In the last trading session, 1.28 million shares of the Gray Media Inc (NYSE:GTN) were traded, and its beta was 1.11. Most recently the company’s share price was $4.81, and it changed around -$0.01 or -0.21% from the last close, which brings the market valuation of the company to $523.76M. GTN currently trades at a discount to its 52-week high of $7.41, offering almost -54.05% off that amount. The share price’s 52-week low was $2.91, which indicates that the current value has risen by an impressive 39.5% since then. We note from Gray Media Inc’s average daily trading volume that its 10-day average is 2.36 million shares, with the 3-month average coming to 1.58 million.
Gray Media Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.33. If we narrow it down even further, the data shows that 2 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 2 recommended GTN as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Gray Media Inc is expected to report earnings per share of -0.45 for the current quarter.
Gray Media Inc (NYSE:GTN) trade information
Instantly GTN has showed a red trend with a performance of -0.21% 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 5.29 on recent trading dayincreased the stock’s daily price by 9.07%. The company’s shares are currently up 52.70% year-to-date, but still down -2.43% over the last five days. On the other hand, Gray Media Inc (NYSE:GTN) is 18.18% up in the 30-day period. We can see from the shorts that 3.69 million shares have been sold at a short interest cover period of 2.43 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 31.29% from its current value. Analyst projections state that GTN is forecast to be at a low of $7 and a high of $7.
Gray Media Inc (GTN) estimates and forecasts
The year-over-year growth rate is expected to be -11.85%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 772.71M in revenue for the current quarter. 6 analysts expect Gray Media Inc to make 791.49M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 823M and 826M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.11%. Forecasts for the next quarter put sales growth at -4.18%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 21.51%.
GTN Dividends
Gray Media Inc’s next quarterly earnings report is expected to be released on 2025-Feb-26. The annual dividend yield of the stock is 6.65 percent and its annual dividend per share was 0.32. It is important to note, however, that the 6.65% 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 Media Inc (NYSE:GTN)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.31% of Gray Media Inc shares, and 73.18% of them are in the hands of institutional investors. The stock currently has a share float of 78.96%. Gray Media Inc stock is held by 272.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.6259% 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 2.57 shares worth $12.38 million, making up 2.80% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.41 shares worth around $11.58 million, which represents about 2.62% of the total shares outstanding.
