Gannett Co Inc [NYSE: GCI] traded at a low on Monday, posting a -1.98 loss after which it closed the day’ session at $3.47.
The results of the trading session contributed to over 4680246 shares changing hands. Over the past one week, the price volatility of Gannett Co Inc stands at 9.71% while the volatility over the past one month is 7.51%.
The market cap for GCI stock reached $511.37 million, with 147.39 million shares outstanding and 120.55 million shares in the current float. Compared to the average trading volume of 1.55M shares, GCI reached a trading volume of 4680246 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 $5.28 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 2.50. 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 Neutral, with their previous recommendation back on September 17, 2024. The new note on the price target was released on August 28, 2024, representing the official price target for Gannett Co Inc stock. Previously, the target price had yet another raise to $6, while JMP Securities analysts kept a Mkt Outperform rating on GCI stock. On May 24, 2024, analysts increased their price target for GCI shares from 1.95 to 3.60.
The Average True Range (ATR) for Gannett Co Inc is set at 0.25, with the Price to Sales ratio for GCI stock in the period of the last 12 months amounting to 0.20. The Price to Book ratio for the last quarter was 3.34, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for GCI in the course of the last twelve months was 10.07 with Quick ratio for the last quarter at 0.74.
How has GCI stock performed recently?
Gannett Co Inc [GCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.96. With this latest performance, GCI shares gained by 10.51% in over the last four-week period, additionally sinking by -39.02% over the last 6 months – not to mention a rise of 43.39% 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 58.34, with the RSI for the last a single of trading hit 65.79, and the three-weeks RSI is set at 52.96 for Gannett Co Inc [GCI]. The present Moving Average for the last 50 days of trading for this stock 3.53, while it was recorded at 3.14 for the last single week of trading, and 4.67 for the last 200 days.
Gannett Co Inc [GCI]: Deeper insight into the fundamentals
Gannett Co Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 0.78.
Earnings analysis for Gannett Co Inc [GCI]
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 GCI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gannett Co Inc go to 34.69%.
Insider trade positions for Gannett Co Inc [GCI]
There are presently around $82.97%, or 87.38%% of GCI stock, in the hands of institutional investors. The top three institutional holders of GCI stocks are: APOLLO MANAGEMENT HOLDINGS, L.P. with ownership of 13.17 million shares, which is approximately 9.218%. ALTA FUNDAMENTAL ADVISERS LLC, holding 13.15 million shares of the stock with an approximate value of $$60.61 million in GCI stocks shares; and ALTA FUNDAMENTAL ADVISERS LLC, currently with $$48.37 million in GCI stock with ownership which is approximately 7.3463%.
