In the last trading session, 1.02 million Gannett Co Inc. (NYSE:GCI) shares changed hands as the company’s beta touched 2.48. With the company’s per share price at $5.02 changed hands at $0.07 or 1.41% during last session, the market valuation stood at $740.95M. GCI’s last price was a discount, traded about -0.6% off its 52-week high of $5.05. The share price had its 52-week low at $1.66, which suggests the last value was 66.93% up since then. When we look at Gannett Co Inc.’s average trading volume, we note the 10-day average is 1.73 million shares, with the 3-month average coming to 1.46 million.
Analysts gave the Gannett Co Inc. (GCI) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GCI as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gannett Co Inc.’s EPS for the current quarter is expected to be -0.1.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Gannett Co Inc. (NYSE:GCI) trade information
Instantly GCI was in green as seen at the end of in last trading. With action 11.80%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 118.26%, with the 5-day performance at 11.80% in the green. However, in the 30-day time frame, Gannett Co Inc. (NYSE:GCI) is 3.51% up. Looking at the short shares, we see there were 17.68 million shares sold at short interest cover period of 15.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.33, meaning bulls need a downside of -15.94% from its current market value. According to analyst projections, GCI’s forecast low is 2.65 with 6 as the target high. To hit the forecast high, the stock’s price needs a -19.52% plunge from its current level, while the stock would need to tank 47.21% for it to hit the projected low.
Gannett Co Inc. (GCI) estimates and forecasts
Year-over-year growth is forecast to reach -3.40% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 633.53M. 3 analysts are of the opinion that Gannett Co Inc.’s revenue for the current quarter will be 663.41M. The company’s revenue for the corresponding quarters a year ago was 652.87M and 669.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.00%. The estimates for the next quarter sales put growth at -0.90%.
The 2024 estimates are for Gannett Co Inc. earnings to decrease by -104.27%.
GCI Dividends
Gannett Co Inc. is expected to release its next quarterly earnings report in September. During the past 5 years, the average dividend yield was 18.87 per year.
Gannett Co Inc. (NYSE:GCI)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.46% of Gannett Co Inc. shares while 74.76% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 82.57%. There are 74.76% institutions holding the Gannett Co Inc. stock share, with ALTA FUNDAMENTAL ADVISERS LLC the top institutional holder. As of 2024-03-31, the company held 9.3387% of the shares, roughly 13.15 million GCI shares worth $32.08 million.
APOLLO MANAGEMENT HOLDINGS, L.P. holds the second largest percentage of outstanding shares, with 8.7322% or 12.29 million shares worth $29.99 million as of 2024-03-31.
