Gannett Co Inc. (GCI): The Latest Casualty Of Increased Volatility?

Gannett Co Inc. (NYSE:GCI) does about 1.08M shares in volume on a normal day but saw 1246446 shares change hands in Friday’s trading. The company now has a market cap of 590.20M USD. Its current market price is $4.00, marking a decrease of -3.38% compared to the previous close of $4.14. The 52 week high reached by this stock is $4.28 whilst the lowest price level in 52 weeks is $1.66.

Gannett Co Inc. (GCI) has a 20-day trading average at $3.67 and the current price is -6.54% off the 52-week high compared with 140.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.03 and its 200-day simple moving average is $2.49. If we look at the stock’s price movements over the week, volatility stands at 5.64%, which decreases to 5.29% 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 66.83 to suggest the stock is neutral.

The consensus objective for the share price is $4.03, suggesting that the stock has a potential upside of 0.74% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 24, 2024 when Citigroup upgraded the stock to “Neutral” and issued a price target of between $1.95 and $3.60. Citigroup resumed its price target at $3.80.

Gannett Co Inc. (GCI) stock is up 6.38% over the week and 27.39% over the past month. Its price is 73.91% year-to-date and 91.39% over the past year.

To reach the target analysts have set, the stock logically needs to grow 0.74 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 18.81. The beta has a value of 2.49. Price to book ratio is 2.53 and price to sales ratio is 0.22.