Gray Media Inc (NYSE:GTN) shares, rose in value on Thursday, March 27, with the stock price down by -5.97% to the previous day’s close as strong demand from buyers drove the stock to $4.41.
Actively observing the price movement in the last trading, the stock closed the session at $4.69, falling within a range of $4.4 and $4.7. The value of beta (5-year monthly) was 1.457 whereas the PE ratio was 1.32 over 12-month period. Referring to stock’s 52-week performance, its high was $7.41, and the low was $2.91. On the whole, GTN has fluctuated by 13.95% over the past month.
With the market capitalization of Gray Media Inc currently standing at about $482.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26. The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 7.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.21B, with a low estimate of 770M and a high estimate of 777.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 772.71M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GTN’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of GTN currently trading nearly 2.82% and 10.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.90, while the 7-day volatility ratio is showing 5.68% which for the 30-day chart, stands at 6.90%. Furthermore, Gray Media Inc (GTN)’s beta value is 1.10, and its average true range (ATR) is 0.27.
A comparison of Gray Media Inc (GTN) with its peers suggests the former has fared considerably weaker in the market. GTN showed an intraday change of -5.97% in last session, and over the past year, it shrunk by -27.11%%.
Data on historical trading for Gray Media Inc (NYSE:GTN) indicates that the trading volumes over the past 10 days have averaged 2.16 and over the past 3 months, they’ve averaged 1.57 million. According to company’s latest data on outstanding shares, there are 90.77 million shares outstanding.
Nearly 16.57% of Gray Media Inc’s shares belong to company insiders and institutional investors own 65.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.12 million shares as on 2025-03-14, resulting in a short ratio of 2.26. According to the data, the short interest in Gray Media Inc (GTN) stood at 469.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 4.57 million. The stock has risen by 40.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GTN stock heading into the next quarter.
