Gray Television, Inc (NYSE: GTN) is -33.59% lower on its value in year-to-date trading and has touched a low of $4.15 and a high of $10.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GTN stock was last observed hovering at around $5.71 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $5.95, the stock is 4.63% and 12.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 4.20% at the moment leaves the stock 0.92% off its SMA200. GTN registered -21.19% loss for a year compared to 6-month loss of -11.72%. The firm has a 50-day simple moving average (SMA 50) of $5.2852 and a 200-day simple moving average (SMA200) of $5.9136.
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The stock witnessed a 13.77% gain in the last 1 month and extending the period to 3 months gives it a 32.52%, and is 2.23% 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 3.46% over the week and 3.60% over the month.
Gray Television, Inc (GTN) has around 9374 employees, a market worth around $608.78M and $3.32B in sales. Current P/E ratio is 77.47. Profit margin for the company is 0.27%. Distance from 52-week low is 43.37% and -40.91% from its 52-week high. The company has generated returns on investments over the last 12 months (0.10%).
Gray Television, Inc quarterly earnings per share for the current quarter are estimated at 0.92 with sales reaching $967.56M over the same period.The EPS is expected to grow by 392.81% this year, but quarterly earnings will post 16.00% year-over-year. Quarterly sales are estimated to grow 20.50% in year-over-year returns.
277.0 institutions hold shares in Gray Television, Inc (GTN), with institutional investors hold 87.34% of the company’s shares. The shares outstanding are 87.23M, and float is at 84.16M with Short Float at 5.41%. Institutions hold 81.44% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.24 million shares valued at $37.67 million. The investor’s holdings represent 7.707 of the GTN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.63 million shares valued at $29.28 million to account for 5.9911 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 4.76 million shares representing 5.065 and valued at over $24.76 million, while MORGAN STANLEY holds 4.9144 of the shares totaling 4.62 million with a market value of $24.02 million.
Gray Television, Inc (GTN) Insider Activity
The most recent transaction is an insider purchase by HOWELL HILTON H JR, the company’s Chairman, President & CEO. SEC filings show that HOWELL HILTON H JR bought 10,000 shares of the company’s common stock on Mar 28 ’24 at a price of $8.09 per share for a total of $80934.0. Following the purchase, the insider now owns 2.98 million shares.
Gray Television, Inc disclosed in a document filed with the SEC on Mar 28 ’24 that Howell Robin Robinson (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $8.09 per share for $80934.0. Following the transaction, the insider now directly holds 2.98 million shares of the GTN stock.
Still, SEC filings show that on Jan 02 ’24, BOGER RICHARD LEE (Director) acquired 399 shares at an average price of $8.97 for $3578.0. The insider now directly holds 60,130 shares of Gray Television, Inc (GTN).
