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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 8,608 staff and has a trailing 12-month revenue of around $3 billion.
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| Latest market close | $16.12 |
|---|---|
| 52-week range | $16.06 - $24.84 |
| 50-day moving average | $18.85 |
| 200-day moving average | $20.16 |
| Wall St. target price | $29.17 |
| PE ratio | 14.3178 |
| Dividend yield | $0.32 (1.73%) |
| Earnings per share (TTM) | $1.29 |
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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.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
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.
Historical closes compared with the close of $16.12 from 2022-09-23
| 1 week (2022-09-19) | -12.77% |
|---|---|
| 1 month (2022-08-22) | N/A |
| 3 months (2022-06-22) | N/A |
| 6 months (2022-03-22) | N/A |
| 1 year (2021-09-24) | -31.52% |
|---|---|
| 2 years (2020-09-25) | 16.22% |
| 3 years (2019-09-26) | 1.45% |
| 5 years (2017-09-25) | 11.94% |
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 14x. In other words, Gray Television shares trade at around 14x 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 1.3681. 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 $954 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 | $3 billion |
|---|---|
| Operating margin TTM | 22.17% |
| Gross profit TTM | $806 million |
| Return on assets TTM | 4.45% |
| Return on equity TTM | 7.01% |
| Profit margin | 5.73% |
| Book value | $20.14 |
| Market capitalisation | $1.7 billion |
TTM: trailing 12 months
Dividend payout ratio: 25% of net profits
Recently Gray Television has paid out, on average, around 25% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.73% 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 1.73% 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 fairly standard, it's worth remembering that Gray Television may be investing much of the rest of its net profits in future growth.
Gray Television's most recent dividend payout was on 29 September 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 September 2022 (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 $16.0619 up to $24.839. 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 1.6592. This would suggest that Gray Television's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
Gray Television, Inc. , a television broadcasting company, owns and/or operates television stations and digital assets in the United States. It also broadcasts secondary digital channels affiliated to ABC, CBS, NBC, and FOX, as well as various other networks and program services, including CW Plus Network, MY Network, the MeTV Network, Justice, This TV Network, Antenna TV, Telemundo, Cozi, Heroes and Icons, and MOVIES! Network; and local news/weather channels in various markets. In addition, the company offers video program production services. It owns and operates television stations and digital assets that serve 113 television markets in the United States. The company was formerly known as Gray Communications Systems, Inc. and changed its name to Gray Television, Inc.
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