Gannett Co Inc (NYSE:GCI) shares, rose in value on Wednesday, March 26, with the stock price down by -0.64% to the previous day’s close as strong demand from buyers drove the stock to $3.09.
Actively observing the price movement in the last trading, the stock closed the session at $3.11, falling within a range of $3.005 and $3.15. The value of beta (5-year monthly) was 2.474. Referring to stock’s 52-week performance, its high was $5.93, and the low was $2.22. On the whole, GCI has fluctuated by -23.51% over the past month.
With the market capitalization of Gannett Co Inc currently standing at about $455.37 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.41B, with a low estimate of 580.5M and a high estimate of 604.92M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 592.97M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GCI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of GCI currently trading nearly -7.47% and -25.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.08, while the 7-day volatility ratio is showing 3.61% which for the 30-day chart, stands at 5.42%. Furthermore, Gannett Co Inc (GCI)’s beta value is 2.18, and its average true range (ATR) is 0.19.
A comparison of Gannett Co Inc (GCI) with its peers suggests the former has fared considerably weaker in the market. GCI showed an intraday change of -0.64% in last session, and over the past year, it grew by 39.19%%.
Data on historical trading for Gannett Co Inc (NYSE:GCI) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 147.39 million shares outstanding.
Nearly 18.27% of Gannett Co Inc’s shares belong to company insiders and institutional investors own 72.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.75 million shares as on 2025-03-14, resulting in a short ratio of 7.35. According to the data, the short interest in Gannett Co Inc (GCI) stood at 837.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 12.72 million. The stock has fallen by -38.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GCI stock heading into the next quarter.
