Gray Television, Inc. GTN Stock Analysis

Gray Television, Inc. stock trades under the ticker GTN & has shown recent bullishness that traders & investors should research further into.

GTN stock closed at $11.28/share on 11/17/2022.

Gray Television, Inc. GTN Stock’s Technical Performance Broken Down

Gray Television, Inc. GTN Stock's Technical Performance Broken Down

GTN Stock Price: $11.28

10 Day Moving Average: $10.28

50 Day Moving Average: $14.69

200 Day Moving Average: $18.56

MACD: -1.249

RSI: 41.36

Yesterday, GTN stock completed a bullish MACD crossover, closing up 1.62%.

Recent trading volumes have been above average compared to the year prior & their RSI is on the oversold end of neutral, signaling that there may be more short-term momentum to come.

GTN stock has support at the $10.28 & $8.61/share price level, while they try to break above the $11.63 & $13.67/share resistance levels.

Gray Television, Inc. GTN Stock As A Long-Term Investment

Long-term oriented investors will like GTN stock’s valuation metrics, with a 4.03 P/E (ttm) & 0.51 P/B (mrq).

They recently reported 51.2% Quarterly Revenue Growth Y-o-Y.

Their balance sheet will require a more thorough review before investing though, with $144M of Total Cash (mrq) & $6.68B of Total Debt (mrq).

GTN stock pays a 2.88% dividend, which appears to be stable in the long-run, as their payout ratio is 12.12%.

90.3% of GTN stock’s outstanding share float is owned by institutional investors.

Gray Television, Inc. GTN Stock As A Short-Term Trade Using Options

Short-term focused traders can use options to hedge their portfolio against volatility, while profiting from underlying moves in GTN stock’s price.

I am looking at the contracts with the 12/16 expiration date.

The $10 & $7.50 call options are both in the money, with the former having more open interest than the latter.

The $12.50 & $15 puts are also all in-the-money, listed from highest to lowest level of open interest.

Tying It All Together

GTN stock has many interesting attributes that traders & investors are sure to find appealing.

Investors will like their dividend yield & valuation metrics, but may want to review the makeup of their balance sheet before investing.

Traders will like their recent technical performance, but may be disappointed by how liquid their options are.

Overall, it is worth taking a closer look into how GTN stock fits into your portfolio strategy.