Gray Television, Inc. stock performance trend indicates that the stock price has rallied 25.23% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 31.76% . Looking at the past 52 week period, the stock price is up at 7.57% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Gray Television, Inc. has a negative value of -7.78 compared to overall market performance.Gray Television, Inc. is having a Relative Strength Index of 53.46 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Gray Television, Inc. (NYSE:GTN) has tumbled 3.19% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 8.76% in the last four weeks. The stocks have underperformed the S&P 500 by 3.42% during the past week but Gray Television, Inc. (NYSE:GTN) it has outperformed the index in 4 weeks by 7.53%.
For this week, the average consensus of the stock is rated as a Strong Buy. Gray Television, Inc. (NYSE:GTN) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.15 points or 1.09% at $13.65 with 1,455,231 shares getting traded. Post opening the session at $13.75, the shares hit an intraday low of $13.35 and an intraday high of $13.825 and the price was in this range throughout the day. The company has a market cap of $994 million and the number of outstanding shares has been calculated to be 72,844,702 shares. The 52-week high of Gray Television, Inc. (NYSE:GTN) is $15.1 and the 52-week low is $7.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Singular Research on Mar 9, 2017 to Buy, Raises Price Target to $ 18 from a previous price target of $12 .
Company has reported several Insider transactions to the SEC, on Dec 28, 2016, T L Elder (director) sold 2,960 shares at 10.98 per share price.On Nov 18, 2016, Harriett J Robinson (director 10% owner) purchased 6,100 shares at 9.55 per share price.On Nov 16, 2016, Robin Robinson Howell (director) purchased 1,720 shares at 8.98 per share price.
Gray Television Last issued its quarterly earnings results on Mar 1, 2017. The company reported $0.49 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.50. The company had revenue of $237.62 million for the quarter, compared to analysts expectations of $233.76 million. The companys revenue was up 40.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Gray Television is a communications company headquartered in Atlanta, Georgia, and currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers.