Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -2.75% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -5.76%. Over the past 30 days, the price of TGNA has fallen by 3.33%. And in the last five days, it has surged by 2.06%.
TEGNA Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $17.37 on 08/07/23 and the lowest value was $13.40 on 02/29/24.
52-week price history of TGNA Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. TEGNA Inc’s current trading price is -14.34% away from its 52-week high, while its distance from the 52-week low is 11.04%. The stock’s price range during this period has varied between$13.40 and $17.37. The TEGNA Inc’s shares, which operate in the Communication Services, saw a trading volume of around 1.94 million for the day, a figure considerably lower than their average daily volume of 2.27 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
TEGNA Inc (TGNA) has experienced a quarterly decline of 0.00% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.62B and boasts a workforce of 6200 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 15.07, with a change in price of +0.75. Similarly, TEGNA Inc recorded 2,261,100 in trading volume during the last 100 days, posting a change of +5.31%.
TGNA’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for TGNA stands at 1.17. Similarly, the long-term debt-to-equity ratio is also 1.16.
TGNA Stock Stochastic Average
As of today, TEGNA Inc’s raw stochastic average for the last 50 days stands at 56.90%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 70.80%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 76.06% and 78.97%, respectively.
