Gannett Co Inc (GCI) concluded trading on Thursday at a closing price of $4.69, with 6.89 million shares of worth about $32.33 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.27% during that period and on October 31, 2024 the price saw a loss of about -19.28%. Currently the company’s common shares owned by public are about 148.94M shares, out of which, 119.50M shares are available for trading.
Stock saw a price change of -16.55% in past 5 days and over the past one month there was a price change of -15.34%. Year-to-date (YTD), GCI shares are showing a performance of 103.91% which increased to 100.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.66 but also hit the highest price of $5.93 during that period. The average intraday trading volume for Gannett Co Inc shares is 1.64 million. The stock is currently trading -14.96% below its 20-day simple moving average (SMA20), while that difference is down -11.46% for SMA50 and it goes to 23.42% higher than SMA200.
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Gannett Co Inc (NYSE: GCI) currently have 148.94M outstanding shares and institutions hold larger chunk of about 65.07% of that.
The stock has a current market capitalization of $692.24M and its 3Y-monthly beta is at 2.49. It has posted earnings per share of -$0.72 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 4.96. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GCI, volatility over the week remained 6.46% while standing at 5.05% over the month.
Stock’s fiscal year EPS is expected to drop by -70.27% while it is estimated to increase by 82.64% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on September 17, 2024 offering a Neutral rating for the stock and assigned a target price of $5.10 to it. On July 01, 2024, JMP Securities Initiated their recommendations, while on May 24, 2024, Citigroup Upgrade their ratings for the stock with a price target of $3.60. Stock get a Buy rating from Compass Point on December 12, 2023.
