In last trading session, Gray Television, Inc (NYSE:GTN) saw 0.39 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $4.27 trading at -$0.04 or -0.93% at ring of the bell on the day assigns it a market valuation of $449.14M. That closing price of GTN’s stock is at a discount of -135.83% from its 52-week high price of $10.07 and is indicating a premium of 7.49% from its 52-week low price of $3.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.36 million shares which gives us an average trading volume of 1.21 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. The company is expected to be making an EPS of 1.27 in the current quarter.
Gray Television, Inc (NYSE:GTN) trade information
Upright in the red during last session for losing -0.93%, in the last five days GTN remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $4.27 price level, adding 5.32% to its value on the day. Gray Television, Inc’s shares saw a change of -52.34% in year-to-date performance and have moved -2.06% in past 5-day. Gray Television, Inc (NYSE:GTN) showed a performance of -26.63% in past 30-days. Number of shares sold short was 4.62 million shares which calculate 3.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7 to the stock, which implies a rise of 39.0% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 7. It follows that stock’s current price would drop -63.93% in reaching the projected high whereas dropping to the targeted low would mean a loss of -63.93% for stock’s current value.
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 -31.57% of value to its shares in past 6 months, showing an annual growth rate of 307.19% while that of industry is 17.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 10.79% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.04B for the same. And 4 analysts are in estimates of company making revenue of 797.86M in the next quarter. Company posted 864M and 823M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 307.91% while estimates for its earnings growth in next 5 years are of 10.00%.
GTN Dividends
Gray Television, Inc is more likely to be releasing its next quarterly report in December 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 7.49%, 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 6.76% of company’s total shares while institution are holding 72.95 percent of that, with stock having share float percentage of 78.24%. Investors also watch the number of corporate investors in a company very closely, which is 72.95% institutions for Gray Television, Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at GTN for having 7.24 million shares of worth $37.67 million. And as of 2024-06-30, it was holding 7.707 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 5.63 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.9911 of outstanding shares, having a total worth of $29.28 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 2.57 shares of worth $10.99 million or 2.83% of the total outstanding shares. The later fund manager was in possession of 2.32 shares on Aug 31, 2024 , making its stake of worth around $9.93 million in the company or a holder of 2.56% of company’s stock.
