Gannett Co Inc. (NYSE:GCI) has a beta value of 2.50 and has seen 5.16 million shares traded in the last trading session. The company, currently valued at $662.72M, closed the last trade at $4.49 per share which meant it gained $0.28 on the day or 6.65% during that session. The GCI stock price is -12.47% off its 52-week high price of $5.05 and 63.03% above the 52-week low of $1.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.09 million shares traded. The 3-month trading volume is 1.42 million shares.
The consensus among analysts is that Gannett Co Inc. (GCI) is Buy stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.07.
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Gannett Co Inc. (NYSE:GCI) trade information
Sporting 6.65% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GCI stock price touched $4.49 or saw a rise of 1.75%. Year-to-date, Gannett Co Inc. shares have moved 95.22%, while the 5-day performance has seen it change 1.81%. Over the past 30 days, the shares of Gannett Co Inc. (NYSE:GCI) have changed -7.61%. Short interest in the company has seen 17.68 million shares shorted with days to cover at 15.37.
Wall Street analysts have a consensus price target for the stock at $4.33, which means that the shares’ value could drop -3.7% from current levels. The projected low price target is $2.65 while the price target rests at a high of $6.0. In that case, then, we find that the current price level is -33.63% off the targeted high while a plunge would see the stock lose 40.98% from current levels.
Gannett Co Inc. (GCI) estimates and forecasts
The company’s shares have gained 92.70% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -3.30%.
3 analysts offering their estimates for the company have set an average revenue estimate of 634.69M for the current quarter. 3 have an estimated revenue figure of 664.87M for the next ending quarter. Year-ago sales stood 652.87M and 669.4M respectively for this quarter and the next, and analysts expect sales will shrink by -2.80% for the current quarter and -3.30% for the next.
Gannett Co Inc. (NYSE:GCI)’s Major holders
Insiders own 9.38% of the company shares, while shares held by institutions stand at 70.23% with a share float percentage of 77.50%. Investors are also buoyed by the number of investors in a company, with Gannett Co Inc. having a total of 199.0 institutions that hold shares in the company. The top two institutional holders are ALTA FUNDAMENTAL ADVISERS LLC with over 13.15 million shares worth more than $32.08 million. As of 2024-03-31, ALTA FUNDAMENTAL ADVISERS LLC held 9.3387% of shares outstanding.
The other major institutional holder is APOLLO MANAGEMENT HOLDINGS, L.P., with the holding of over 12.29 million shares as of 2024-03-31. The firm’s total holdings are worth over $29.99 million and represent 8.7322% of shares outstanding.
