Gray Television, Inc. (GTN): From Top to Bottom

Gray Television, Inc. (GTN) 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 $16.15, down from yesterday’s close by -2.12%. 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

Gray Television, Inc. (GTN) currently trades with a market capitalization of $1.46 Billion. That value represents a market adjusting for revenues that have been growing by 11.20 % 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 $158.09 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.41 on a per share basis this quarter. Perhaps, that suggests something about why 2.58% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Gray Television, Inc. recorded a 52-week high of $17.80. It is now trading 1.65% off that level. The stock is trading $11.89 its 50-day moving average by -4.26%. The stock carved out a 52-week low down at $10.70.

In recent action, Gray Television, Inc. (GTN) has made a move of +48.17% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.54, 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 5.90% with $78.24 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of GTN.

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