(GTNA) Gray Television - Ratings and Ratios

Gray Television Inc (NYSE:GTNA) operates as a media company primarily engaged in television broadcasting. The company owns and operates a portfolio of television stations across the United States, focusing on local news, entertainment, and sports content. Founded in 1897 and headquartered in Atlanta, Georgia, Gray Television has established itself as a significant player in the broadcast industry, with a strong emphasis on local market coverage and community engagement.

From a technical perspective, GTNA is currently trading at $7.89, with a 20-day average volume of 2,180 shares. The stock is hovering near its 20-day SMA of $7.18, slightly above its 50-day SMA of $7.14, but below its 200-day SMA of $7.62. This indicates a neutral short-term trend with potential resistance near the 200-day moving average. The ATR of 0.43 suggests relatively low volatility in recent trading sessions.

Fundamentally, Gray Television has a market capitalization of $852.28 million USD. The companys return on equity (RoE) stands at 4.39%, reflecting moderate profitability. However, key valuation metrics such as P/E, P/B, and P/S are currently not available or not applicable, potentially indicating complexities in the companys financial structure or recent performance. This could be due to negative earnings or book value, which may warrant further investigation for investors.

3-Month Forecast: Based on the convergence of the 20-day and 50-day SMAs near $7.14, GTNA may face resistance at this level. The stock is likely to trade in a narrow range between $6.80 and $8.20, with potential upside limited by the 200-day SMA at $7.62. Support is expected near the 50-day SMA, but a breach below $7.00 could signal further downside. The low ATR of 0.43 suggests volatility will remain subdued, with minimal price fluctuations expected in the near term.