Gray Media Inc (NYSE:GTN) price on current trading day, rose 3.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.12.
A look at the stock’s price movement, the close in the last trading session was $4.93, moving within a range at $4.875 and $5.16. The beta value (5-Year monthly) was 1.457 while the PE ratio in trailing twelve months stood at 1.54. Turning to its 52-week performance, $7.41 and $2.91 were the 52-week high and 52-week low respectively. Overall, GTN moved 29.95% over the past month.
Gray Media Inc’s market cap currently stands at around $539.60 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26. The company has a Forward Dividend ratio of 0.32, with its dividend yield at 6.25%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 772.71M for the company’s revenue for the quarter, with a low and high estimate of 770M and 777.8M respectively. The average forecast suggests down to a -6.11% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.21B, representing a -11.85% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GTN is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend GTN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GTN’s current price about 27.13% and 33.58% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.58, while 7-day volatility ratio is 7.23% and 7.08% in the 30-day chart. Further, Gray Media Inc (GTN) has a beta value of 1.02, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $7 and high of $7. Looking at the price targets, the low is -36.72% off current price level while to achieve the yearly target high, price needs to move -36.72%. Nonetheless, investors will most likely welcome a -36.72% jump to $7 which is the analysts’ median price.
If we refocus on Gray Media Inc (NYSE:GTN), historical trading data shows that trading volumes averaged 1.88 over the past 10 days and 1.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 90.77 million shares.
The 16.57% of Gray Media Inc’s shares are in the hands of company insiders while institutional holders own 65.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.69 million on 2025-02-28, giving us a short ratio of 2.43. The data shows that as of 2025-02-28 short interest in Gray Media Inc (GTN) stood at 420.0 of shares outstanding, with shares short falling to 4.46 million registered in 2025-01-31. Current price change has pushed the stock 62.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GTN stock continues to rise going into the next quarter.
