Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Gray Media Inc’s current trading price is -62.81% away from its 52-week high, while its distance from the 52-week low is 27.15%. The stock’s price range during this period has varied between $2.91 and $9.95. The company, active in the Communication Services sector, saw a trading volume of around 1.41 million for the day, considerably lower average daily volume of 1.47 million observed over the last three months.
Gray Media Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $9.95 on 01/31/24, and the lowest price during the same period was recorded at $2.91 on 12/24/24.
How Financial Performance Impacts Market Capitalization
Gray Media Inc (GTN) has experienced a quarterly decline of -34.40% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 405.04M and boasts a workforce of 9374 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.49, with a change in price of -0.93. Similarly, Gray Media Inc recorded 1,281,183 in trading volume during the last 100 days, posting a change of -20.09%.
How GTN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for GTN stands at 2.15. Similarly, the long-term debt-to-equity ratio is also 2.13.
GTN Stock Stochastic Average
As of today, the raw stochastic average of Gray Media Inc over the past 50 days is 38.92%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 83.04%. Additionally, the Stochastic %K and %D values for the company were 72.25% and 76.52%, respectively, over the past 20 days.
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. Year to date metric has recorded a gain of 17.46%.However, over the last six months, we can see a stronger performance of -42.64%. Over the last 30 days, the price of GTN has fallen by 22.92%. And in the last five days, it has surged by 4.52%.
