Gray Media Inc (NYSE: GTN) is 26.98% higher on its value in year-to-date trading and has touched a low of $2.91 and a high of $8.16 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 GTN stock was last observed hovering at around $4.10 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $4.00, the stock is 3.12% and 10.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing -2.44% at the moment leaves the stock -18.20% off its SMA200. GTN registered -51.87% loss for a year compared to 6-month loss of -19.35%.
The stock witnessed a 21.95% gain in the last 1 month and extending the period to 3 months gives it a -14.71%, and is 1.78% 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 4.51% over the week and 6.32% over the month.
Gray Media Inc (GTN) has around 9374 employees, a market worth around $423.51M and $3.46B in sales. Current P/E ratio is 2.66. Profit margin for the company is 4.19%. Distance from 52-week low is 37.46% and -50.98% from its 52-week high. The company has generated returns on investments over the last 12 months (1.66%).
with sales reaching $1.04B over the same period.The EPS is expected to grow by 313.24% this year, but quarterly earnings will post 10.86% year-over-year. Quarterly sales are estimated to grow 20.17% in year-over-year returns.
The shares outstanding are 90.82M, and float is at 84.60M with Short Float at 5.28%.
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 Media Inc (GTN) Insider Activity
The most recent transaction is an insider sale by McTear Paul, the company’s Director. SEC filings show that McTear Paul sold 17,780 shares of the company’s common stock on Dec 16 ’24 at a price of $3.77 per share for a total of $67020.0. Following the sale, the insider now owns 95360.0 shares.
Still, SEC filings show that on Dec 02 ’24, Latek Kevin Paul (EVP Chief L & D Officer) disposed off 150,216 shares at an average price of $4.37 for $0.66 million. The insider now directly holds 509,212 shares of Gray Media Inc (GTN).
