Gray Media Inc (NYSE:GTN) has a beta value of 1.10 and has seen 1.58 million shares traded in the last trading session. The GTN stock price is -71.53% off its 52-week high price of $7.41 and 32.64% above the 52-week low of $2.91. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.04 million shares traded. The 3-month trading volume is 1.55 million shares.
The consensus among analysts is that Gray Media Inc (GTN) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
Gray Media Inc (NYSE:GTN) trade information
Over the past 30 days, the shares of Gray Media Inc (NYSE:GTN) have changed 17.07%. Short interest in the company has seen 4.12 million shares shorted with days to cover at 2.26.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 38.29% from current levels. The projected low price target is $7.0 while the price target rests at a high of $7.0. In that case, then, we find that the current price level is -62.04% off the targeted high while a plunge would see the stock gain -62.04% from current levels.
Gray Media Inc (GTN) estimates and forecasts
The company’s shares have lost -18.64% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 21.51% over the past 5 years.
GTN Dividends
Gray Media Inc is expected to release its next earnings report on 2025-Feb-26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.32 at a share yield of 7.41%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.83%.
Gray Media Inc (NYSE:GTN)’s Major holders
Insiders own 7.12% of the company shares, while shares held by institutions stand at 72.80% with a share float percentage of 78.37%. Investors are also buoyed by the number of investors in a company, with Gray Media Inc having a total of 272.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 7.24 million shares worth more than $37.67 million. As of 2024-06-30, BLACKROCK INC. held 7.6259% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.63 million shares as of 2024-06-30. The firm’s total holdings are worth over $29.28 million and represent 5.9911% of shares outstanding.
