Gray Television trades as part of the consumer cyclical sector and is part of the entertainment industry. The company CEO is Donald P. LaPlatney / Hilton H. Howell. Gray Television Inc is a television broadcast company which owns and operates television stations and digital assets in United States.



Previous Intraday Performance:

The GTN shares had a previous change of 0.47% which opened at 17.17 and closed at 17.25. It moved to an intraday high of 17.32 and a low of 16.59.

SeekingAlpha:  Gray Television (GTN) Presents At 13th Annual Barrington Research Spring Investment Conference – Slideshow

Historical Performance:

Over the last five trading days, GTN shares returned -2.60% and in the past 30 trading days it returned -24.80%. Over three months, it changed -22.12%. In one year it has changed 58.99% and within that year its 52 week high was 25.31 and its 52 week low was 10.70. GTN stock is 61.21% above its 52 week low.

Our calculations result in a 200 day moving average of 18.56 and a 50 day moving average of 21.21. Right now, GTN stock is trading -7.06% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.

SeekingAlpha:  Gray Television (GTN) Presents At 13th Annual Barrington Research Spring Investment Conference – Slideshow

Liquidity:

The company has a market cap of $1.6b with 94.3m shares outstanding and a float of 91.1m shares. Trading volume was 1,284,294 shares and has experienced an average volume of 994,982 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is bad, highly speculative and an investor may want to avoid this stock.

Earnings:

The last annual reported EPS for Gray Television was 2.37 which ended on 31st of December 2018, which according to the previous close, that is a PE of 7.28. Based on 1 analyst estimate, the estimated EPS for the next quarter is -0.44. The trailing twelve month EPS reported is 2.44 (trailing twelve month diluted EPS is 1.85).

Below was the last reported quarterly diluted earnings per share:

1stQtr 2019Reported 05-08-2019: -0.31
4thQtr 2018Reported 02-28-2019: 1.00
3rdQtr 2018Reported 11-06-2018: 0.70
2ndQtr 2018Reported 08-07-2018: 0.46
1stQtr 2018Reported 05-08-2018: 0.22

Base on our calculations, the intrinsic value per share is 49.28, which means it might be undervalued and has a margin of safety of 65.00%.

EPS growth is an important number as it indicates the future prospects of Gray Television; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 28.00% over the last twelve months.



Indicators Also to Watch:

Short-interest was 2,153,248, which was 2.28% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.30. This stock has some short interest, but it might be normal and no need to worry if long the position.

The beta was calculated to be 2.16.

SeekingAlpha:  IsoRay EPS in-line, beats on revenue

Fundamental Numbers:

Based on last reported financials, the company’s return on assets is 3.22%, profit margin is 13.01%, price-to-sales is 1.18 and price-to-book is 1.31.

Company Score Card:

Results are out of six:
 4  : Growth Expectations Result
 2  : Financial Safety Result
 1  : Past Performance Result
 6  : Valuation Result
 0  : Dividend Safety Result
 3  : Overall Result

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Jake McWilliams
I am an independent trader, analyst and algorithmic trading expert, having worked both for the sell side (brokerage) and the buy side (fund administration). I have been trading professionally for about 20 years. I trade stocks and forex and I play both long and short positions in underlying asset or through options. I have experience with discretionary and fully automated systems (Metatrader and Quantshare).

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