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Gannett Co Inc. (GCI) Stock Could Soon Reward Patient Investors

Gannett Co Inc. (NYSE: GCI) is 85.65% higher on its value in year-to-date trading and has touched a low of $1.66 and a high of $4.28 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GCI stock was last observed hovering at around $4.00 in the last trading session, with the day’s gains setting it 0.27%.

Currently trading at $4.27, the stock is 16.44% and 41.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing 6.75% at the moment leaves the stock 71.19% off its SMA200. GCI registered 113.50% gain for a year compared to 6-month gain of 122.40%.

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The stock witnessed a 29.79% loss in the last 1 month and extending the period to 3 months gives it a 103.33%, and is 10.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.63% over the week and 5.47% over the month.

Gannett Co Inc. (GCI) has around 12800 employees, a market worth around $630.04M and $2.63B in sales. Fwd P/E is 20.08. Profit margin for the company is -4.67%. Distance from 52-week low is 157.23% and -0.23% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.81%).

The EPS is expected to shrink by -94.71% this year.

Gannett Co Inc. (GCI) Top Institutional Holders

The shares outstanding are 148.94M, and float is at 120.58M with Short Float at 13.93%.

Gannett Co Inc. (GCI) Insider Activity

The most recent transaction is an insider purchase by Tarica Laurence,the company’sDirector. SEC filings show that Tarica Laurence bought 200,000 shares of the company’s common stock on Nov 16 ’23 at a price of $1.85 per share for a total of $0.37 million. Following the purchase, the insider now owns 1.01 million shares.

Gannett Co Inc. disclosed in a document filed with the SEC on Nov 06 ’23 that Reed Michael (Chief Executive Officer) bought a total of 60,000 shares of the company’s common stock. The trade occurred on Nov 06 ’23 and was made at $2.01 per share for $0.12 million. Following the transaction, the insider now directly holds 3.3 million shares of the GCI stock.

Still, SEC filings show that on Aug 14 ’23, Reed Michael (Chief Executive Officer) acquired 80,000 shares at an average price of $3.29 for $0.26 million. The insider now directly holds 3,244,323 shares of Gannett Co Inc. (GCI).

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