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How to buy Gray Television (GTN) stocks in Canada

Learn how to easily invest in Gray Television stocks.

Gray Television (GTN) is a leading broadcasting business based in the US. It opened the day at $22.33 after a previous close of $22. During the day the price has varied from a low of $22.15 to a high of $22.58. The latest price was $22.54 (25 minute delay). Gray Television is listed on the NYSE and employs 7,017 staff. All prices are listed in US Dollars.

How to buy shares in Gray Television

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – GTN – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Gray Television stock price (NYSE:GTN)

Use our graph to track the performance of GTN stocks over time.

Gray Television shares at a glance

Information last updated 2021-07-09.
Open$22.33
High$22.58
Low$22.15
Close$22.54
Previous close$22.00
Change $0.54
Change % 2.4545%
Volume 441,360
Information last updated 2022-01-17.
52-week range$16.06 - $25.14
50-day moving average $21.38
200-day moving average $21.99
Wall St. target price$28.63
PE ratio 5.4836
Dividend yield $0.24 (1.4%)
Earnings per share (TTM) $2.41

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Is it a good time to buy Gray Television stock?

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.

Gray Television price performance over time

Historical closes compared with the close of $22.54 from 2022-01-19

1 week (2022-01-13) -3.05%
1 month (2021-12-20) 20.21%
3 months (2021-10-20) -3.63%
6 months (2021-07-20) 6.57%
1 year (2021-01-20) 34.57%
2 years (2020-01-17) -0.18%
3 years (2019-01-18) 36.61%
5 years (2017-01-20) 107.74%

Is Gray Television under- or over-valued?

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 P/E ratio

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 PEG ratio

Gray Television's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.5938. 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

Gray Television's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $895 million.

The EBITDA is a measure of a Gray Television's overall financial performance and is widely used to measure a its profitability.

Gray Television financials

Revenue TTM $2.5 billion
Operating margin TTM 27.54%
Gross profit TTM $990 million
Return on assets TTM 5.7%
Return on equity TTM 1401.93%
Profit margin 11.47%
Book value $18.62
Market capitalisation $2.2 billion

TTM: trailing 12 months

Gray Television share dividends

13%

Dividend payout ratio: 13.11% of net profits

Recently Gray Television has paid out, on average, around 13.11% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.4% 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 1.4% return on their shares, in the form of dividend payments. In Gray Television's case, that would currently equate to about $0.24 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 31 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 14 December 2021 (the "ex-dividend date").

Have Gray Television's shares ever split?

Gray Television's shares were split on a 3:2 basis on 1 October 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.

Gray Television share price volatility

Over the last 12 months, Gray Television's shares have ranged in value from as little as $16.0573 up to $25.1441. A popular way to gauge a stock's volatility is its "beta".

GTN.US volatility(beta: 1.9)Avg. volatility(beta: 1.00)LowHigh

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 1.9032. 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 overview

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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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