Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Gray Television, Inc. before investing.

In this article, we go over a few key elements for understanding Gray Television, Inc.’s stock price such as:

• Gray Television, Inc.’s current stock price and volume
• Why Gray Television, Inc.’s stock price changed recently
• Upgrades and downgrades for GTN from analysts
• GTN’s stock price momentum as measured by its relative strength

About Gray Television, Inc. (GTN)

Before we jump into Gray Television, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Gray Television, Inc. is a multimedia company that owns local television stations and digital assets in the United States. The Company operates through two segments: broadcasting and production companies. The broadcasting segment operates television stations in local markets in the United States. The production companies segment includes the production of television and event content. It serves approximately 113 television markets in the United States. Its portfolio includes approximately 79 markets with the top-rated television station and 102 markets with the first and/or second rated television station. It also owns video program companies Raycom Sports, Tupelo Media Group, PowerNation Studios, as well as the studio production facilities Assembly Atlanta and Third Rail Studios. Its network affiliations include the Big Four networks and many smaller networks. Its stations also provide content through digital platforms, including a local station Website and one or more digital apps.

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Gray Television, Inc.’s Stock Price as of Market Close

As of September 27, 2024, 4:00 PM, CST, Gray Television, Inc.’s stock price was $5.31.

Gray Television, Inc. is up 4.12% from its previous closing price of $5.10.

During the last market session, Gray Television, Inc.’s stock traded between $5.03 and $5.16. Currently, there are 95.00 million shares of Gray Television, Inc. stock available for purchase.

Gray Television, Inc.’s price-earnings (P/E) ratio is currently at 68.7, which is high compared to the Broadcasting industry median of 13.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Gray Television, Inc. Stock Price History

Gray Television, Inc.’s (GTN) price is currently up 4.12% so far this month.

During the month of September, Gray Television, Inc.’s stock price has reached a high of $5.47 and a low of $4.23.

Over the last year, Gray Television, Inc. has hit prices as high as $10.07 and as low as $4.15. Year to date, Gray Television, Inc.’s stock is down 52.55%.

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What Caused Gray Television, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 26, 2024, there were 4 analysts who downgraded Gray Television, Inc.’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Gray Television, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Gray Television, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Gray Television, Inc.’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Gray Television, Inc. (GTN) by visiting AAII Stock Evaluator.

Relative Price Strength of Gray Television, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 26, 2024, Gray Television, Inc. has a weighted four-quarter relative price strength of -10.27%, which translates to a Momentum Score of 30 and is considered to be Weak.

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Gray Television, Inc. Stock Price: Bottom Line

As of September 27, 2024, Gray Television, Inc.’s stock price is $5.31, which is up 4.12% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Gray Television, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.