A Look at Gannett Co Inc. (GCI) Shares in the Recent Past Indicates Growth

With 0.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. The 52-week range on GCI shows that it touched its highest point at $3.60 and its lowest point at $1.62 during that stretch. It currently has a 1-year price target of $2.98. Beta for the stock currently stands at 2.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GCI was up-trending over the past week, with a rise of 4.95%, but this was up by 9.39% over a month. Three-month performance dropped to -4.51% while six-month performance fell -3.72%. The stock gained 29.44% in the past year, while it has gained 1.30% so far this year. A look at the trailing 12-month EPS for GCI yields -0.19 with Next year EPS estimates of 0.26. For the next quarter, that number is -0.27. This implies an EPS growth rate of 0.79% for this year and 229.49% for next year.

Float and Shares Shorts:

At present, 148.94 million GCI shares are outstanding with a float of 123.50 million shares on hand for trading. On Mar 15, 2024, short shares totaled 16.12 million, which was 10.83% higher than short shares on Feb 15, 2024. In addition to Mr. Michael E. Reed as the firm’s Chairman, CEO & President, Mr. Douglas Edward Horne serves as its CFO & Principal Financial Officer.

Institutional Ownership:

Through their ownership of 69.60% of GCI’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GCI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.