Gray Television, Inc (NYSE:GTN) currently has a daily average trading volume of 1.25M but it saw 2487214 shares traded in last market. With a market cap of 352.28M USD, the company’s current market price of $3.27 came falling about -0.61 while comparing to the previous closing price of $3.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.07 and as low as $3.27. In the recent trading on the day, stock has struck highest price mark of $3.18 while lowest mark touched by it was $3.44.
Taking a look at 20-day trading activity of Gray Television, Inc (GTN) gives us an average price of $4.08, while its current price level is -67.53% below from 52-week high level whereas it is 0.00% 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 $4.85 while that of 200 days or SMA-200 reads an average of $5.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.21% during that period while stretching the period over a month that decreases to 5.53%. 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 24.51 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 -18.05% down while it is -26.35% when we observe its performance for the past one month. Year-to-date it is -63.50% down and over the past year, the stock is showing a downside performance of -62.15%.
Currently, Gray Television, Inc’s total number of outstanding shares is 90.82M. Company’s return on investment (ROI) stands at 1.66% and return on equity (ROE) at 7.25%. It has a price to earnings ratio (P/E ratio) of 2.18. Stock’s beta reads 1.37. Stock has a price to book (P/B) ratio of 0.15 while price to sale or P/S ratio amounts to 0.10. Its return on asset (ROA) is 1.84% on average.
