In the last trading session, 1.07 million Gray Media Inc (NYSE:GTN) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $3.31 changed hands at $0.04 or 1.22% during last session, the market valuation stood at $365.24M. GTN’s last price was a discount, traded about -204.23% off its 52-week high of $10.07. The share price had its 52-week low at $2.91, which suggests the last value was 12.08% up since then. When we look at Gray Media Inc’s average trading volume, we note the 10-day average is 1.44 million shares, with the 3-month average coming to 1.40 million.
Analysts gave the Gray Media Inc (GTN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GTN as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Gray Media Inc’s EPS for the current quarter is expected to be 1.27.
Gray Media Inc (NYSE:GTN) trade information
Instantly GTN was in green as seen at the end of in last trading. With action -10.78%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.08%, with the 5-day performance at -10.78% in the red. However, in the 30-day time frame, Gray Media Inc (NYSE:GTN) is -17.04% down. Looking at the short shares, we see there were 4.42 million shares sold at short interest cover period of 2.72 days.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 52.71% from its current market value. According to analyst projections, GTN’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -111.48% plunge from its current level, while the stock would need to soar -111.48% for it to hit the projected low.
Gray Media Inc (GTN) estimates and forecasts
Data shows that the Gray Media Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -35.23% over the past 6 months, a 320.14% in annual growth rate that is considerably higher than the industry average of 18.20%. Year-over-year growth is forecast to reach 10.86% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 1.04B. 4 analysts are of the opinion that Gray Media Inc’s revenue for the current quarter will be 797.86M. The company’s revenue for the corresponding quarters a year ago was 864M and 823M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.17%. The estimates for the next quarter sales put growth at -3.06%.
The 2025 estimates are for Gray Media Inc earnings to increase by 310.20%, but the outlook for the next 5-year period is at 10.00% per year.
GTN Dividends
Gray Media Inc is expected to release its next quarterly earnings report in February. The 9.67% annual yield figure for the share gives it an annual dividend of 0.32. It is important to note, however, that the 9.67% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.83 per year.
Gray Media Inc (NYSE:GTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.52% of Gray Media Inc shares while 73.32% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 78.44%. There are 73.32% institutions holding the Gray Media Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.707% of the shares, roughly 7.24 million GTN shares worth $37.67 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.9911% or 5.63 million shares worth $29.28 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 2.57 shares estimated at $8.52 million under it, the former controlled 2.83% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.46% of the shares, roughly 2.24 shares worth around $7.4 million.
