Gray Television Inc. (NYSE: GTN). Notable negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for Gray Television Inc. (NYSE: GTN): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GTN is expected to continue to be a modest Value Builder.
Gray Television has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Gray Television has a very high Appreciation Score of 98 but a poor Power Rating of 28, leading to the High Neutral Value Trend Rating.
Recent Price Action
Gray Television Inc. (NYSE: GTN) stock declined by -2.7% on 3/14/24. The shares closed at $5.85. Moreover, trading volume in this decline was exceptionally high at 315% of normal. The stock has performed in line with the market over the last nine months and has risen 3.0% during the last week.
Be the first to comment