Gray Television Inc. (NYSE:GTN) shares fell to a low of $23.04 before closing at $23.26. Intraday shares traded counted 0.6 million, which was 12.15% higher than its 30-day average trading volume of 685.12K. GTN’s previous close was $23.56 while the outstanding shares total 94.00M. The firm has a beta of 2.05, a 12-month trailing P/E ratio of 6.53, and a growth ratio of 0.18. The stock’s Relative Strength Index (RSI) is 68.42, with weekly volatility at 2.57% and ATR at 0.67. The GTN stock’s 52-week price range has touched low of $11.95 and a $23.94 high. The stock traded lower over the last trading session, losing -1.27% on 05/28/21.
Investors have identified the Broadcasting company Gray Television Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $2.24 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Gray Television Inc. (GTN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.3 billion total, with 249.0 million as their total liabilities.
GTN were able to record 134.0 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 46.0 million. In cash movements, the company had a total of 147.0 million as operating cash flow.
Potential earnings growth for Gray Television Inc. (GTN)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Gray Television Inc. recorded a total of 544.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 1.84% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -45.59%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 378.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 166.0 million. This allows shareholders to hold on to 94.00M with the recently reported earning now reading 0.41 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.27 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.85 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on GTN sounds very interesting.
Is the stock of GTN attractive?
In related news, Chairman, President & CEO, HOWELL HILTON H JR sold 49,700 shares of the company’s stock in a transaction that recorded on May 14. The sale was performed at an average price of 21.09, for a total value of 1,048,173. As the sale deal closes, the EVP Chief L & D Officer, Latek Kevin Paul now sold 27,670 shares of the company’s stock, valued at 553,953. Also, EVP Chief L & D Officer, Latek Kevin Paul sold 11,897 shares of the company’s stock in a deal that was recorded on Mar 08. The shares were price at an average price of 20.00 per share, with a total market value of 237,940. Following this completion of acquisition, the EVP Chief L & D Officer, Latek Kevin Paul now holds 7,850 shares of the company’s stock, valued at 157,078. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.50%.
7 out of 7 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Gray Television Inc.. 0 analysts has assigned a Sell rating on the GTN stock. The 12-month mean consensus price target for the company’s shares has been set at $28.86.