During the last session, Gray Television, Inc. (NYSE:GTN)’s traded shares were 0.89 million, with the beta value of the company hitting 1.56. At the end of the trading day, the stock’s price was $5.61, reflecting an intraday loss of -2.77% or -$0.16. The 52-week high for the GTN share is $10.69, that puts it down -90.55 from that peak though still a striking 3.03% gain since the share price plummeted to a 52-week low of $5.44. The company’s market capitalization is $545.29M, and the average trade volume was 1.27 million shares over the past three months.
Gray Television, Inc. (NYSE:GTN) trade information
Gray Television, Inc. (GTN) registered a -2.77% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.77% in intraday trading to $5.61, hitting a weekly high. The stock’s 5-day price performance is -5.24%, and it has moved by -9.81% in 30 days. Based on these gigs, the overall price performance for the year is -24.70%.
Gray Television, Inc. (GTN) estimates and forecasts
Statistics show that Gray Television, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Gray Television, Inc. (GTN) shares have gone down -8.33% during the last six months, with a year-to-date growth rate more than the industry average at 371.94% against 29.40. In the rating firms’ projections, revenue will increase 17.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 824.98M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 853.51M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 801M and 813M respectively. In this case, analysts expect current quarter sales to grow by 3.00% and then jump by 5.00% in the coming quarter.
While earnings are projected to return 376.88% in 2024, the next five years will return 36.90% per annum.
GTN Dividends
Gray Television, Inc. is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Gray Television, Inc. is 0.32, with the dividend yield indicating at 5.70 percent, continuing the trend of increasing dividends in recent years.
