Taking a Fresh Look at TEGNA Inc. (TGNA)

TEGNA Inc. (TGNA) is an interesting player in the Services space, with a focus on Broadcasting – TV. The stock has been active on the tape, currently trading at $10.57, up from yesterday’s close by 0.28%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

TEGNA Inc. (TGNA) currently trades with a market capitalization of $2.29 Billion. That value represents a market adjusting for revenues that have been growing by 9.37 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $309.33 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.3 on a per share basis this quarter. Perhaps, that suggests something about why 0.78% of the outstanding share supply is held by institutional investors.

Technical Analysis

We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, TEGNA Inc. recorded a 52-week high of $15.61. It is now trading 5.04% off that level. The stock is trading $11.40 its 50-day moving average by 0.83%. The stock carved out a 52-week low down at $10.00.

In recent action, TEGNA Inc. (TGNA) has made a move of -1.40% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.84, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.88% with $215.09 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of TGNA.

Previous articleHow Does Delek US Holdings, Inc. (DK) Stack Up Right Now?
Next articleEQT Corporation (EQT): From Top to Bottom