Gray Television Inc. (NYSE: GTN) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and its longer term price trend turned down.
Recent significant negative changes in fundamentals have impacted Gray Television Inc. (NYSE: GTN): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
GTN’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Gray Television has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Gray Television has a very high Appreciation Score of 99 but a neutral Power Rating of 48, and the Highest Value Trend Rating results.
Recent Price Action
Gray Television Inc. (NYSE: GTN) stock closed at $5.97 on 2/26/24 after a decline of -2.8%. Moreover, trading volume in this decline was exceptionally high at 235% of normal. The stock has declined -31.1% during the last week but has been strong relative to the market over the last nine months.
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