TEGNA Inc [NYSE: TGNA] traded at a high on Wednesday, posting a 0.20 gain after which it closed the day’ session at $14.68.
The results of the trading session contributed to over 4737925 shares changing hands. Over the past one week, the price volatility of TEGNA Inc stands at 3.99% while the volatility over the past one month is 2.51%.
The market cap for TGNA stock reached $2.59 billion, with 179.92 million shares outstanding and 173.56 million shares in the current float. Compared to the average trading volume of 2.21M shares, TGNA reached a trading volume of 4737925 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TEGNA Inc [TGNA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGNA shares is $18.13 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGNA stock is a recommendation set at 2.00. 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.
JP Morgan have made an estimate for TEGNA Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 06, 2023. The new note on the price target was released on May 05, 2022, representing the official price target for TEGNA Inc stock.
The Average True Range (ATR) for TEGNA Inc is set at 0.40, with the Price to Sales ratio for TGNA stock in the period of the last 12 months amounting to 0.89. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 2.05. Price to Free Cash Flow for TGNA in the course of the last twelve months was 4.85 with Quick ratio for the last quarter at 2.48.
How has TGNA stock performed recently?
TEGNA Inc [TGNA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.69. With this latest performance, TGNA shares gained by 2.66% in over the last four-week period, additionally sinking by -4.74% over the last 6 months – not to mention a drop of -9.10% 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 TGNA stock in for the last two-week period is set at 62.95, with the RSI for the last a single of trading hit 70.93, and the three-weeks RSI is set at 57.88 for TEGNA Inc [TGNA]. The present Moving Average for the last 50 days of trading for this stock 14.17, while it was recorded at 14.47 for the last single week of trading, and 15.08 for the last 200 days.
TEGNA Inc [TGNA]: Deeper insight into the fundamentals
TEGNA Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.48 and a Current Ratio set at 2.48.
Earnings analysis for TEGNA Inc [TGNA]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TGNA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for TEGNA Inc go to 10.00%.
Insider trade positions for TEGNA Inc [TGNA]
The top three institutional holders of TGNA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in TGNA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in TGNA stock with ownership which is approximately 5.8386%.
