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


The leading market experts have placed a mean price target of $18.25 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 $0.78 a share for the upcoming quarter and $1.63 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 $11.02, and stock is trading $0.26 points away or +2.33% from its 50-day moving average of $11.02. Further it is trading $-0.28 or -2.40% away its 200-day moving average of $11.56. Gray Television, Inc. (NYSE:GTN) 52-week high is $17.70 and the 52-week low is $9.15.

This explains if the stock moves $-6.42, it will post a 52-week high. In event of +23.28% 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 16.86.

The stock last ended the trading session at $11.28 and registered a market cap of $810.78M. 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 1.06.

1 Chart Pattern Every Investor Should Know

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