At the time of writing, Gannett Co Inc. [GCI] stock is trading at $2.38, down -1.24%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The GCI shares have gain 1.71% over the last week, with a monthly amount glided 16.67%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gannett Co Inc. [NYSE: GCI] stock has seen the most recent analyst activity on December 12, 2023, when Compass Point initiated its Buy rating and assigned the stock a price target of $5. On April 06, 2020, downgrade downgraded it’s rating to Sell. JP Morgan downgraded its rating to a Underweight. Argus downgraded its rating to a Hold. Noble Financial reiterated a Buy rating for this stock on November 02, 2016, and downed its price target to $16. In a note dated November 05, 2015, Argus upgraded an Buy rating on this stock but restated the target price of $20.
For the past year, the stock price of Gannett Co Inc. fluctuated between $1.62 and $3.60. Currently, Wall Street analysts expect the stock to reach $2.65 within the next 12 months. Gannett Co Inc. [NYSE: GCI] shares were valued at $2.38 at the most recent close of the market. An investor can expect a potential return of 11.34% based on the average GCI price forecast.
Analyzing the GCI fundamentals
According to Gannett Co Inc. [NYSE:GCI], the company’s sales were 2.66B for trailing twelve months, which represents an -8.38% plunge. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.0%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.32 points at the first support level, and at 2.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.44, and for the 2nd resistance point, it is at 2.51.
Ratios To Look Out For
It is important to note that Gannett Co Inc. [NYSE:GCI] has a current ratio of 0.83. Further, the Quick Ratio stands at 0.78, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.13, the price to book ratio is 1.12.
Transactions by insiders
Recent insider trading involved Tarica Laurence, Director, that happened on Nov 16 ’23 when 0.2 million shares were purchased. Chief Executive Officer, Reed Michael completed a deal on Nov 06 ’23 to buy 60000.0 shares. Meanwhile, Chief Executive Officer Reed Michael bought 80000.0 shares on Aug 14 ’23.
