Gannett Co Inc. (NYSE: GCI) 52-Week High Located At $3.60, Forget The Dips, Just Ride The Rips

Gannett Co Inc. (NYSE:GCI) does about 907.51K shares in volume on a normal day but saw 814454 shares change hands in Tuesday’s trading. The company now has a market cap of 494.29M USD. Its current market price is $3.35, marking a decrease of -0.30% compared to the previous close of $3.36. The 52 week high reached by this stock is $3.60 whilst the lowest price level in 52 weeks is $1.66.

Gannett Co Inc. (GCI) has a 20-day trading average at $2.84 and the current price is -6.94% off the 52-week high compared with 101.81% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.47 and its 200-day simple moving average is $2.44. If we look at the stock’s price movements over the week, volatility stands at 5.06%, which increases to 6.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 72.23 to suggest the stock is overbought.

The consensus objective for the share price is $3.32, suggesting that the stock has a potential downside of -0.9% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 12, 2023 when Compass Point initiated the stock to “Buy” and issued a price target of $5.

Gannett Co Inc. (GCI) stock is up 4.36% over the week and 44.40% over the past month. Its price is 45.65% year-to-date and 65.02% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -0.9 percent from here.

The company has a return on investment of -8.81% and return on equity of -44.33%. The forward price to earnings ratio is 17.61. The beta has a value of 2.39. Price to book ratio is 2.12 and price to sales ratio is 0.19.