GTN — Gray Television Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates GTN Bearish with a Setup Score of 31, net conviction 40, actionability 24. How the Setup Score works →

Total Setup Score31
Directional BiasBearish
Net Conviction40
Actionability24 (in range)

Key signals behind this score

About Gray Television Inc

Gray Media, Inc., a multimedia company, owns and/or operates local television stations and digital assets in the United States. The company operates through Broadcasting, Production Companies, and Other segments. It also owns Gray Digital Media, a digital agency that provides clients with digital marketing strategies; and operates video production companies and studio production facilities. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$3.90
Market Cap$387M
Float82.2M
Shares Outstanding92.9M
P/E (Forward)2.09
Price/Sales (TTM)0.13
vs. Analyst Target+66.7% to analyst PT
Profit Margin-3.12%
Operating Margin (TTM)10.55%
Revenue (TTM)$3.08B
Earnings Growth (YoY)1016.40%
Dividend Rate0.3%
Analyst Target Price$6.50 (5 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $2.38B $410M $989M $936M
2021 $2.41B $90.0M $803M $594M
2022 $3.68B $455M $1.43B $1.33B
2023 $3.28B -$76.0M $898M $697M
2024 $3.64B $375M $1.24B $1.25B
2025 $3.10B -$85.0M $2.99B $598M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $772M -$56.0M
Sep 2025 $749M -$10.0M
Dec 2025 $792M -$10.0M
Mar 2026 $768M -$20.0M

Ownership & Float

Insider Ownership7.2%
Institutional Ownership86.6%
Short Float7.1%
% of All Funds Holding2.21%
Number of Funds Holding182

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$3.95Near-term / short-term trend
Weekly40-Week SMA$4.62Medium-term trend
Weekly80-Week SMA$4.53Cyclical trend (business cycle)
Weekly200-Week SMA$6.52Secular trend (multi-year)
Monthly10-Month SMA$4.59Near-term monthly trend
Monthly20-Month SMA$4.46Medium-term monthly trend
Monthly40-Month SMA$5.63Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$5.70 resistance 1.12x 1 months ago
$3.40 support 1.08x 13 months ago
$6.40 resistance 1.39x 22 months ago

Historical Earnings Reactions (94 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 0.44% 0.10% 51.06% 8.81% -3.50%
1 Day 1.02% 0.56% 54.26% 38.30% -11.73%
1 Week -0.56% 0.71% 51.06% 38.89% -59.57%
2 Weeks -0.98% 0.59% 53.19% 50.00% -40.43%
1 Month 0.59% -0.72% 40.86% 130.43% -42.00%

Next earnings: August 14, 2026 (31 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan4.3%50.0%24
Feb-0.5%50.0%24
Mar-0.3%41.7%24
Apr9.8%58.3%24
May-3.6%33.3%24
Jun-0.9%41.7%24
Jul2.9%56.5%23
Aug-0.7%47.8%23
Sep4.9%45.8%24
Oct-3.1%45.8%24
Nov3.6%58.3%24
Dec2.2%54.2%24

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday 0.04% 48.4% 1125
Tuesday 0.08% 46.8% 1234
Wednesday 0.04% 46.7% 1232
Thursday 0.08% 49.3% 1208
Friday 0.14% 46.6% 1202

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 86.6%

Insider Transactions — Smart Summary

Total insider ownership: 7.2%

12-Month Insider Activity Summary

Total Filings2
Net Value+N/A
Net Shares Change-77,000
% of Float-0.1%
C-Suite Filings0
Clusters Detected0

Key Insiders

NameTitleNet ValueFilingsActivity
BOGER RICHARD LEE -$367,151.7 2 2 sell

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-21 BOGER RICHARD LEE -$250,691.7 Transaction at $4.40, now -11.3%
2025-09-11 BOGER RICHARD LEE -$116,460 Transaction at $5.82, now -33.0%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Gray Television Inc (GTN) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for GTN on Trend Edge →