An Evaluation Of New Media Investment Group Inc (NYSE: GCI) Prospects

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. Earlier, Yahoo Finance discussed this stock as it revealed Gannett to Present at the 26th Annual Needham Growth Conference.

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Stocks Info

GCI belongs to the Communication Services sector of the NYSE while operating in the Publishing industry. At the end of the last regular session, the stock closed at $2.38 and fluctuated between $2.3900 as its day high and $2.2818 as its day low. The current market capitalization of New Media Investment Group Inc is $354.33M. A total of 0.6 million shares were traded on the day, compared to an average of 924.01K 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, GCI has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 260,000 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 6 SELLs from insiders. Insiders purchased 1,953,002 shares during that period but sold 142,450.

In the most recent transaction, Tarica Laurence bought 200,000 shares of GCI for 1.85 per share on Nov 16. After the transaction, the Director now owns 1,008,799 company shares. In a previous transaction on Nov 06, Reed Michael bought 60,000 shares at 2.01 per share. GCI shares that Chief Executive Officer owns now total 3,304,323.

Among the insiders who bought shares, Reed Michael acquired of 80,000 shares on Aug 14 at a per-share price of $3.29. This resulted in the Chief Executive Officer holding 3,244,323 shares of GCI after the transaction.

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. In terms of 52-week highs and lows, GCI has a high of $3.60 and a low of $1.62.

As of this writing, GCI has an earnings estimate of $0.08 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.03. The company reported an EPS of -$0.09 in the last quarter, which was -80.00% lower than expectations of -$0.05.

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. GCI’s latest balance sheet shows that the firm has $130.76M in Cash & Short Term Investments as of fiscal 2021. There were $1.49B in debt and $662.53M in liabilities at the time. Its Book Value Per Share was $2.19, while its Total Shareholder’s Equity was $529.62M.

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 GCI is Buy with a score of 3.00.

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