Stock To Watch: Gray Television, Inc. (NYSE:GTN)


The leading market experts have placed a mean price target of $19.00 on Gray Television, Inc. (NYSE:GTN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.53 a share for the upcoming quarter and $1.73 for the current fiscal. Technical View The technical analysis of Gray Communications Systems, In plainly substantiates that the 50-day moving average of Gray Communications Systems, In is $11.28, and stock is hovering 0.18 or +1.59% distant from $11.28. It is noted that the 200-day MA is $11.97, and Gray Communications Systems, In stock is $-0.51 or -4.25% off from this point. Gray Television, Inc. (NYSE:GTN) 52-week high is $17.78 and the 52-week low is $9.95. This explains if the stock moves $-6.32, it will post a 52-week high. In event of $+15.18% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Gray Communications Systems, In, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Gray Television, Inc. (NYSE:GTN) ratio came in at 19.69. The stock last ended the trading session at $11.46 and registered a market cap of $823.71M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Gray Television, Inc. (NYSE:GTN) PEG ratio is at 1.01.

1 Chart Pattern Every Investor Should Know

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