Gray Media Inc (NYSE:GTN) currently has a daily average trading volume of 1.47M but it saw 1209878 shares traded in last market. With a market cap of 383.15M USD, the company’s current market price of $3.50 came falling about -2.23 while comparing to the previous closing price of $3.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.95 and as low as $2.91. In the recent trading on the day, stock has struck highest price mark of $3.42 while lowest mark touched by it was $3.64.
Taking a look at 20-day trading activity of Gray Media Inc (GTN) gives us an average price of $3.43, while its current price level is -64.82% below from 52-week high level whereas it is 20.27% 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 $3.73 while that of 200 days or SMA-200 reads an average of $5.03. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.49% during that period while stretching the period over a month that decreases to 6.15%. 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 48.74 which implies that the stock is in neutral 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 1.74% up while it is 12.18% when we observe its performance for the past one month. Year-to-date it is 11.11% up and over the past year, the stock is showing a downside performance of -64.72%.
Currently, Gray Media Inc’s total number of outstanding shares is 90.82M with 6.52% of that held by the insiders while 73.14% of its common stock has been owned by the institutions. 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 2.33. Stock’s beta reads 1.41. Stock has a price to book (P/B) ratio of 0.16 while price to sale or P/S ratio amounts to 0.11. Its return on asset (ROA) is 1.84% on average.
