While Gannett Co Inc. has underperformed by -4.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GCI rose by 57.40%, with highs and lows ranging from $5.91 to $1.66, whereas the simple moving average jumped by 36.69% in the last 200 days.
On August 28, 2024, Citigroup Downgraded Gannett Co Inc. (NYSE: GCI) to Sell. A report published by JMP Securities on July 01, 2024, Initiated its previous ‘Mkt Outperform’ rating for GCI. Citigroup also Upgraded GCI shares as ‘Neutral’, setting a target price of $3.60 on the company’s shares in a report dated May 24, 2024. Compass Point Initiated an Buy rating on December 12, 2023, and assigned a price target of $5. Citigroup initiated its ‘Sell’ rating for GCI, as published in its report on June 03, 2021. JP Morgan also rated the stock as ‘Underweight’.
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Analysis of Gannett Co Inc. (GCI)
Further, the quarter-over-quarter decrease in sales is -4.84%, showing a negative trend in the upcoming months.
One of the most important indicators of Gannett Co Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -33.43% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.75, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and GCI is recording 1.57M average volume. On a monthly basis, the volatility of the stock is set at 5.47%, whereas on a weekly basis, it is put at 5.74%, with a loss of -17.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.90, showing growth from the present price of $4.36, which can serve as yet another indication of whether GCI is worth investing in or should be passed over.
How Do You Analyze Gannett Co Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 19.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 65.35% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GCI shares are owned by institutional investors to the tune of 65.35% at present.
