Gray Television Inc. (NYSE: GTN) stock closed at $4.28 on 11/8/24 after a major decline of -26.1%. Moreover, this decline was accompanied by exceptionally high trading volume at 637% of normal. Relative to the market the stock has been weak over the last nine months and has declined -25.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above 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 (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 very low Power Rating of 9, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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