In the last trading session, 1.14 million shares of the Gray Television, Inc (NYSE:GTN) were traded, and its beta was 1.35. Most recently the company’s share price was $4.10, and it changed around -$0.06 or -1.44% from the last close, which brings the market valuation of the company to $424.79M. GTN currently trades at a discount to its 52-week high of $10.07, offering almost -145.61% off that amount. The share price’s 52-week low was $3.95, which indicates that the current value has risen by an impressive 3.66% since then. We note from Gray Television, Inc’s average daily trading volume that its 10-day average is 1.1 million shares, with the 3-month average coming to 1.20 million.
Gray Television, Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.43. If we narrow it down even further, the data shows that 2 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended GTN as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Gray Television, Inc is expected to report earnings per share of 1.27 for the current quarter.
Gray Television, Inc (NYSE:GTN) trade information
Instantly GTN has showed a red trend with a performance of -1.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.48 on recent trading dayincreased the stock’s daily price by 8.48%. The company’s shares are currently down -54.24% year-to-date, but still down -3.98% over the last five days. On the other hand, Gray Television, Inc (NYSE:GTN) is -31.09% down in the 30-day period. We can see from the shorts that 4.62 million shares have been sold at a short interest cover period of 3.5 day(s).
The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 41.43% from its current value. Analyst projections state that GTN is forecast to be at a low of $7 and a high of $7.
Gray Television, Inc (GTN) estimates and forecasts
Gray Television, Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.72 percent over the past six months and at a 307.19% annual growth rate that is well above the industry average of 18.60%. The year-over-year growth rate is expected to be 10.79%, up from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 1.04B in revenue for the current quarter. 4 analysts expect Gray Television, Inc to make 797.86M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 864M and 823M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 19.90%. Forecasts for the next quarter put sales growth at -3.06%.
Gray Television, Inc earnings are expected to increase by 307.91% in 2024, but the outlook is positive 10.00% per year for the next five years.
GTN Dividends
Gray Television, Inc’s next quarterly earnings report is expected to be released in January. The annual dividend yield of the stock is 7.80 percent and its annual dividend per share was 0.32. It is important to note, however, that the 7.80% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.83 per year.
Gray Television, Inc (NYSE:GTN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 6.54% of Gray Television, Inc shares, and 73.12% of them are in the hands of institutional investors. The stock currently has a share float of 78.25%. Gray Television, Inc stock is held by 285.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.707% of the shares, which is about 7.24 million shares worth $37.67 million.
VANGUARD GROUP INC, with 5.9911% or 5.63 million shares worth $29.28 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
