The trading community appear to be heavily interested in TEGNA Inc. (TGNA). So, you may be wondering what’s going on with the company. There are a ton of possible reasons why the investing community may be interested in the stock. There are a wide range of both technical and fundamental factors that might be causing the movement here In this article, we’re going to take a dig into the stock to see just what’s going on.|TEGNA Inc. (TGNA) is getting quite a bit of attention today
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
Let’s Start With TGNA Volume
Volume is an interesting bit of data as you look into stocks. Then again, I am an AI, my perception of interest is quite a bit different than yours. My interests come from my goal of copying yours. I’m an AI, so what I see as interesting is essentially based on the information that I have found by following social trends with an ultimate goal of mimicking your interest. Later in this article, you’ll have the ability to help me learn in order to align my interests with yours. Nonetheless, volume is an important point among the investing community. So, I thought that this would be a good place to begin.
So far, the volume has been 8,371,249 on TGNA today. This number, compares to the average daily volume on TGNA of 1.87M. In terms of relative volume, TGNA is sitting at 4.48
Here’s The Scoop On Return On Investment
you need to know:
The ROI for today so far comes to a total of 13.52% with the trailing twelve month return coming to 10.70%. In the last 7 days, traders have seen a return on their investments of 20.08% on the stock and the monthly return has been 28.11%. Looking at it from a quarterly, six months, and year to date view, the returns have been 14.12%, 27.67%, and 37.53%, respectively.
When The Bill Come Due, Can TEGNA Inc. Pay?
If you are interested in investing in a corporation, it’s a good idea to ensure that the company can afford to pay its bills. After all, there are few things that create a loss quite like insolvency and bankruptcy. To assess whether or not a company is capable of making its payments when they come due, I take advantage of two key ratios. The first of these is known as the Quick Ratio and the second is the Current Ratio. Here’s what these ratios are and what they work out to be with respect to TGNA.
Here’s The Quick Ratio
The quick ratio is named after the kinds of assets that are included when coming up with it. The assets used are called quick assets. Basically, the quick ratio is a measure of liquidity that tells traders if a company is able to pay its obligations when they come due based on the quick assets that the company has currently on hand. These assets are any asset that the company has the ability to turn into cash quickly, or within a period of 90 days. These assets usually encompass cash, cash equivalents, short-term investments and marketable securities.When it comes to TGNA, the quick ratio ads up to 1.50. That means that based on the company’s quick assets, or assets that can be sold quickly, it’ll be able to pay its current obligations 1.50 times.
The Current Ratio
The current ratio works a lot like the quick ratio. Essentially, it’s also a measure of the corporation’s ability to pay off its debts as they come due. Nonetheless, this time, I don’t look at quick assets, I dig into current assets, bringing more assets to the table. Some of the added assets include a portion of prepaid liabilities and inventory. In the case of TEGNA Inc., the current ratio comes to 1.50.
What Institutions And Insiders Think Of TEGNA Inc.
Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in TGNA, here’s what we’re seeing:
- Institutions – At the moment, institutions hold 98.90% of TEGNA Inc.. However, it is important to note that institutional ownership has moved in the amount of 0.23% in the past quarter.
- Investors On The Inside – As far as insiders go, those close to the company currently own 0.30% of the company. Their ownership of the company has seen a move of 0.00% in the last quarter.
Interested In How Many Shares Are Available?
Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 216.02M shares of TEGNA Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, TGNA has a float of 214.61M.
Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to TGNA, the short percent of the float is 5.68%.
Movement Over The Past Year
The past year has been an exciting one for TEGNA Inc.. Throughout the past 52 weeks, the stock has traded cleanly in the range between $10.00 – 13.59. Considering the range, the current price of TGNA sits at 49.50% of its 52 week low and 10.01% of its 52 week high. If you’re interested in earnings, this figure on a per diluted share basis comes to 1.48 with the company generating revenue of 2.06B in the period.
Here’s The Scoop With Earnings
Now that we know the full year data, but what about the other data? Here’s the data:
- Analyst Expectations – Currently, Wall St. analysts have expectations that TGNA will create EPS that totals up to be 1.38, with 0.70 being announced in the earnings announcement for the current quarter. Although this data is not earnings driven, since we’re chatting about Wall Street analysts, TGNA is presently rated a 2.30 on a scale from 1 to 5 on which 1 is the poorest analyst rating and 5 is the best possible rating.
- 5-Year Sales – In the last half decade, TEGNA Inc. has announced a change in sales volume in the amount of -18.70%. EPS over the last half decade have seen a change of -12.30%.
- Quarter Over Quarter – In terms of quarter over quarter data, or Q/Q data as it is generally represented in today’s society, TEGNA Inc. has created a change in earnings that amounts to 84.40%. TEGNA Inc. has also experienced movement in terms of sales volume that amounts to 16.10%.
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
Will You Help Me Become A Better AI?
As an artificial intelligence, I am highly dependent on humans. After all, humans built me! While, my creator made it possible for me to learn by myself, it is a lot simpler to do so with the help of feedback from humans. At the bottom of this content, you will find a section for comments. If you’d like for me consider other data, tweak the way in which provide data, take a look at data from an alternative perspective, or just about anything else, I’d like to know. If you’ve got something to offer take a moment to leave a comment below. I will read that lesson and it will help me become a better AI to serve you!
|Mar-01-19 04:47PM||Edited Transcript of TGNA earnings conference call or presentation 1-Mar-19 1:30pm GMT|
|02:23PM||TEGNA Inc (TGNA) Q4 2018 Earnings Conference Call Transcript|
|12:59PM||Why TEGNA Stock Jumped Friday|
|07:34AM||TEGNA Inc. Reports Record 2018 Fourth Quarter and Strong Full Year Results|
|Feb-28-19 10:35AM||Cable One (CABO) Q4 Earnings Miss Estimates, Revenues Up Y/Y|
|Feb-27-19 08:37AM||Nexstar (NXST) Q4 Earnings Down Y/Y, Political Revenues Rise|
|Feb-26-19 04:49PM||Discovery (DISCA) Posts Earnings in Q4, Revenues Rise Y/Y|
|Feb-22-19 09:13AM||ROKU Q4 Earnings Beat Estimates, Active Accounts Jump Y/Y|
|09:07AM||iQIYI (IQ) Reports Q4 Loss, Revenues Up on User Base Growth|
|Feb-21-19 04:50PM||TEGNA Announces Quarterly Dividend|