In last trading session, Gannett Co., Inc. (NYSE:GCI) saw 3,017,025 shares changing hands with its beta currently measuring 1.97. Company’s recent per share price level of $2.33 trading at -$0.1 or -4.12% at ring of the bell on the day assigns it a market valuation of $321.44 Million. That closing price of GCI’s stock is at a discount of -203% from its 52-week high price of $7.06 and is indicating a premium of 72.96% from its 52-week low price of $0.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.32 Million shares which gives us an average trading volume of 1.66 Million if we extend that period to 3-months.
For Gannett Co., Inc. (GCI), analysts’ consensus is at an average recommendation of Underweight while assigning it a mean rating of 4. Splitting up the data highlights that, out of 3 analysts covering the stock, 2 rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.32 in the current quarter.
Gannett Co., Inc. (NYSE:GCI) trade information
In the face of being in the red today for losing -4.12%, in the last five days GCI remained trading in the green while hitting it’s week-highest on Wednesday, Nov 18 when the stock touched $2.55-8 price level, adding 8.63% to its value on the day. Gannett Co., Inc.’s shares saw a change of -63.48% in year-to-date performance and have moved 38.69% in past 5-day. Gannett Co., Inc. (NYSE:GCI) showed a performance of 59.59% in past 30-days. Number of shares sold short was 18.82 Million shares which calculate 11.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.15 to the stock, which implies targetted prices is already lagging behind -50.64% to its current value. Analysts have been projecting $1.15 as a low price target for the stock while placing it at a high target of $1.15. It follows that stock’s current price would jump -50.64% in reaching the projected high whereas dropping to the targeted low would mean a loss of -50.64% for stock’s current value.
Gannett Co., Inc. (GCI) estimates and forecasts
Statistics highlight that Gannett Co., Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company added +70.07% of value to its shares in past 6 months, showing an annual growth rate of -382.47% while that of industry is -20.9. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -194.1% in the current quarter and calculating 65.6% increase in the next quarter. This year revenue growth is estimated to rise 82% from the last financial year’s standing.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.7% during past 5 years. In 2020, company’s earnings growth rate is likely to be around -732.2% while estimates for its earnings growth in next 5 years are of 0%
Gannett Co., Inc. (NYSE:GCI)’s Major holders
Insiders are in possession of 6.3% of company’s total shares while institution are holding 59.5% percent of that, with stock having share float percentage of 63.5%. Investors also watch the number of corporate investors in a company very closely, which is 207 institutions for Gannett Co., Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at GCI for having 18.56 Million shares of worth $24.13 Million. And as of September 29, 2020, it was holding 13.45% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.08 Million shares on September 29, 2020. The number of shares represents firm’s hold over 5.86% of outstanding shares, having a total worth of $10.51 Million.
On the other hand, iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 7977496 shares of worth $10.37 Million or 5.78% of the total outstanding shares. The later fund manager was in possession of 3.29 Million shares on June 29, 2020, making its stake of worth around $4.55 Million in the company or a holder of 2.39% of company’s stock.