Gannett Co Inc. [GCI] stock is trading at $5.29, down -0.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GCI shares have gain 8.18% over the last week, with a monthly amount glided 17.04%, 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 August 28, 2024, when Citigroup downgraded its rating to a Sell. Previously, JMP Securities started tracking the stock with Mkt Outperform rating on July 01, 2024, and set its price target to $6. On May 24, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $3.60 on the stock. Compass Point started tracking the stock assigning a Buy rating and suggested a price target of $5 on December 12, 2023. Citigroup downgraded its rating to Sell for this stock on April 06, 2020. In a note dated July 06, 2018, JP Morgan downgraded an Underweight rating on this stock.
Gannett Co Inc. [GCI] stock has fluctuated between $1.66 and $5.91 over the past year. Currently, Wall Street analysts expect the stock to reach $5.55 within the next 12 months. Gannett Co Inc. [NYSE: GCI] shares were valued at $5.29 at the most recent close of the market. An investor can expect a potential return of 4.91% based on the average GCI price forecast.
Analyzing the GCI fundamentals
Gannett Co Inc. [NYSE:GCI] reported sales of 2.60B for the trailing twelve months, which represents a drop of -4.84%. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.34 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 4.23.
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 5.23 points at the first support level, and at 5.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.36, and for the 2nd resistance point, it is at 5.42.
Ratios To Look Out For
For context, Gannett Co Inc.’s Current Ratio is 0.79. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.30, the price to book ratio is 3.13.
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.
