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Gray Media, Inc. (GTN)

Communication Services | Broadcasting | Atlanta, United States | NYSE
4.83 USD +0.04 (0.835%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 4.82 -0.01 (-0.006%) ⇩ (Aug. 28, 2026, 7:30 p.m. EDT)
Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | Aug. 22, 2026, 5:47 a.m. EDT

The immediate outlook is a classic 'bull trap' scenario. While the stock recently rallied off its lows and analysts are optimistic, the underlying business is fundamentally broken. The company is losing money, has a negative forward P/E, and carries a crushing debt load relative to equity. The massive gap between the current price and the 52-week high, combined with the lack of any meaningful put protection, suggests the market is pricing in a miracle turnaround rather than a sustainable recovery. The recent price surge appears to be a speculative bid based on revenue growth headlines, ignoring the fact that the company is burning cash. For a long-term holder, the multi-year trajectory shows a catastrophic decline from its peak, and the current valuation offers no margin of safety against the risk of further deterioration. The dividend yield is attractive only because the share price has collapsed, but paying out nearly 75% of negative earnings is unsustainable and likely to continue eroding capital.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.048895
MSTL0.049216
AutoTheta0.122466
AutoARIMA0.286502

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 20%
H-stat 8.81
Ljung-Box p 0.001
Jarque-Bera p 0.000
Excess Kurtosis 10.93
Attribute Value
Sector Communication Services
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 215.799
Revenue per Share 32.122
Market Cap 497,414,560
Forward P/E -6.90
Beta 0.96
Profit Margins -0.83%
Previous Name Gray Television, Inc.
Website https://graymedia.com

As of Aug. 22, 2026, 5:47 a.m. EDT: Speculators are overwhelmingly bullish on the upside, evidenced by massive open interest in out-of-the-money calls (strikes 7.5 and 10.0) compared to negligible put activity. This creates a highly skewed risk profile where downside protection is virtually non-existent while upside potential is priced in. Implied volatility is elevated for longer-dated contracts, suggesting uncertainty about whether the stock can sustain its recent recovery.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.11% 6.83% 6.47% 4.81%
Dividend History
Date Dividend Yield %
2026-06-15 0.080 2.105263
2026-03-13 0.080 1.727862
2025-12-15 0.080 1.559454
2025-09-15 0.080 1.433692
2025-06-13 0.080 2.088773
2025-03-14 0.080 1.843318
2024-12-13 0.080 2.150538
2024-09-13 0.080 1.606426
2024-06-14 0.080 1.626016
2024-03-14 0.080 1.367521
2023-12-14 0.080 0.898876
2023-09-14 0.080 1.003764
2023-06-14 0.080 1.081081
2023-03-14 0.080 0.855615
2022-12-14 0.080 0.677966
2022-09-14 0.080 0.429876
2022-06-14 0.080 0.433369
2022-03-14 0.080 0.352423
2021-12-14 0.080 0.402415
2021-09-14 0.080 0.381134
2021-06-14 0.080 0.353513
2021-03-12 0.080 0.387222
2008-09-11 0.030 1.621622
2008-06-23 0.030 0.923077
2008-03-20 0.030 0.502513
2007-12-12 0.030 0.371747
2007-09-12 0.030 0.352526
2007-06-13 0.030 0.311850
2007-03-21 0.030 0.312500
2006-12-13 0.030 0.452489
2006-09-13 0.030 0.443131
2006-06-13 0.030 0.505902
2006-01-03 1.225 13.286334
2005-12-12 0.030 0.305188
2005-09-13 0.030 0.248963
2005-06-13 0.030 0.269784
2005-03-11 0.030 0.219780
2004-12-10 0.150 0.979112
2004-09-13 0.030 0.232019
2004-06-14 0.030 0.214286
2004-03-11 0.030 0.207182
2003-12-11 0.020 0.139082
2003-09-11 0.020 0.153374
2003-06-11 0.020 0.157480
2003-03-12 0.020 0.225734
2002-12-11 0.020 0.200000
2002-09-11 0.020 0.186047
Additional Data
dividendRate 0.32
dividendYield 6.68
exDividendDate 2026-09-15
trailingAnnualDividendRate 0.32
trailingAnnualDividendYield 0.06680585
lastDividendValue 0.08
lastDividendDate 2026-06-15
dividendDate 2026-09-30

Info Dump

Attribute Value
52 Week Change -0.1729452
Address1 4,370 Peachtree Road, NE
Address2 Suite 400
All Time High 25.31
All Time Low 0.16
Ask 5.06
Ask Size 2,200
Audit Risk 6
Average Daily Volume10 Day 918,310
Average Daily Volume3 Month 1,271,369
Average Volume 1,271,369
Average Volume10Days 918,310
Beta 0.958
Bid 4.77
Bid Size 2,200
Board Risk 8
Book Value 21.696
City Atlanta
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 4.83
Current Ratio 0.952
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 4.885
Day Low 4.77
Debt To Equity 215.799
Display Name Gray Media
Dividend Date 1,790,726,400
Dividend Rate 0.32
Dividend Yield 6.68
Earnings Call Timestamp End 1,786,114,800
Earnings Call Timestamp Start 1,786,114,800
Earnings Timestamp 1,786,105,800
Earnings Timestamp End 1,793,968,200
Earnings Timestamp Start 1,793,968,200
Ebitda 688,000,000
Ebitda Margins 0.21855
Enterprise To Ebitda 9.862
Enterprise To Revenue 2.155
Enterprise Value 6,784,743,936
Eps Current Year 2.65
Eps Forward -0.7
Eps Trailing Twelve Months -0.58
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 4.2994
Fifty Day Average Change 0.5306001
Fifty Day Average Change Percent 0.12341259
Fifty Two Week Change Percent -17.29452
Fifty Two Week High 6.44
Fifty Two Week High Change -1.6100001
Fifty Two Week High Change Percent -0.25000003
Fifty Two Week Low 3.55
Fifty Two Week Low Change 1.28
Fifty Two Week Low Change Percent 0.36056337
Fifty Two Week Range 3.55 - 6.44
Financial Currency USD
First Trade Date Milliseconds 1,030,714,200,000
Five Year Avg Dividend Yield 4.72
Float Shares 82,607,029
Forward Eps -0.7
Forward P E -6.9
Free Cashflow 155,124,992
Full Exchange Name NYSE
Full Time Employees 9,165
Fullday Change 0.04
Fullday Change Percent 0.835072
Fullday Price 4.824
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.26048002
Gross Profits 820,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.07138
Held Percent Institutions 0.82776
Implied Shares Outstanding 102,984,383
Industry Broadcasting
Industry Disp Broadcasting
Industry Key broadcasting
Ir Website http://phx.corporate-ir.net/phoenix.zhtml?c=104784&p=irol-stockquote
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.08
Last Fiscal Year End 1,767,139,200
Long Business Summary 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. The company was formerly known as Gray Television, Inc. and changed its name to Gray Media, Inc. in July 2002. Gray Media, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.
Long Name Gray Media, Inc.
Market us_market
Market Cap 497,414,560
Market State CLOSED
Max Age 86,400
Message Board Id finmb_322777
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-08-29
Net Income To Common -58,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 511,652,105
Number Of Analyst Opinions 5
Open 4.79
Operating Cashflow 250,000,000
Operating Margins 0.18594
Overall Risk 8
Payout Ratio 0.7442
Peg Ratio 0.12
Phone 404 504 9828
Post Market Change -0.006000042
Post Market Change Percent -0.12422448
Post Market Price 4.824
Post Market Time 1,787,959,805
Prev Name Gray Television, Inc.
Previous Close 4.79
Price Eps Current Year 1.8226414
Price Hint 4
Price To Book 0.22262168
Price To Sales Trailing12 Months 0.15800971
Profit Margins -0.00826
Quick Ratio 0.716
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.04
Regular Market Change Percent 0.835072
Regular Market Day High 4.885
Regular Market Day Low 4.77
Regular Market Day Range 4.77 - 4.885
Regular Market Open 4.79
Regular Market Previous Close 4.79
Regular Market Price 4.83
Regular Market Time 1,787,947,202
Regular Market Volume 1,007,331
Return On Assets 0.0273
Return On Equity -0.00935
Revenue Growth 0.087
Revenue Per Share 32.122
Sand P52 Week Change 0.20204377
Sector Communication Services
Sector Disp Communication Services
Sector Key communication-services
Share Holder Rights Risk 10
Shares Outstanding 93,115,076
Shares Percent Shares Out 0.0
Shares Short 1,579
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 4,229
Short Name Gray Media, Inc.
Short Percent Of Float 0.0
Short Ratio 0.0
Source Interval 15
State GA
Symbol GTN
Target High Price 11.0
Target Low Price 3.0
Target Mean Price 6.5
Target Median Price 6.5
Total Cash 176,000,000
Total Cash Per Share 1.794
Total Debt 5,887,000,064
Total Revenue 3,148,000,000
Tradeable 0
Trailing Annual Dividend Rate 0.32
Trailing Annual Dividend Yield 0.06680585
Trailing Eps -0.58
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 4.63615
Two Hundred Day Average Change 0.19385004
Two Hundred Day Average Change Percent 0.04181272
Type Disp Equity
Volume 1,007,331
Website https://graymedia.com
Zip 30,319