGNA starting from Trelstad Lynn B., who sale 25,000 shares at the price of $16.40 back on Oct 25 ’24. After this action, Trelstad Lynn B. now owns 154,617 shares of TEGNA Inc, valued at $410,000 using the latest closing price.
Trelstad Lynn B., the Officer of TEGNA Inc, proposed sale 25,000 shares at $16.40 during a trade that took place back on Oct 25 ’24, which means that Trelstad Lynn B. is holding shares at $410,000 based on the most recent closing price.
Stock Fundamentals for TGNA
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.4 for the gross margin
The net margin for TEGNA Inc stands at 0.17. The total capital return value is set at 5.97. Equity return is now at value 16.99, with 6.88 for asset returns.
Based on TEGNA Inc (TGNA), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is 7.65.
Currently, EBITDA for the company is 733.99 million with net debt to EBITDA at 3.5. When we switch over and look at the enterprise to sales, we see a ratio of 2.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.60.
Conclusion
In conclusion, TEGNA Inc (TGNA) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
