The Question Is Whether To Buy Or Not To Buy Gray Television, Inc. (NYSE: GTN)

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. The stock was recently discussed on Yahoo Finance as it revealed that Gray Television Partners with Revamped Arena Football League to Bring Local Spring Football to Viewers Free Over-The-Air Starting April 27.

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Stocks Info

Gray Television, Inc. is listed on the NYSE as a member of the Communication Services sector and is a part of the Broadcasting industry. The current market capitalization of Gray Television, Inc. is $614.30M. A total of 1.3 million shares were traded on the day, compared to an average of 1.18M shares.

In the most recent transaction, BOGER RICHARD LEE bought 399 shares of GTN for 8.97 per share on Jan 02 ’24. After the transaction, the Director now owns 60,130 company shares. In a previous transaction on Jan 02 ’24, BOGER RICHARD LEE bought 19 shares at 8.89 per share. GTN shares that Director owns now total 2,092.

Among the insiders who bought shares, BOGER RICHARD LEE acquired of 465 shares on Oct 02 ’23 at a per-share price of $6.84. This resulted in the Director holding 59,693 shares of GTN after the transaction. In another insider transaction, ELDER T L sold 500 shares at $9.29 per share on Aug 31 ’23. Company shares held by the Director Emeritus now total 24,260.

Dividend

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. GTN’s most recent ex-dividend date was 3/14/2024 when it declared a $0.08 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The GTN stock dividend was $0.08 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. In terms of 52-week highs and lows, GTN has a high of $10.69 and a low of $5.44.

As of this writing, GTN has an earnings estimate of -$0.06 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.7 per share and a lower estimate of -$0.3. The company reported an EPS of -$0.57 in the last quarter, which was -78.10% lower than expectations of -$0.32.

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. 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 $20.66, while its Total Shareholder’s Equity was $2.41B.

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, 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 3.80.

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