GTN
Gray Television, Inc. Communication Services - Broadcasting Investor Relations →
Gray Television, Inc. (GTN) closed at $3.79 as of 2026-06-19, trading 35.2% below its 200-week moving average of $5.85. This places GTN in the extreme value zone. The stock is currently moving closer to the line, down from -35.0% last week. The 14-week RSI sits at 41, indicating neutral momentum.
Over the past 14 weeks, down-weeks have had more trading volume than up-weeks (0.66 buyers-vs-sellers ratio). That means when people are active, they're more often selling than buying. Sellers are still more in control than buyers.
Over the past 1194 weeks of data, GTN has crossed below its 200-week moving average 14 times. On average, these episodes lasted 44 weeks. Historically, investors who bought GTN at the start of these episodes saw an average one-year return of +37.4%.
With a market cap of $389 million, GTN is a small-cap stock. The company generates a free cash flow yield of 29.4%, which is notably high. Return on equity stands at -3.4%. The stock trades at 0.2x book value.
Share count has increased 9.7% over three years, indicating dilution. This stock also meets the Yartseva multibagger criteria as a small-cap with strong free cash flow yield and reasonable book value.
Over the past 22.9 years, a hypothetical investment of $100 in GTN would have grown to $45, compared to $1121 for the S&P 500. GTN has returned -3.4% annualized vs 11.1% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -22.8% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: GTN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After GTN Crosses Below the Line?
Across 14 historical episodes, buying GTN when it crossed below its 200-week moving average produced an average return of +40.5% after 12 months (median +10.0%), compared to +15.1% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +80.6% vs +28.5% for the index.
Each line shows $100 invested at the moment GTN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices GTN would reach each dislocation threshold.
Dislocation Price Levels
Prices where GTN's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-08-07.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $3.01 | Unusually cheap — potential buy zone |
| Value | +1σ | $3.53 | Cheap vs. own history |
| Fair Value | +0σ | $4.25 | Historical mean behavior |
| Expensive | -1σ | $5.35 | Expensive vs. own history |
| Deep Expensive | -2σ | $7.21 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from GTN's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
GTN has crossed below its 200-week MA 14 times with an average 1-year return of +37.4% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Sep 2003 | Sep 2003 | 1 | 1.9% | +17.2% | -42.9% |
| Jul 2004 | Aug 2004 | 4 | 4.9% | +11.6% | -50.2% |
| May 2005 | Jul 2005 | 8 | 13.6% | -32.3% | -51.5% |
| Aug 2005 | Mar 2007 | 83 | 44.9% | -37.1% | -47.3% |
| May 2007 | May 2007 | 1 | 5.5% | -56.8% | -45.6% |
| Jun 2007 | Jan 2012 | 242 | 97.4% | -60.2% | -47.9% |
| Apr 2012 | Apr 2012 | 2 | 4.8% | +211.3% | +188.7% |
| May 2012 | Jul 2012 | 12 | 22.3% | +287.4% | +178.8% |
| Jul 2016 | Aug 2016 | 1 | 3.7% | +52.0% | -51.0% |
| Sep 2016 | Jan 2017 | 18 | 25.4% | +45.9% | -51.5% |
| Mar 2018 | Jun 2018 | 14 | 14.9% | +75.5% | -60.4% |
| Mar 2020 | Nov 2020 | 36 | 37.5% | +29.9% | -67.8% |
| Jun 2022 | Jul 2022 | 5 | 7.1% | -57.6% | -73.6% |
| Sep 2022 | Ongoing | 196+ | 74.8% | Ongoing | -70.7% |
| Average | 44 | — | +37.4% | — |
Frequently Asked Questions
Is GTN below its 200-week moving average?
Yes. As of 2026-06-19, Gray Television, Inc. (GTN) is trading 35.2% below its 200-week moving average of $5.85. The current price is $3.79.
What is GTN's 200-week moving average price?
Gray Television, Inc.'s 200-week moving average is $5.85 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when GTN drops below its 200-week moving average?
GTN has crossed below its 200-week moving average 14 times in our data. On average, buying at that moment produced a one-year return of +37.4%. These dips have historically been decent entry points. These episodes lasted 44 weeks on average.
Is GTN a good value right now?
Here's what our data says about GTN as of 2026-06-19: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 41. Free cash flow yield is 29.4%. Return on equity is -3.4%. Price-to-book is 0.2x. This is not a buy or sell recommendation — always do your own research.
How does GTN compare to the S&P 500?
Over the past 22.9 years, $100 invested in GTN would have grown to $45, compared to $1121 for the S&P 500. That's -3.4% annualized vs 11.1% for the index. GTN has underperformed the broader market over this period.
Does GTN pay a dividend?
Yes. Gray Television, Inc. currently pays a dividend yield of 821.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19