Gray Television, Inc. (NYSE: GTN) Could Achieve Gains In The Near Future

After Hours

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Stocks Info

Gray Television, Inc. is listed on the NYSE in the Communication Services sector while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $4.67 and fluctuated between $4.6800 as its day high and $4.3700 as its day low. The current market capitalization of Gray Television, Inc. is $462.98M. A total of 1.5 million shares were traded on the day, compared to an average of 1.58M shares.

In the most recent transaction, HOWELL HILTON H JR bought 10,000 shares of GTN for 8.09 per share on Mar 28 ’24. After the transaction, the Chairman, President & CEO now owns 2,982,386 company shares. In a previous transaction on Mar 28 ’24, Howell Robin Robinson bought 10,000 shares at 8.09 per share. GTN shares that Director owns now total 2,982,386.

Among the insiders who bought shares, BOGER RICHARD LEE acquired of 399 shares on Jan 02 ’24 at a per-share price of $8.97. This resulted in the Director holding 60,130 shares of GTN after the transaction. In another insider transaction, BOGER RICHARD LEE bought 19 shares at $8.89 per share on Jan 02 ’24. Company shares held by the Director now total 2,092.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Gray Television, Inc. pays an annual dividend of $0.32, resulting in a dividend yield of 6.85%, and it has a price to earnings (P/E) ratio of 60.81. GTN’s most recent ex-dividend date was 9/13/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 9/30/2024. Previously, the company paid the dividend on 6/28/2024 with an ex-dividend date of 6/14/2024. The GTN stock dividend was $0.08 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, GTN has a high of $10.07 and a low of $4.15.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GTN’s latest balance sheet shows that the firm has $189.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.83B in debt and $384.00M in liabilities at the time. Its Book Value Per Share was $20.62, while its Total Shareholder’s Equity was $2.41B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GTN is Buy with a score of 4.00.

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