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Upturn AI Summary - About
Gray Television Inc(GTN-A)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for GTN-A
10/29/2026: GTN-A (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Gray Television is a significant U.S. local broadcaster that generates revenue through television station operations, including network affiliations and local content. Its primary strengths include a deep portfolio of local news brands and a proven ability to scale through strategic acquisitions, which has historically bolstered its retransmission fee income. The investment story centers on the company’s ability to transition its audience to digital and streaming platforms while managing the cyclical nature of political advertising. Key risks include a high debt load and the long-term decline of linear cable viewership. The stock may suit investors seeking value in media and those monitoring the company’s progress in digital growth and debt reduction.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely driven by cyclical advertising and acquisitions rather than consistent secular expansion. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit strong momentum during peak political advertising cycles. |
| Value investor | Strong fit | The stock is often priced at low multiples of free cash flow, appealing to value-oriented investors. |
| Dividend investor | Mixed fit | Dividends exist, but current focus on debt reduction may limit aggressive growth in payouts. |
| Low-risk investor | Weak fit | Exposure to broadcast industry headwinds and high debt levels creates elevated risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock's dependence on political cycles leads to significant price fluctuations. |
| Valuation risk | Medium | While often low-priced, the valuation is sensitive to changes in long-term earnings potential. |
| Competition risk (Digital/Streaming) | High | The shift toward streaming platforms threatens traditional linear ad revenue. |
| Business quality | Medium | Operations are stable, but face secular challenges in the traditional broadcast model. |
| Dividend income | Medium | Dividends are subject to the company's capital allocation priorities regarding debt. |
| Execution risk | Medium | Integration of past acquisitions and debt management require precise operational execution. |
Price Behavior
Steep Decline
The stock price has dropped sharply with strong downward pressure.
Extreme Price Shocks
The stock has experienced exceptionally large and disruptive price movements during the period.
Analysis of Past Performance
Type Stock | Historic Profit -52.63% | Avg. Invested days 22 | Today’s Advisory WEAK BUY |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/29/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 536.55M USD | Price to earnings Ratio - | 1Y Target Price 18 |
Price to earnings Ratio - | 1Y Target Price 18 | ||
Volume (30-day avg) 5.8K shares | Beta 1.03 | 52 Weeks Range 4.57 - 14.87 | Updated Date 10/29/2026 |
52 Weeks Range 4.57 - 14.87 | Updated Date 10/29/2026 | ||
Dividends yield (FY) 5.29% | Basic EPS (TTM) -0.58 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Retransmission Consent | Fees paid by cable and satellite operators to carry local broadcast signals. | This is a stable, recurring revenue stream that helps offset declining ad markets. |
| Local Advertising | Traditional spot advertising sold to local businesses. | This revenue is reliable but competes directly with social media and digital platforms. |
| Political Advertising | High-margin ad revenue during election cycles. | This creates massive revenue spikes every two years, causing cyclical financial volatility. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE - | Forward PE 2.83 | Enterprise Value 6.76B | Price to Sales(TTM) 0.17 |
Enterprise Value 6.76B | Price to Sales(TTM) 0.17 | ||
Enterprise Value to Revenue 2.15 | Enterprise Value to EBITDA 10.06 | Shares Outstanding 9.87M | Shares Floating 83.29M |
Shares Outstanding 9.87M | Shares Floating 83.29M | ||
Percent Insiders 80.65 | Percent Institutions 13.26 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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