Gray Television, Inc (NYSE: GTN) is -53.01% lower on its value in year-to-date trading and has touched a low of $3.95 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 $4.35 in the last trading session, with the day’s loss setting it -0.14%.
Currently trading at $4.21, the stock is -18.29% and -19.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -3.22% at the moment leaves the stock -25.51% off its SMA200. GTN registered -48.97% loss for a year compared to 6-month loss of -29.72%. The firm has a 50-day simple moving average (SMA 50) of $5.256 and a 200-day simple moving average (SMA200) of $5.6518.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -22.89% gain in the last 1 month and extending the period to 3 months gives it a -13.55%, and is -4.32% down 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 5.90% over the week and 5.44% over the month.
Gray Television, Inc (GTN) has around 9374 employees, a market worth around $443.19M and $3.46B in sales. Current P/E ratio is 2.80. Profit margin for the company is 4.19%. Distance from 52-week low is 6.58% and -58.19% from its 52-week high. The company has generated returns on investments over the last 12 months (1.66%).
The EPS is expected to grow by 317.37% this year
280.0 institutions hold shares in Gray Television, Inc (GTN), with institutional investors hold 78.12% of the company’s shares. The shares outstanding are 87.23M, and float is at 84.34M with Short Float at 4.97%. Institutions hold 72.84% 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).
