Gray Media Inc (NYSE: GTN) is 10.79% higher on its value in year-to-date trading and has touched a low of $2.91 and a high of $7.41 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 $3.54 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $3.49, the stock is -11.01% and -3.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -1.41% at the moment leaves the stock -26.60% off its SMA200. GTN registered -38.99% loss for a year compared to 6-month loss of -31.57%.
The stock witnessed a -5.68% gain in the last 1 month and extending the period to 3 months gives it a -18.27%, and is -9.82% 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 8.12% over the week and 6.64% over the month.
Gray Media Inc (GTN) has around 9118 employees, a market worth around $370.16M and $3.64B in sales. Current P/E ratio is 1.05 and Fwd P/E is 1.20. Profit margin for the company is 8.86%. Distance from 52-week low is 19.93% and -52.90% from its 52-week high. The company has generated returns on investments over the last 12 months (3.76%).
The EPS is expected to shrink by -118.63% this year
The shares outstanding are 90.77M, and float is at 83.53M with Short Float at 5.47%.
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
A total of 0 insider transactions have happened at Gray Media Inc (GTN) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by BOGER RICHARD LEE, the company’s Director. SEC filings show that BOGER RICHARD LEE sold 16,000 shares of the company’s common stock on Feb 28 ’25 at a price of $3.85 per share for a total of $61552.0. Following the sale, the insider now owns 55347.0 shares.
Still, SEC filings show that on Dec 16 ’24, McTear Paul (Director) disposed off 17,780 shares at an average price of $3.77 for $67020.0. The insider now directly holds 95,360 shares of Gray Media Inc (GTN).
Gray Media Inc (GTN): Who are the competitors?
One of the company’s main competitors (and peers) include Entravision Communications Corp. (EVC) that is trading 11.73% up over the past 12 months.Nexstar Media Group Inc. Cl A (NXST) lies in the list of competitors of the Gray Media Inc and is 5.59% higher over the same period from GTNE.W. Scripps Co. Cl A (SSP) is -64.85% down on the 1-year trading charts.
