Gannett Co Inc (NYSE:GCI) price on Wednesday, April 30, fall -6.16% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.20.
A look at the stock’s price movement, the close in the last trading session was $3.41, moving within a range at $3.195 and $3.35. The beta value (5-Year monthly) was 2.209. Turning to its 52-week performance, $5.93 and $2.35 were the 52-week high and 52-week low respectively. Overall, GCI moved 10.73% over the past month.
Gannett Co Inc’s market cap currently stands at around $468.60 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 593.1M for the company’s revenue for the quarter, with a low and high estimate of 580.5M and 607.3M respectively. The average forecast suggests down to a -6.71% 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 2.42B, representing a -3.74% 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 GCI is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 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 1 analyst(s) rate the stock as a Hold, 1 recommend GCI 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.
GCI’s current price about 2.65% and -4.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.20, while 7-day volatility ratio is 3.58% and 7.75% in the 30-day chart. Further, Gannett Co Inc (GCI) has a beta value of 2.65, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $5.55, forecast between a low of $5.1 and high of $6. Looking at the price targets, the low is -59.37% off current price level while to achieve the yearly target high, price needs to move -87.5%. Nonetheless, investors will most likely welcome a -73.44% jump to $5.55 which is the analysts’ median price.
If we refocus on Gannett Co Inc (NYSE:GCI), historical trading data shows that trading volumes averaged 2.23 over the past 10 days and 1.62 million over the past 3 months. The company’s latest data on shares outstanding shows there are 147.39 million shares.
The 18.20% of Gannett Co Inc’s shares are in the hands of company insiders while institutional holders own 74.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.83 million on 2025-04-15, giving us a short ratio of 6.76. The data shows that as of 2025-04-15 short interest in Gannett Co Inc (GCI) stood at 843.0000399999999 of shares outstanding, with shares short rising to 11.75 million registered in 2025-03-14. Current price change has pushed the stock -36.76% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GCI stock continues to rise going into the next quarter.
