TEGNA Inc [TGNA] stock prices are up 2.03% to $13.54 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TGNA shares have lost -2.17% over the last week, with a monthly amount drifted -5.25%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, Wells Fargo downgraded its rating to Equal Weight on May 05, 2022, and kept the price target unchanged to $24. On April 13, 2022, downgrade downgraded it’s rating to Hold. Barrington Research downgraded its rating to a Mkt Perform. Wells Fargo upgraded its rating to a Overweight. The Benchmark Company reiterated a Buy rating for this stock on February 12, 2020, and upped its price target to $22.
The stock price of TEGNA Inc [TGNA] has been fluctuating between $13.18 and $17.37 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. TEGNA Inc [NYSE: TGNA] shares were valued at $13.54 at the most recent close of the market. An investor can expect a potential return of 77.25% based on the average TGNA price forecast.
Analyzing the TGNA fundamentals
The TEGNA Inc [NYSE:TGNA] reported sales of 2.91B for trailing twelve months, representing a drop of -20.86%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.
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 13.36 points at the first support level, and at 13.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.64, and for the 2nd resistance point, it is at 13.73.
Ratios To Look Out For
It’s worth pointing out that TEGNA Inc [NYSE:TGNA]’s Current Ratio is 2.48. As well, the Quick Ratio is 2.48, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 0.90 and price to earnings (TTM) ratio is 5.98.
Transactions by insiders
Recent insider trading involved Lougee David T, President and CEO, that happened on Apr 01 ’24 when 43750.0 shares were sold. SVP and Chief Legal Officer, Fisher Newberg Lauren completed a deal on Mar 15 ’24 to sell 8477.0 shares. Meanwhile, President and CEO Lougee David T sold 0.15 million shares on Feb 05 ’24.
