TEGNA Inc (TGNA) concluded trading on Wednesday at a closing price of $17.93, with 5.66 million shares of worth about $101.4 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 22.14% during that period and on November 06, 2024 the price saw a gain of about 11.64%. Currently the company’s common shares owned by public are about 179.92M shares, out of which, 163.11M shares are available for trading.
Stock saw a price change of 7.49% in past 5 days and over the past one month there was a price change of 17.57%. Year-to-date (YTD), TGNA shares are showing a performance of 17.19% which increased to 16.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.35 but also hit the highest price of $17.08 during that period. The average intraday trading volume for TEGNA Inc shares is 2.45 million. The stock is currently trading 9.27% above its 20-day simple moving average (SMA20), while that difference is up 16.44% for SMA50 and it goes to 22.27% higher than SMA200.
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TEGNA Inc (NYSE: TGNA) currently have 179.92M outstanding shares and institutions hold larger chunk of about 94.25% of that.
The stock has a current market capitalization of $2.97B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 7.38, while it has posted earnings per share of $2.43 in the same period. Its PEG reads 0.74 and has Quick Ratio of 2.58 while making debt-to-equity ratio of 1.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGNA, volatility over the week remained 3.35% while standing at 2.40% over the month.
Stock’s fiscal year EPS is expected to rise by 90.31% while it is estimated to decrease by -36.34% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of 4.05% made by the stock over the past 5-years.
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 JP Morgan on December 06, 2023 offering a Neutral rating for the stock and assigned a target price range of between $22 and $17 to it. Coverage by Wells Fargo stated TEGNA Inc (TGNA) stock as an Equal weight in their note to investors on May 05, 2022, suggesting a price target of $24 for the stock. Stock get an Overweight rating from Wells Fargo on August 11, 2020.
