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Wednesday, February 1, 2023

It’s Not Over Yet For Gannett Co. Inc. (NYSE: GCI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Gannett Co. Inc. (GCI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -1.00%, to $1.98. The Gannett Co. Inc. has recorded 1,276 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Reviewed Launches AccessABILITY Awards Honoring the Best in Accessible Design.

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Stocks Info

Gannett Co. Inc. is listed on the NYSE as a member of the Communication Services sector and is a part of the Publishing industry. At the end of the last regular session, the stock closed at $2.00 and fluctuated between $2.1800 as its day high and $1.9900 as its day low. The current market capitalization of Gannett Co. Inc. is $294.64M. A total of 0.77 million shares were traded on the day, compared to an average of 1.27M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GCI has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 100,000 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 4 SELLs from insiders. Insiders purchased 1,559,181 shares during that period but sold 81,801.

In the most recent transaction, Tarica Laurence bought 100,000 shares of GCI for 2.25 per share on Dec 14. After the transaction, the Director now owns 753,244 company shares. In a previous transaction on Aug 08, Reed Michael bought 500,000 shares at 2.44 per share. GCI shares that Chief Executive Officer owns now total 1,836,335.

Among the insiders who sold shares, Louis John Jeffry disposed of 7,604 shares on May 25 at a per-share price of $3.64. This resulted in the Director holding 0 shares of GCI after the transaction. In another insider transaction, Tarica Laurence bought 70,000 shares at $4.20 per share on Mar 14. Company shares held by the Director now total 620,263.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. GCI’s most recent ex-dividend date was 10/31/2019 when it declared a $0.16 quarterly dividend that was paid in cash on 11/12/2019. Previously, the company paid the dividend on 9/30/2019 with an ex-dividend date of 9/13/2019. The GCI stock dividend was $0.16 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GCI in the last 3 months, the mean price target is $2.05 with high estimates of $2.10 and low estimates of $2.00. In terms of 52-week highs and lows, GCI has a high of $6.38 and a low of $1.25.

As of this writing, GCI has an earnings estimate of -$0.14 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.06 in the last quarter, which was 14.30% higher than expectations of -$0.07.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 2 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 GCI is Buy with a score of 1.00. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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