(GTNA) Gray Television - Ratings and Ratios

Gray Television Inc, listed on the NYSE under the ticker symbol GTNA, is a US-based company operating within the Movies & Entertainment sub-industry as classified by the GICS. The company is a leading broadcast television organization that owns and operates a diverse portfolio of television stations and broadcast networks across the United States.

From a technical standpoint, GTNAs stock has shown resilience, with its last price recorded at $7.60. The stock is currently trading above its 20-day and 50-day Simple Moving Averages (SMA20 and SMA50) of $7.16 and $7.18, respectively, indicating a short to medium-term bullish trend. However, it is below its 200-day SMA of $7.38, suggesting a potential long-term bearish outlook. The Average True Range (ATR) stands at 0.43, or 5.63% of the last price, indicating moderate volatility. The stocks 52-week range is between $5.00 and $10.51, showing a significant fluctuation in price over the past year.

Fundamentally, Gray Television Inc has a market capitalization of $852.28 million. The absence of a Price-to-Earnings (P/E) ratio, both current and forward, suggests that the company may not be profitable or may have negative earnings, which is not uncommon in industries undergoing significant restructuring or with companies that are heavily investing in growth. The Return on Equity (RoE) of 4.42% indicates that the company generates a relatively modest return for its shareholders, suggesting that while it is profitable on this metric, there may be room for improvement in terms of shareholder value creation.

Combining technical and fundamental data for a forecast, the stocks current position above its short-term moving averages but below its long-term SMA suggests a potential consolidation or a wait-and-watch approach from investors. Given the moderate volatility and the absence of a P/E ratio, investors may be cautious. However, the positive RoE and the companys position in a potentially consolidating industry could offer some support. A potential trading strategy could involve watching for a breakout above the 200-day SMA at $7.38, with a target near the 52-week high of $10.51, while setting a stop-loss around the recent lows or below key support levels. Conversely, failure to break through the $7.38 level, coupled with a decline in RoE or other negative fundamental shifts, could signal a further decline.