Putting The Spotlight On Gray Television, Inc. (GTN)

Gray Television, Inc. (NYSE:GTN) currently has a daily average trading volume of 1.17M but it saw 1594155 shares traded in last market. With a market cap of 494.71M USD, the company’s current market price of $4.99 came rising about 9.43 while comparing to the previous closing price of $4.56. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.69 and as low as $4.39.

Taking a look at 20-day trading activity of Gray Television, Inc. (GTN) gives us an average price of $4.99, while its current price level is -53.32% below from 52-week high level whereas it is 13.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.72 while that of 200 days or SMA-200 reads an average of $6.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.35% during that period while stretching the period over a month that decreases to 4.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.65 which implies that the stock is in neutral territory.

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Wells Fargo downgraded its recommendation for the stock as a “Underweight” from “Overweight” on November 09, 2022 while assigning a price target range of $25-$7. Wells Fargo issued its recommendations for the stock as it resumed the price target for the stock is $26.

Over the week, GTN’s stock price is moving -1.58% down while it is -9.60% when we observe its performance for the past one month. Year-to-date it is -44.31% down and over the past year, the stock is showing a downside performance of -40.38%.

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Currently, Gray Television, Inc.’s total number of outstanding shares is 87.23M. Company’s return on investment (ROI) stands at -0.10% and return on equity (ROE) at 1.59%. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 0.24 while price to sale or P/S ratio amounts to 0.15. Its return on asset (ROA) is 0.40% on average.

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