Getty Images Holdings Inc (NYSE:GETY) price on Thursday, November 14, fall -1.55% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.18.
A look at the stock’s price movement, the close in the last trading session was $3.23, moving within a range at $3.12 and $3.56. The beta value (5-Year monthly) was 2.037 while the PE ratio in trailing twelve months stood at 24.33. Turning to its 52-week performance, $5.77 and $2.88 were the 52-week high and 52-week low respectively. Overall, GETY moved -20.70% over the past month.
Getty Images Holdings Inc’s market cap currently stands at around $1.31 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 244.87M for the company’s revenue for the quarter, with a low and high estimate of 242.27M and 247M respectively. The average forecast suggests up to a 8.38% 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 937.12M, representing a 2.24% jump 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 GETY is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
6 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 2 analyst(s) rate the stock as a Hold, 4 recommend GETY 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.
GETY’s current price about -18.04% and -15.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.58, while 7-day volatility ratio is 10.53% and 5.19% in the 30-day chart. Further, Getty Images Holdings Inc (GETY) has a beta value of 1.93, and an average true range (ATR) of 0.22. Analysts have given the company’s stock an average 52-week price target of $7, forecast between a low of $5 and high of $7.7. Looking at the price targets, the low is -57.23% off current price level while to achieve the yearly target high, price needs to move -142.14%. Nonetheless, investors will most likely welcome a -120.13% jump to $7 which is the analysts’ median price.
If we refocus on Getty Images Holdings Inc (NYSE:GETY), historical trading data shows that trading volumes averaged 0.44 over the past 10 days and 293.43K over the past 3 months. The company’s latest data on shares outstanding shows there are 405.00 million shares.
The 53.34% of Getty Images Holdings Inc’s shares are in the hands of company insiders while institutional holders own 44.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.3 million on 2024-10-31, giving us a short ratio of 27.78. The data shows that as of 2024-10-31 short interest in Getty Images Holdings Inc (GETY) stood at 1634.0 of shares outstanding, with shares short falling to 6.52 million registered in 2024-09-30. Current price change has pushed the stock -39.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GETY stock continues to rise going into the next quarter.
