Gray Television, Inc (NYSE: GTN) is -60.83% lower on its value in year-to-date trading and has touched a low of $3.65 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 $3.72 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $3.51, the stock is -16.27% and -28.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing -5.65% at the moment leaves the stock -34.85% off its SMA200. GTN registered -60.56% loss for a year compared to 6-month loss of -28.51%. The firm has a 50-day simple moving average (SMA 50) of $4.9658 and a 200-day simple moving average (SMA200) of $5.3987.
The stock witnessed a -26.72% gain in the last 1 month and extending the period to 3 months gives it a -31.18%, and is -14.60% 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 7.95% over the week and 5.38% over the month.
Gray Television, Inc (GTN) has around 9374 employees, a market worth around $358.76M and $3.46B in sales. Current P/E ratio is 2.34. Profit margin for the company is 4.19%. Distance from 52-week low is -3.84% and -65.14% 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 310.19% this year.
Gray Television, Inc (GTN) Top Institutional Holders
285.0 institutions hold shares in Gray Television, Inc (GTN), with institutional investors hold 78.22% of the company’s shares. The shares outstanding are 90.82M, and float is at 84.57M with Short Float at 5.32%. Institutions hold 73.10% 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
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Gray Television, Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Latek Kevin Paul (EVP Chief L & D Officer) sold a total of 150,216 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $4.37 per share for $0.66 million. Following the transaction, the insider now directly holds 0.51 million shares of the GTN stock.
Still, SEC filings show that on Dec 02 ’24, Latek Kevin Paul (EVP Chief L & D Officer) disposed off 4,908 shares at an average price of $4.37 for $21448.0. The insider now directly holds 0 shares of Gray Television, Inc (GTN).
