GTN Stock Summary and Trading Ideas (Gray Television | NYSE:GTN)

Gray Television Inc is a television broadcast company. The company is engaged in owning and operating television stations. It also owns video program production, marketing, and digital business. It has two segments namely, Broadcasting and Production companies. Majority of the revenue is generated from the broadcasting segment which operates television stations in local markets in the United States.

Gray Television trades on the NYSE stock market under the symbol GTN.

As of April 18, 2024, GTN stock price climbed to $5.79 with 850,030 million shares trading.

GTN has a beta of 1.41, meaning it tends to be more sensitive to market movements. GTN has a correlation of 0.07 to the broad based SPY ETF.

GTN has a market cap of $562.81 million. This is considered a Small Cap stock.

Last quarter Gray Television reported $864 million in Revenue and -$.24 earnings per share. This beat revenue expectation by $940,000 and missed earnings estimates by -$.08.

In the last 3 years, GTN stock traded as high as $25.24 and as low as $5.44.

The top ETF exchange traded funds that GTN belongs to (by Net Assets): VTI, IWM, FNDA, VXF, IWN.

GTN has underperformed the market in the last year with a price return of -28.0% while the SPY ETF gained +22.3%. GTN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -34.9% and -7.7%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

GTN support price is $5.48 and resistance is $5.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GTN stock will trade within this expected range on the day.