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How to Buy Gray Television Stock

Gray Television Inc

Gray Television is a broadcasting company located in Georgia, United States, which is part of the Communication Services sector, and is traded under the ticker GTN on the NYSE exchange.

Gray Television stock last closed at $5.66, up 1.8% from the previous day, and has decreased 33.33% in one year. It has underperformed other stocks in the Broadcasting industry by 0.01 percentage points. Gray Television stock is currently +4.04% from its 52-week low of $5.44, and -47.05% from its 52-week high of $10.69.

At the moment, there are 97.2M shares of GTN outstanding. The market capitalization of GTN is $550.18M. In the last 24 hours, 938,788 GTN shares were traded.

How to Buy Gray Television Stock

Wondering how to invest in Gray Television stock? Here's how.
  1. Decide where to buy Gray Television stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you figure out where to buy Gray Television stock.
  2. Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your investment account: Pick your method of payment and add your details.
  4. Analyze Gray Television stock: The Gray Television ticker symbol is GTN. Is Gray Television stock a good investment? Should you buy shares of GTN? How do GTN's underlying business fundamentals look? Do top analysts think Gray Television is a good buy? Why has GTN's stock price moved recently? (Hint: Our stock market research website can help you decide if GTN is a good stock to buy).
  5. Place your GTN purchase: Decide if you will purchase GTN shares at the current market price or use a limit order to buy GTN shares at a particular price.
  6. Get notifications regarding your investment in GTN: Create a watchlist to important updates regarding your investment in Gray Television stock.

Step 1: Decide where to buy Gray Television stock

You need a brokerage account in order to access the NYSE market and buy GTN shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen the best brokerage, it's time to fill out some personal details so you can buy GTN today.

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Step 3: Put funds into your investment account

Now that you have filled out your info on the highest rated stock app, you need to deposit funds:

Watch the video below if you need help depositing money into your new brokerage account.

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Step 4: Analyze Gray Television stock

After you have identified the best place to buy Gray Television stock, it's very important to research their stock before you buy, so you actually comprehend the risk and upside.

Gray Television Metrics

GTN Price
$5.66
1w %
-2.92%
1y %
-33.33%
5y %
-76.47%
P/E
-4.07x
P/B
0.28x
P/S
0.16x
PEG
N/A
Revenue
$3.28B
Earnings
-$128.00M
Fore. Rev. Growth
5.98%
Fore. Earn. Growth
N/A
Market Cap
$550.18M
Next Earnings
May 7, 2024
Next Dividend
N/A

Gray Television Fundamentals

WallStreetZen was created to help average investors do more in-depth fundamental analysis.

You can see all of the due diligence checks on GTN's stock page.

Is GTN stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge GTN's intrinsic value.

Using relative valuations methods:

  • GTN could be undervalued based on its P/B ratio of 0.28x, relative to Broadcasting industry P/B ratio of 0.64x

You can access additional valuation analysis on GTN's stock here.

A look at GTN Cashflows and Balance Sheet

Positive Financial Indicators:

  • There are more short-term assets than short-term liabilities on the GTN balance sheet.

Negative Financial Indicators:

  • There are more long-term liabilities than short-term assets on the GTN balance sheet.
  • Total GTN debt is higher than 5 years ago, relative to shareholder equity.
  • GTN earnings of $358.00M is not sufficient to cover its interest payments.
  • GTN has a relatively high debt to equity ratio of 4.07.
  • GTN profit margin has gone down from 11% to -3.9% in the past year.
  • GTN's operating cash flow of $648.00M allows it to safely service it's debt of $6.24B.

Is it a good time to buy Gray Television stock, according to Wall Street analysts?

Out of 1 Wall Street analysts who give recommendations on GTN, the consensus analyst rating on GTN is a Strong Sell

It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are forecasting on the Gray Television stock forecast page.

Metrics for Advanced GTN Traders

SMA10
5.87
SMA20
5.91
SMA50
6.54
SMA100
7.64
SMA200
7.67
MACD
-0.21
MACD Signal
-0.22
MACD Histogram
0.01
RSI
40.19
Stochastic %K
10.59
Stochastic %D
14.4
StochRSI %K
16.6
StochRSI %D
22.94

GTN Growth Numbers

Last year, GTN revenue was $3.28B. In the last five year, GTN's revenue has increased by 24.79% per year. This was slower than the Broadcasting industry average of 43.21%.

Learn more about GTN's earnings and revenue performance here.

Who is buying/selling GTN?

Over the last 12 months, executives and large shareholders at GTN have bought more shares than they have sold.

Hilton H. Howell Jr., Chairman President CEO of GTN, was the latest GTN insider to buy. They bought $80,930.00 worth of GTN stock on Mar 28, 2024.

Research more about who owns GTN stock here.

Can I rely on GTN as an income stream?

Gray Television pays a dividend of 5.65%, compared to the Broadcasting industry's average dividend yield of 6.61%. If you owned $1,000 worth of GTN stock, you would have been paid $56.54 in the past 12 months.

Gray Television dividend payments have not consistently grown over the past decade but have remained stable.

Get more data about Gray Television dividend yield and history here.

What others are saying about GTN

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

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Step 5: Place your GTN purchase

You have two primary order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are mostly fine.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to be certain you're buying or selling at a given dollar amount, place a limit order.

Press the Open button and your broker will place your order.

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Step 6: Get notifications regarding your investment in GTN

Now that you own some shares in GTN, you'll want to stay up-to-date on your new company.

Make a watchlist to see the latest developments about your GTN stock.

GTN Feed

How to Buy Stock in Gray Television

To summarize, here are the 6 steps to buy Gray Television stock:

  1. Decide where to buy Gray Television stock
  2. Create your brokerage account
  3. Put funds into your investment account
  4. Analyze Gray Television stock
  5. Place your GTN purchase
  6. Get notifications regarding your investment in GTN

If you require a brokerage account, eToro is our recommended option.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to keep track of your investment in Gray Television, create a watchlist today.

NYSE: GTN
$5.66+0.10 (+1.8%)
Updated Apr 15, 2024
Open eToro Account
NYSE: GTN
$5.66+0.10 (+1.8%)
Updated Apr 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Gray Television share?

As of Apr 15, 2024, it costs $5.66 to buy one share of Gray Television stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.353 shares of GTN.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Gray Television stock?

According to 1 Wall Street analysts who monitor Gray Television, their consensus recommendation is to sell Gray Television stock.

What is the best way to buy Gray Television stock?

One way to place an order for Gray Television stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.