After Hours
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. After-hours trades for Gray Television Inc. (GTN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.75%, to $8.03. The Gray Television Inc. has recorded 17,873 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Gray Television Stations Raise More Than $225,000 for Hawaii Fire Relief.
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Stocks Info
GTN belongs to the Communication Services sector of the NYSE while operating in the Broadcasting industry. At the end of the last regular session, the stock closed at $7.97 and fluctuated between $8.03 as its day high and $7.45 as its day low. The current market capitalization of Gray Television Inc. is $752.13M. A total of 1.18 million shares were traded on the day, compared to an average of 920.60K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, GTN has seen 6 BUY and 2 SELL insider trades, representing the acquisition of 9,000 and the disposition of 427 shares. Over the last 12 months, there were 18 BUYs and 17 SELLs from insiders. Insiders purchased 1,649,770 shares during that period but sold 283,230.
In the most recent transaction, ELDER T L sold 500 shares of GTN for 9.29 per share on Aug 31. After the transaction, the Director Emeritus now owns 24,260 company shares. In a previous transaction on Aug 04, ELDER T L sold 3,793 shares at 10.36 per share. GTN shares that Director Emeritus owns now total 24,760.
Among the insiders who bought shares, Howell Robin Robinson acquired of 1,000 shares on Jun 30 at a per-share price of $9.40. This resulted in the Director holding 2,320,695 shares of GTN after the transaction. In another insider transaction, HOWELL HILTON H JR bought 1,000 shares at $9.40 per share on Jun 30. Company shares held by the Chairman, President & CEO now total 2,320,695.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Gray Television Inc. pays an annual dividend of $0.32, resulting in a dividend yield of 4.02%, and it has a price to earnings (P/E) ratio of 3.44. GTN’s most recent ex-dividend date was 9/14/2023 when it declared a $0.08 quarterly dividend that was paid in cash on 9/29/2023. Previously, the company paid the dividend on 6/30/2023 with an ex-dividend date of 6/14/2023. The GTN stock dividend was $0.08 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for GTN in the last 3 months, the mean price target is $13.25 with high estimates of $20.00 and low estimates of $5.00. In terms of 52-week highs and lows, GTN has a high of $19.04 and a low of $6.50.
As of this writing, GTN has an earnings estimate of -$0.35 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.64. The company reported an EPS of -$0.48 in the last quarter, which was -84.60% lower than expectations of -$0.26.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $22.15, while its Total Shareholder’s Equity was $2.41B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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.
