Gray Television, Inc. (NYSE:GTN) currently has a daily average trading volume of 1.55M but it saw 1730913 shares traded in last market. With a market cap of 424.32M USD, the company’s current market price of $4.28 came rising about 1.18 while comparing to the previous closing price of $4.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.07 and as low as $4.15. In the recent trading on the day, stock has struck highest price mark of $4.175 while lowest mark touched by it was $4.34.
Taking a look at 20-day trading activity of Gray Television, Inc. (GTN) gives us an average price of $5.53, while its current price level is -57.50% below from 52-week high level whereas it is 3.13% 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 $5.31 while that of 200 days or SMA-200 reads an average of $6.77. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.27% during that period while stretching the period over a month that decreases to 6.13%. 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 28.64 which implies that the stock is in oversold territory.
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 -18.63% down while it is -22.60% when we observe its performance for the past one month. Year-to-date it is -52.23% down and over the past year, the stock is showing a downside performance of -51.31%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.57 beaten by the consensus estimate of -0.32 for the same. In next quarter, company is expected to be making quarterly sales of $1.19B as analysts are expecting the sales for current fiscal year at $3.83B and seeing the company making $3.28B in sales next year. Moreover, analysts are in estimates of $977.46M for current-quarter revenue.
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 2.25%. It has a price to earnings ratio (P/E ratio) of 55.73. Stock’s beta reads 1.55. Stock has a price to book (P/B) ratio of 0.21 while price to sale or P/S ratio amounts to 0.13. Its return on asset (ROA) is 0.57% on average.
