Last Updated: 19 Sep 2024
Executive Summary
Gray Television Inc. (GTN) is a television broadcasting company with a market capitalization of $5.13 billion. The company has a strong financial position with an EBITDA of $818 million and a profit margin of 1.84%. GTN's stock is currently trading at $5.13, below its 52-week high of $9.61. The company's fundamentals are strong, with a trailing PE ratio of 72.86 and a forward PE ratio of 1.134. Analysts have a consensus rating of "Hold" on GTN, with a target price of $9.
Company Overview
Gray Television Inc. is a television broadcasting company that owns and/or operates television stations and digital assets in the United States. The company is headquartered in Atlanta, Georgia. GTN's stations reach approximately 36% of US television households. The company's programming includes local news, syndicated programming, and sports.
Fundamental Analysis
GTN's financial performance has been strong in recent years. The company's revenue has grown by an average of 1.6% per year over the past five years. GTN's EBITDA has also grown by an average of 2.1% per year over the past five years. The company's profit margin has remained relatively stable over the past five years.
GTN's balance sheet is also strong. The company has a low level of debt and a high level of cash on hand. GTN's current ratio is 1.2, which is above the industry average of 1.0.
Technical Analysis
GTN's stock price has been trading in a range between $4.078 and $9.61 over the past 52 weeks. The stock is currently trading near the bottom of this range. The stock's 50-day moving average is $5.17, and its 200-day moving average is $6.48. The stock's relative strength index (RSI) is 30.00, which indicates that the stock is oversold.
Short Term Outlook
GTN's stock is currently trading below its 50-day and 200-day moving averages. The stock's RSI is also oversold. This indicates that the stock is likely to continue to trade lower in the short term.
Long Term Outlook
GTN's fundamentals are strong, and the company is well-positioned to benefit from the growth of the television broadcasting industry. The company's stock is currently trading at a discount to its intrinsic value. This indicates that the stock is likely to appreciate in value over the long term.
Analyst Recommendations
Analysts have a consensus rating of "Hold" on GTN, with a target price of $9. This indicates that analysts believe that the stock is fairly valued.
