Market Analysts see Gannett Co. Inc. [GCI] gaining to $3.80. Time to buy?

Gannett Co. Inc. [NYSE: GCI] traded at a low on 07/07/21, posting a 0.00 loss after which it closed the day’ session at $4.99. The company report on June 24, 2021 that USA Announces Hosts and Presenters for First Ever National High School Sports Awards Show.

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High School Sports Awards Hosted by Michael Strahan and Rob Gronkowski will Celebrate the Best Student Athletes in 25 Sports Including New Polo Award.

USA ’s High School Sports Awards, presented by the U.S. Polo Assn., announced a new national show airing on August 5 hosted by Michael Strahan, co-host of “Good Morning America,” and Pro Football Hall of Famer, Rob Gronkowski, tight end for the Tampa Bay Buccaneers. The awards show, one of the largest high school sports recognition programs in the country, will honor the nation’s best student athletes and feature some of the biggest names in professional sports.

The results of the trading session contributed to over 1659401 shares changing hands. Over the past one week, the price volatility of Gannett Co. Inc. stands at 5.05% while the volatility over the past one month is 5.11%.

The market cap for GCI stock reached $739.92 million, with 134.07 million shares outstanding and 127.42 million shares in the current float. Compared to the average trading volume of 1.63M shares, GCI reached a trading volume of 1659401 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Gannett Co. Inc. [GCI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GCI shares is $4.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GCI stock is a recommendation set at 4.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Gannett Co. Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 03, 2021. The new note on the price target was released on April 06, 2020, representing the official price target for Gannett Co. Inc. stock.

The Average True Range (ATR) for Gannett Co. Inc. is set at 0.27, with the Price to Sales ratio for GCI stock in the period of the last 12 months amounting to 0.23. The Price to Book ratio for the last quarter was 1.24, with the Price to Cash per share for the same quarter was set at 1.10. Price to Free Cash Flow for GCI in the course of the last twelve months was 26.62 with Quick ratio for the last quarter at 0.80.

How has GCI stock performed recently?

Gannett Co. Inc. [GCI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.55. With this latest performance, GCI shares dropped by -3.11% in over the last four-week period, additionally plugging by 56.43% over the last 6 months – not to mention a rise of 330.17% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GCI stock in for the last two-week period is set at 40.17, with the RSI for the last a single of trading hit 33.30, and the three-weeks RSI is set at 44.09 for Gannett Co. Inc. [GCI]. The present Moving Average for the last 50 days of trading for this stock 5.13, while it was recorded at 5.21 for the last single week of trading, and 3.92 for the last 200 days.

Gannett Co. Inc. [GCI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Gannett Co. Inc. [GCI] shares currently have an operating margin of +4.62 and a Gross Margin at +33.98. Gannett Co. Inc.’s Net Margin is presently recorded at -19.69.

Return on Total Capital for GCI is now 6.00, given the latest momentum, and Return on Invested Capital for the company is -26.66. Return on Equity for this stock declined to -99.67, with Return on Assets sitting at -18.81. When it comes to the capital structure of this company, Gannett Co. Inc. [GCI] has a Total Debt to Total Equity ratio set at 526.64. Additionally, GCI Total Debt to Total Capital is recorded at 84.04, with Total Debt to Total Assets ending up at 61.68. Long-Term Debt to Equity for the company is recorded at 479.58, with the Long-Term Debt to Total Capital now at 76.53.

Reflecting on the efficiency of the workforce at the company, Gannett Co. Inc. [GCI] managed to generate an average of -$37,043 per employee. Receivables Turnover for the company is 9.05 with a Total Asset Turnover recorded at a value of 0.96.Gannett Co. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Insider trade positions for Gannett Co. Inc. [GCI]

There are presently around $442 million, or 62.60% of GCI stock, in the hands of institutional investors. The top three institutional holders of GCI stocks are: BLACKROCK INC. with ownership of 21,188,531, which is approximately 6.371% of the company’s market cap and around 2.20% of the total institutional ownership; VANGUARD GROUP INC, holding 8,574,752 shares of the stock with an approximate value of $42.79 million in GCI stocks shares; and ALTA FUNDAMENTAL ADVISERS LLC, currently with $33.16 million in GCI stock with ownership of nearly -0.821% of the company’s market capitalization.

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Positions in Gannett Co. Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 82 institutional holders increased their position in Gannett Co. Inc. [NYSE:GCI] by around 12,157,430 shares. Additionally, 79 investors decreased positions by around 9,580,014 shares, while 34 investors held positions by with 66,746,604 shares. The mentioned changes placed institutional holdings at 88,484,048 shares, according to the latest SEC report filing. GCI stock had 33 new institutional investments in for a total of 5,201,306 shares, while 25 institutional investors sold positions of 3,154,367 shares during the same period.

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