Gannett Co. Inc. (NYSE:GCI) shares fell to a low of $5.335 before closing at $5.42. Intraday shares traded counted 2.65 million, which was -50.41% lower than its 30-day average trading volume of 1.76M. GCI’s previous close was $5.61 while the outstanding shares total 134.07M. The firm has a beta of 2.82. The stock’s Relative Strength Index (RSI) is 54.66, with weekly volatility at 4.81% and ATR at 0.28. The GCI stock’s 52-week price range has touched low of $1.03 and a $6.33 high. The stock traded lower over the last trading session, losing -3.39% on 06/18/21.
Investors have identified the Publishing company Gannett Co. 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 $799.50 million, 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.
Gannett Co. Inc. (GCI) 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. For GCI, the company has in raw cash 163.5 million on their books with 81.06 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 589.98 million total, with 697.52 million as their total liabilities.
GCI were able to record 53.71 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by -10.55 million. In cash movements, the company had a total of 61.32 million as operating cash flow.
Potential earnings growth for Gannett Co. Inc. (GCI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Gannett Co. Inc. recorded a total of 777.08 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -22.08% coming in sequential stages and their sales for the 07/29/2021 quarter reducing by -12.66%.
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 477.8 million trying to sell their products during the last quarter, with the result yielding a gross income of 299.29 million. This allows shareholders to hold on to 134.07M with the recently reported earning now reading -1.06 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (-0.14 cents a share).
Having a look at the company’s valuation, the company is expected to record -2.17 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 GCI sounds very interesting.
Is the stock of GCI attractive?
In related news, Director, JANULIS THEODORE PETER bought 20,000 shares of the company’s stock in a transaction that recorded on May 11. The purchase was performed at an average price of 4.46, for a total value of 89,200. As the purchase deal closes, the Director, Tarica Laurence now bought 74,559 shares of the company’s stock, valued at 122,277. Also, Director, Tarica Laurence bought 441 shares of the company’s stock in a deal that was recorded on Aug 25. The shares were cost at an average price of 1.62 per share, with a total market value of 714. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.
0 out of 3 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Gannett Co. Inc.. 3 analysts has assigned a Sell rating on the GCI stock. The 12-month mean consensus price target for the company’s shares has been set at $4.40.