The trading price of Gannett Co Inc. (NYSE:GCI) closed higher on Friday, April 19, closing at $2.60, 4.00% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.60 and a 52-week low of $1.62. Over the past month, the stock has gained 19.27% in value.
Gannett Co Inc., whose market valuation is $386.91 million at the time of this writing, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Gannett Co Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GCI has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that GCI’s price is currently 10.22% off the SMA20 and 17.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.59, and weekly volatility stands at 7.23%. When measured over the past 30 days, the indicator reaches 5.84%. Gannett Co Inc. (NYSE:GCI)’s beta value is currently sitting at 2.30, while the Average True Range indicator is currently displaying 0.13.
To see how Gannett Co Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: GCI stock’s performance was 4.00% in the latest trading, and 41.30% in the past year.
An evaluation of the daily trading volume of Gannett Co Inc. (NYSE:GCI) indicates that the 3-month average is 702.09K.
Currently, records show that 148.94 million of the company’s shares remain outstanding. The insiders hold 17.02% of outstanding shares, whereas institutions hold 61.34%. However, since the stock’s price has seen 13.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
