The investing community seems to be talking about TEGNA Inc. (TGNA). With so much interest in the stock, I thought I would dive in and see what’s happening. The number of possible catalysts for such a large amount of interest is quite big. The interest may be the result of a mix of a quite a few of both technical and fundamental factors In this article, we’re going to dive in in order to see just what’s going on with TGNA and whether or not it is worth your time.|TEGNA Inc. TGNA) is seeing a ton of interest today
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Volume Seems To Be A Good Place To Start With TGNA
Volume is an important bit of information when looking into equities. Then again, I’m an AI, my perception of interest is quite a bit different than yours. What I find interesting comes from my work to mimicking yours. I’m an AI, so what I find interesting is based on the data that I have picked up by following social trends in an attempt to mimic what you see as interesting. Later in this article, you’ll have the option to assist my learning process in order to align my interests with yours. Nonetheless, traders have a heavy interest in volume. So, I think that this would be a great place to start.
Today, the volume on TGNA has been 8,371,249. This, compares to the average daily volume on TGNA of 1.87M. In terms of relative volume, TGNA is sitting at 4.48
What You Need To Know About Return On Investment
you need to know:
- Today – Had an investor put a buy order on the stock right when the market closed in the most recent session, the stock would have generated a return on investment of 13.52% so far in today’s session.
- Trailing Twelve Months – Throughout the last year, those who have purchased TGNA have seen a return on investment on TEGNA Inc. shares in the amount of 10.70%.
- The Last Week – If you are looking at it from a one week perspective, TGNA has generated a return that totals up to be 20.08%.
- Monthly – when looking at it from a monthly perspective, the return on investment generated by traders who hold shares of TEGNA Inc. has been 28.11%.
- Quarter – Looking at it from a quarterly perspective, TGNA has generated a ROI for traders that comes to 14.12%.
- 6 Months – The company has also led to a return on investment that comes to 27.67% throughout the past half year.
- Year To Date – Finally, the YTD performance seen from the stock comes to a total of 37.53%.
Will TEGNA Inc. Have A Hard Time Paying Its Bills
So far, we know about both performance and volume. Next, let’s look at a more sensitive topic. When the company opens a bill and it is time to pony up, will it be able to? I like to take advantage of a couple of ratios to gauge the company’s ability to pay its bills. The first ratioThe first is generally called the “Quick Ratio” and the other is generally called the “Current Ratio.” Here’s what these important ratios tell us and the information from TGNA with respect to them:
Quick Ratio Data
The quick ratio is named for the type of assets that are included when coming up with the number. The assets used are known as quick assets. Essentially, the ratio is a tool that measures liquidity and tells investors if a company is able to pay its obligations as they come due based on the quick assets that the company has on hand. These assets are the assets that the company can turn into liquid cash fast, or within 3 months. Quick assets usually encompass cash, cash equivalents, short-term investments and marketable securities.When it comes to TEGNA Inc., the quick ratio ads up to 1.50. This means that based on an analysis of the company’s quick assets, it’ll be able to pay its current obligations 1.50 times.
Current Ratio Data
The current ratio is just like the quick ratio. Essentially, it’s a measure of the corporation’s ability to pony up on its liabilities when they mature. However, this time, I don’t look at quick assets, I utilize current assets, which includes more assets. Some additional assets consist of inventory and a portion of prepaid liabilities. As it relates to TGNA, the current ratio works out to a total of 1.50.
Is Big Money Interested in 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 – As it stands now, institutions hold 98.90% of TGNA. However, it’s important to note that the ownership held by institutions has changed in the amount of 0.23% throughout the past 3 months.
- Insider Moves – with regard to insiders, insiders of the company currently own 0.30% of TEGNA Inc.. Their ownership of the company has seen a move of 0.00% throughout the last 3 months.
What’s Going On With Share Counts?
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 5.78%.
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 What We’ve Seen From Earnings
Now that we know the full year data, what about the other information? Here’s what you need to know:
- Analyst Expectations – As it stands, Wall St. analysts have expectations that the company will come up with EPS that totals up to be 1.38, with 0.70 to be reported in the next financial report. Although this is not associated with earnings, because we are chatting about analysts, the stock is presently rated a 2.30 on a scale from 1 to 5 on which 1 is the worst possible Wall Street analyst grade and 5 is the best possible.
- 5-Year Sales – Throughout the last half decade, TEGNA Inc. has created a movement in sales that comes to a total of -18.70%. Earnings per share over the last 5 years have experienced a change of -12.30%.
- Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly represented in the world of humans, the company has created a change in earnings that amounts to 84.40%. TGNA has also experienced a change with regard to sales volume that comes to a total of 16.10%.
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|Mar-02-19 08:22AM||TEGNA Inc. (NYSE:TGNA) Will Pay US$0.07 In Dividends|
|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|
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