During the last session, Gray Television, Inc. (NYSE:GTN)’s traded shares were 1.38 million, with the beta value of the company hitting 1.49. At the end of the trading day, the stock’s price was $5.14, reflecting an intraday loss of -1.15% or -$0.06. The 52-week high for the GTN share is $10.07, that puts it down -95.91 from that peak though still a striking 19.26% gain since the share price plummeted to a 52-week low of $4.15. The company’s market capitalization is $512.30M, and the average intraday trading volume over the past 10 days was 1.38 million shares, and the average trade volume was 1.58 million shares over the past three months.
Gray Television, Inc. (GTN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.67. GTN has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.92.
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Gray Television, Inc. (NYSE:GTN) trade information
Gray Television, Inc. (GTN) registered a -1.15% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.15% in intraday trading to $5.14, hitting a weekly high. The stock’s 5-day price performance is 6.20%, and it has moved by -20.31% in 30 days. Based on these gigs, the overall price performance for the year is -36.15%. The short interest in Gray Television, Inc. (NYSE:GTN) is 7.08 million shares and it means that shorts have 3.67 day(s) to cover.
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 -9.19% during the last six months, with a year-to-date growth rate more than the industry average at 457.55% against 10.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 261.40% this quarter and then jump 1,050.00% in the quarter after that. In the rating firms’ projections, revenue will increase 15.80% 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 968.87M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 1.18B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 803M and 864M respectively. In this case, analysts expect current quarter sales to grow by 20.70% and then jump by 36.80% in the coming quarter.
While earnings are projected to return 390.41% 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 on 2024-Nov-06. 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 6.23 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.83%.
Gray Television, Inc. (NYSE:GTN)’s Major holders
Gray Television, Inc. insiders own 6.76% of total outstanding shares while institutional holders control 81.68%, with the float percentage being 87.60%. BLACKROCK INC. is the largest shareholder of the company, while 291.0 institutions own stock in it. As of 2024-06-30, the company held over 7.24 million shares (or 7.707% of all shares), a total value of $37.67 million in shares.
The next largest institutional holding, with 5.63 million shares, is of VANGUARD GROUP INC’s that is approximately 5.9911% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $29.28 million.
Also, the Mutual Funds coming in first place with the largest holdings of Gray Television, Inc. (GTN) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 2.63 shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $13.5 million market value. The same data shows that the other fund manager holds slightly less at 1.96, or about 2.16% of the stock, which is worth about $10.08 million.
