A share price of Gray Television, Inc [GTN] is currently trading at $4.69, down -2.09%. An important factor to consider is whether the stock is rising or falling in short-term value. The GTN shares have gain 9.58% over the last week, with a monthly amount drifted -20.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Gray Television, Inc [NYSE: GTN] stock has seen the most recent analyst activity on February 27, 2024, when Barrington Research downgraded its rating to a Mkt Perform. Previously, Wells Fargo downgraded its rating to Underweight on November 09, 2022, and dropped its price target to $7. Loop Capital started tracking the stock assigning a Buy rating and suggested a price target of $21 on October 15, 2020. Barrington Research reiterated its recommendation of a Outperform and reduced its price target to $20 on March 30, 2020. Wells Fargo started tracking with a Outperform rating for this stock on September 24, 2019, and assigned it a price target of $21. In a note dated March 04, 2019, Barrington Research reiterated an Outperform rating on this stock and boosted its target price from $23 to $26.
Gray Television, Inc experienced fluctuations in its stock price throughout the past year between $3.95 and $10.07. Currently, Wall Street analysts expect the stock to reach $7 within the next 12 months. Gray Television, Inc [NYSE: GTN] shares were valued at $4.69 at the most recent close of the market. An investor can expect a potential return of 49.25% based on the average GTN price forecast.
Analyzing the GTN fundamentals
Trailing Twelve Months sales for Gray Television, Inc [NYSE:GTN] were 3.46B which represents 18.31% growth. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.8.
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 4.61 points at the first support level, and at 4.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.86, and for the 2nd resistance point, it is at 5.02.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Gray Television, Inc [NYSE:GTN] is 1.13. On the other hand, the Quick Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 0.22 and price to earnings (TTM) ratio is 3.12.
Transactions by insiders
Recent insider trading involved HOWELL HILTON H JR, Chairman, President & CEO, that happened on Mar 28 ’24 when 10000.0 shares were purchased. Director, Howell Robin Robinson completed a deal on Mar 28 ’24 to buy 10000.0 shares. Meanwhile, Director BOGER RICHARD LEE bought 399.0 shares on Jan 02 ’24.
