Gannett Co Inc (NYSE: GCI) is -17.85% lower on its value in year-to-date trading and has touched a low of $2.55 and a high of $5.93 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 GCI stock was last observed hovering at around $3.71 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $3.82, the stock is 7.77% and 9.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.45 million and changing 2.96% at the moment leaves the stock -11.68% off its SMA200. GCI registered -24.51% loss for a year compared to 6-month loss of -28.73%. The firm has a 50-day simple moving average (SMA 50) of $3.4968 and a 200-day simple moving average (SMA200) of $4.32525.
The stock witnessed a 7.00% gain in the last 1 month and extending the period to 3 months gives it a 40.44%, and is 3.80% 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 4.06% over the week and 4.24% over the month.
Gannett Co Inc (GCI) has around 8900 employees, a market worth around $559.39M and $2.45B in sales. Current P/E ratio is 12.52. Profit margin for the company is 2.09%. Distance from 52-week low is 49.80% and -35.58% from its 52-week high. The company has generated returns on investments over the last 12 months (4.09%).
The EPS is expected to shrink by -108.44% this year
243.0 institutions hold shares in Gannett Co Inc (GCI), with institutional investors hold 86.73% of the company’s shares. The shares outstanding are 146.66M, and float is at 119.74M with Short Float at 12.32%. Institutions hold 82.35% of the Float.
The top institutional shareholder in the company is APOLLO MANAGEMENT HOLDINGS, L.P. with over 13.17 million shares valued at $60.69 million. The investor’s holdings represent 9.218 of the GCI Shares outstanding. As of 2024-06-30, the second largest holder is ALTA FUNDAMENTAL ADVISERS LLC with 13.15 million shares valued at $60.61 million to account for 9.2045 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 10.49 million shares representing 7.3463 and valued at over $48.37 million, while VANGUARD GROUP INC holds 5.6217 of the shares totaling 8.03 million with a market value of $37.01 million.
