logo

GTN’s Stock Journey: What Investors Need to Know About Gray Television, Inc.’s Performance

ZM Stock

Gray Television, Inc.’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $10.69 on 08/04/23, and the lowest price during that time was $5.44, recorded on 02/28/24.

52-week price history of GTN Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Gray Television, Inc.’s current trading price is -37.89% away from its 52-week high, while its distance from the 52-week low is 22.06%. The stock’s price range for this period has remained between $5.44 and $10.69. The Communication Services sector company’s shares managed to surpass a trading volume of around 1.16 million for the day, which was noticeably lower compared to the shares’ average daily volume of 1.26 million over the last three months.

Financial Performance and Market Capitalization

Gray Television, Inc. (GTN) has experienced a quarterly decline of -18.02% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 658.29M and boasts a workforce of 9374 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.22, with a change in price of -1.89. Similarly, Gray Television, Inc. recorded 1,091,096 in trading volume during the last 100 days, posting a change of -22.16%.

GTN Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for GTN stands at 2.31. Similarly, the long-term debt-to-equity ratio is also 2.30.

GTN Stock Stochastic Average

As of today, the raw stochastic average of Gray Television, Inc. over the last 50 days is at 59.26%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 57.69%. Further, the company’s Stochastic %K and %D values for the last 20 days were 70.32% and 74.04%, respectively.

GTN Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. The metric has seen a significant loss of -25.89% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -6.21%. Over the past 30 days, the price of GTN has fallen by 20.07%. And in the last five days, it has fallen by -1.48%.

Most Popular