Gray Television Inc. (NYSE:GTN) went up by 0.07% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the Broadcasting giant went up by $14.78 to trade ended Tuesday trading at $14.77. This is up from the $14.77 price recorded on Monday’s trading session. Thanks to this latest performance, GTN is closer to the higher price 52-week target of $22.00 and further from the lowest price target of $15.00. Its performance from the start of the year has also been negative, with GTN down by -31.06% year-to-date.
Gray Television Inc. (GTN) started the day trading at $15.43 and recorded an intraday high of $15.69. It also recorded an intraday low of $14.5 during Tuesday’s trading session. Gray Television Inc. is a very active stock that recorded a trading volume that is less than -18.34% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 997091, which is less than -18.34 of the total average daily trading volume of 1.18 million.
Gray Television Inc. (NYSE:GTN) 2020 Performance Impressive
The increase in GTN’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of GTN currently stands at $23.07, which is higher than the current trading price of the stock by 35.93%. However, GTN’s current trading price is -73.27% lower than the 52-week low price of $8.53. In terms of trading volume, Gray Television Inc. currently experienced healthy participation during the last trading session. 997091 shares of Gray Television Inc. were traded on the stock exchange on Tuesday, which is less than -18.34% of the 1.18 million average trading volume of the stock.
The performance of the stock has been positive over the past year. GTN’s performance over the past one year has seen it plunge by -12.60%, while the stock has gone down by -27.55% in the last six months. The quarterly performance of GTN currently stands at 33.51%, and it is up by 19.00% in the last month. The only negative figure was from the weekly performance, which currently reads -8.48%. At the time of writing GTN’s report, the company has a total market cap of $1.48B, making it one of the largest publicly-traded companies in the world.Gray Television Inc. also has over 6912 employees all over the world.
GTN Insider Activities
For Gray Television Inc., insiders hold 92.70% of all company shares. The insider transactions over the past six months are up by 21.40%. During that period, insiders bought 556,477 shares in 14 transactions. In that same period, insiders sold 117,524 of their shares in 14 transactions. After these transactions, insiders at Gray Television Inc. now hold 4.38M shares, which is over 95.53% of the total company stocks. Institutional investors currently hold a large chunk of the GTN shares, as they control 4.47% of the company’s total stock.
GTN Fundamental Analysis
For Gray Television Inc., the stock’s diluted earnings per share (EPS) stands at 1.98. In the coming year, analysts expect the EPS to be 1.72. The EPS growth will up over the next five years to 10.00% after surging by 9.10% in the previous five years. In terms of revenue, Gray Television Inc.’s quarterly sales (YOY) is shrinking at 0.00, which is lower than the average annual revenue of 9.10% over the past half a decade.
The Return on Investment (ROI) on Gray Television Inc.’s stock currently stands at 7.80%, and it has a net profit margin of 9.30%. The operating margin of the company is 26.30%, and its gross margin is 36.30%.
GTN Analysts Prediction
In March 30, 2020, several analysts reiterated their positions on the Gray Television Inc. stock and predicted its performance to their investors. The analysts at Barrington Research believe GTN is still a Outperform and set the price target between $30 and $20. Another analyst that has a Outperform rating for GTN is Barrington Research, which set a price target of between $23 and $26. The Benchmark Company reiterate their Buy position on the stock ($28 and $29)
Jefferies and Guggenheim also believe that Gray Television Inc.’s stock is outperforming at the moment. GTN received a positive rating from The Benchmark Company, which set a price target of $19-$20 for the stock.
At the moment, Gray Television Inc.’s Total Debt to Equity ratio stands at 0.00, and they have a long-term Debt to Equity ratio of 2.46.
GTN Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of GTN currently stands at 0.34%, while the SMA50 is 17.05%. The biggest one is the SMA200, which is currently reading -10.83% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 53.92, while its price to earnings ratio (P/E) is 7.48.