Analyst Expects Gray Television, Inc. (NYSE: GTN) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NYSE listed company, GTN falls under the Communication Services sector while operating within the Broadcasting industry segment. At the end of the last regular session, the stock closed at $6.00 and fluctuated between $5.66 as its day high and $5.55 as its day low. The current market capitalization of Gray Television, Inc. is $583.20M. A total of 0.87 million shares were traded on the day, compared to an average of 1.29M shares.

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

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, GTN has a high of $10.69 and a low of $5.44.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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

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. 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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