Gannett Co Inc. (NYSE:GCI) price closed higher on Tuesday, April 16, jumping 5.60% above its previous close.
A look at the daily price movement shows that the last close reads $2.32. The company’s 5Y monthly beta was ticking 2.36. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.60 and 52-week low of $1.62. The stock added 21.89% on its value in the past month.
Gannett Co Inc., which has a market valuation of $364.58 million, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give GCI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that GCI’s price is at present 6.41% off the SMA20 and 10.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 60.13, with weekly volatility standing at 6.49%. The indicator jumps to 5.65% when calculated based on the past 30 days. Gannett Co Inc. (NYSE:GCI)’s beta value is holding at 2.34, while the average true range (ATR) indicator is currently reading 0.13.
An analysis of the Gannett Co Inc. (NYSE:GCI) stock in terms of its daily trading volume indicates that the 3-month average is 661.89K.
Current records show that the company has 148.94M in outstanding shares. The insiders’ percentage holdings are 17.02% of outstanding shares while the percentage share held by institutions stands at 61.34%. But the 6.52% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
