At the time of writing, Gannett Co Inc. [GCI] stock is trading at $5.79, up 3.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The GCI shares have gain 10.92% over the last week, with a monthly amount glided 2.66%, 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 September 17, 2024, when Citigroup upgraded its rating to a Neutral but kept the price target unchanged to $5.10 for it. Previously, Citigroup downgraded its rating to Sell on August 28, 2024. On July 01, 2024, JMP Securities initiated with a Mkt Outperform rating and assigned a price target of $6 on the stock. Citigroup upgraded its rating to a Neutral and increased its price target to $3.60 on May 24, 2024. Compass Point initiated its recommendation with a Buy and recommended $5 as its price target on December 12, 2023. In a note dated April 06, 2020, Citigroup downgraded an Sell rating on this stock.
For the past year, the stock price of Gannett Co Inc. fluctuated between $1.66 and $5.93. 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 $5.79 at the most recent close of the market. An investor can expect a potential drop of -4.15% based on the average GCI price forecast.
Analyzing the GCI fundamentals
According to Gannett Co Inc. [NYSE:GCI], the company’s sales were 2.60B for trailing twelve months, which represents an -4.84% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.23.
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 5.66 points at the first support level, and at 5.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.89, and for the 2nd resistance point, it is at 5.98.
Ratios To Look Out For
It is important to note that Gannett Co Inc. [NYSE:GCI] has a current ratio of 0.79. On the other hand, the Quick Ratio is 0.75, and the Cash Ratio is 0.19. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 3.42.
Transactions by insiders
Recent insider trading involved Tarica Laurence, Director, that happened on Sep 13 ’24 when 50000.0 shares were purchased. Director, Tarica Laurence completed a deal on Nov 16 ’23 to buy 0.2 million shares. Meanwhile, Chief Executive Officer Reed Michael bought 60000.0 shares on Nov 06 ’23.
