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Gray Television, Inc is a broadcasting business based in the US. Gray Television shares (GTN) are listed on the NYSE and all prices are listed in US Dollars. Gray Television employs 7,017 staff and has a trailing 12-month revenue of around USD$2.4 billion.
|52-week range||USD$9.4031 - USD$21.22|
|50-day moving average||USD$19.2403|
|200-day moving average||USD$17.0172|
|Wall St. target price||USD$24.88|
|Dividend yield||USD$0.32 (1.68%)|
|Earnings per share (TTM)||USD$3.69|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
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This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Valuing Gray Television stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Gray Television's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Gray Television's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 5x. In other words, Gray Television shares trade at around 5x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Gray Television's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.0104. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Gray Television's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Gray Television's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$926 million.
The EBITDA is a measure of a Gray Television's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.4 billion|
|Operating margin TTM||30.45%|
|Gross profit TTM||USD$991 million|
|Return on assets TTM||6.2%|
|Return on equity TTM||18.15%|
|Market capitalisation||USD$1.8 billion|
TTM: trailing 12 months
There are currently 1.6 million Gray Television shares held short by investors – that's known as Gray Television's "short interest". This figure is 24% down from 2.1 million last month.
There are a few different ways that this level of interest in shorting Gray Television shares can be evaluated.
Gray Television's "short interest ratio" (SIR) is the quantity of Gray Television shares currently shorted divided by the average quantity of Gray Television shares traded daily (recently around 586126.44927536). Gray Television's SIR currently stands at 2.76. In other words for every 100,000 Gray Television shares traded daily on the market, roughly 2760 shares are currently held short.
However Gray Television's short interest can also be evaluated against the total number of Gray Television shares, or, against the total number of tradable Gray Television shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Gray Television's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Gray Television shares in existence, roughly 20 shares are currently held short) or 0.0192% of the tradable shares (for every 100,000 tradable Gray Television shares, roughly 19 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Gray Television.
Find out more about how you can short Gray Television stock.
Dividend payout ratio: 2.14% of net profits
Recently Gray Television has paid out, on average, around 2.14% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.68% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Gray Television shareholders could enjoy a 1.68% return on their shares, in the form of dividend payments. In Gray Television's case, that would currently equate to about $0.32 per share.
While Gray Television's payout ratio might seem low, this can signify that Gray Television is investing more in its future growth.
Gray Television's most recent dividend payout was on 30 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 March 2021 (the "ex-dividend date").
Gray Television's shares were split on a 3:2 basis on 30 September 1998. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Gray Television shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Gray Television shares which in turn could have impacted Gray Television's share price.
Over the last 12 months, Gray Television's shares have ranged in value from as little as $9.4031 up to $21.22. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Gray Television's is 2.0447. This would suggest that Gray Television's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. The company also broadcasts secondary digital channels affiliated to ABC, CBS, and FOX, as well as channels affiliated with various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, Circle, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, it is also involved in the video program production, marketing, and digital businesses, including Raycom Sports, Tupelo-Raycom, and RTM Studios; and production of Power Nation programs and content. It owns and operates television stations and digital properties in 94 television markets. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc. in August 2002. Gray Television, Inc. was founded in 1897 and is headquartered in Atlanta, Georgia.
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