While Gannett Co Inc. has underperformed by -0.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GCI rose by 132.23%, with highs and lows ranging from $5.93 to $1.66, whereas the simple moving average jumped by 64.13% in the last 200 days.
On September 17, 2024, Citigroup Upgraded Gannett Co Inc. (NYSE: GCI) to Neutral. A report published by Citigroup on August 28, 2024, Downgraded its rating to ‘Sell’ for GCI. JMP Securities also rated GCI shares as ‘Mkt Outperform’, setting a target price of $6 on the company’s shares in an initiating report dated July 01, 2024. Citigroup May 24, 2024d the rating to Neutral on May 24, 2024, and set its price target from $1.95 to $3.60. Compass Point initiated its ‘Buy’ rating for GCI, as published in its report on December 12, 2023. Citigroup’s report from June 03, 2021 suggests a price prediction of $3.80 for GCI shares, giving the stock a ‘Sell’ rating. Citigroup also rated the stock as ‘Sell’.
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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.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Gannett Co Inc.’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and GCI is recording an average volume of 1.70M. On a monthly basis, the volatility of the stock is set at 5.46%, whereas on a weekly basis, it is put at 4.75%, with a gain of 4.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.90, showing growth from the present price of $5.62, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 19.04%. 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 65.05% 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 65.05% at present.
