In the past week, TGNA stock has gone up by 5.76%, with a monthly gain of 14.61% and a quarterly surge of 35.36%. The volatility ratio for the week is 2.09%, and the volatility levels for the last 30 days are 3.26% for TEGNA Inc The simple moving average for the past 20 days is 5.65% for TGNA’s stock, with a 27.01% simple moving average for the past 200 days.
Is It Worth Investing in TEGNA Inc (NYSE: TGNA) Right Now?
TEGNA Inc (NYSE: TGNA) has a higher price-to-earnings ratio of 6.66x compared to its average ratio. TGNA has 36-month beta value of 0.53. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 6 as “hold,” and 1 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 27, 2024 was 2.55M shares.
TGNA) stock’s latest price update
The stock price of TEGNA Inc (NYSE: TGNA) has plunged by -0.16 when compared to previous closing price of 18.94, but the company has seen a 5.76% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-23 that TEGNA shares have surged 33% since September, driven by strong Q3 results and M&A optimism, nearing my $19-20 fair value target. Despite cord-cutting pressures, TEGNA’s local news and sports rights provide resilience, with subscription revenue declines offset by higher per-customer revenue. Cost controls and strategic sports deals are maintaining margins and free cash flow, with $350 million returned to shareholders this year.
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 13.67% 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 -3.62% of loss for the given period.
Volatility was left at 3.26%, however, over the last 30 days, the volatility rate increased by 2.09%, as shares surge +14.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.51% upper at present.
During the last 5 trading sessions, TGNA rose by +5.76%, which changed the moving average for the period of 200-days by +29.52% in comparison to the 20-day moving average, which settled at $17.90. In addition, TEGNA Inc saw 23.59% 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 0.1. 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 0.2. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 3.85.
Currently, EBITDA for the company is 732.95 million with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 1.91. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.60.
Conclusion
To put it simply, TEGNA Inc (TGNA) 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.
