In last trading session, Gray Television, Inc. (NYSE:GTN) saw 1.09 million shares changing hands with its beta currently measuring 1.50. Company’s recent per share price level of $6.27 trading at $0.18 or 2.96% at ring of the bell on the day assigns it a market valuation of $621.61M. That closing price of GTN’s stock is at a discount of -70.49% from its 52-week high price of $10.69 and is indicating a premium of 29.98% from its 52-week low price of $4.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.97 million shares which gives us an average trading volume of 1.38 million if we extend that period to 3-months.
For Gray Television, Inc. (GTN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.43. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Gray Television, Inc. (NYSE:GTN) trade information
Upright in the green during last session for gaining 2.96%, in the last five days GTN remained trading in the green while hitting it’s week-highest on Thursday, 07/25/24 when the stock touched $6.27 price level, adding 1.88% to its value on the day. Gray Television, Inc.’s shares saw a change of -30.02% in year-to-date performance and have moved 10.19% in past 5-day. Gray Television, Inc. (NYSE:GTN) showed a performance of 28.22% in past 30-days. Number of shares sold short was 6.21 million shares which calculate 3.93 days to cover the short interests.
Gray Television, Inc. (GTN) estimates and forecasts
Statistics highlight that Gray Television, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -32.22% of value to its shares in past 6 months, showing an annual growth rate of 470.50% while that of industry is 21.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
In 2024, company’s earnings growth rate is likely to be around 416.64% while estimates for its earnings growth in next 5 years are of 36.90%.
GTN Dividends
Gray Television, Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 5.10%, the share has a forward dividend of 0.32 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 4.83%.
Gray Television, Inc. (NYSE:GTN)’s Major holders
Insiders are in possession of 6.80% of company’s total shares while institution are holding 85.31 percent of that, with stock having share float percentage of 91.53%. Investors also watch the number of corporate investors in a company very closely, which is 85.31% institutions for Gray Television, Inc. that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GTN for having 7.03 million shares of worth $44.41 million. And as of 2024-03-31, it was holding 7.6381 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 5.66 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.1548 of outstanding shares, having a total worth of $35.79 million.
