GTN · Gray Media, Inc
$5.23
+0.18 (+3.56%)
At close · Aug 14
Market Cap
$520.07M
Shares
102.98M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$5.05
Open$4.94
Day$4.92–5.07
52W close$3.58–6.24
Avg vol 30d1.3M
Short int5.4M · 5.2% float · 5.1d
Short vol34%
Last earningsAug 7, 2026
DataJan 2020–Aug 2026
Filing10-Q · Aug 7
Up next
Next earnings call
Nov 7, 2026
Est · unconfirmed
· in 12 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 7, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Buy
Momentum
Strong
Sentiment
Bearish
Fundamentals
Weak
Quant / Vol
Very High
Market backdrop
VIX 14.6 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+9%
above
Price vs 50-day avg
+24%
above
RSI (14)
65
neutral
MACD trend
Positive
52-week position
55%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+25%
trailing
6-month return
+4%
trailing
YTD return
+4%
this year
Relative strength
−9%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow
Distributing
145 of 198 funds reported for Jun 30 · net -2.0M sh shares · +10 new
Insider flow
Distributing
Net -$250.7K over 90 days · 100% sells
Short interest
Rising
5.20% of float · ▲ +0.2% MoM · 5.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
198 holders — near 3-yr low, contrarian setup
Squeeze score
81
high risk · 0–100
Fundamentals
Revenue growth
−15%
Y/Y
EPS growth
−142%
Y/Y
Free cash flow
$181.0M
Buyback
$250.0M
authorized
Balance sheet
$5.4B
net debt
Quant / Vol
risk profile
Volatility
64%
annualized · 1-yr
Max drawdown
−43%
past year
ATR
5.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed May 7, 2026
Three Months Ended June 30, 2026
Political advertising revenue
$60M – $70M
Total revenue
$780M – $800M
Total broadcasting expense
$545M – $550M
Total corporate and administrative expense
$30M – $35M
Year Ending December 31, 2026
Interest expense, excluding amortization of deferred financing c
$440M
Amortization of deferred financing costs
$16M
Preferred stock dividends
$52M
Common stock dividends
$33M
Capital expenditures
$140M
Income tax payments, excluding refunds
$90M – $110M
Prior guidance
period ended
· from the Earnings Call filed Mar 31, 2026
Political revenue
· Q2
$60M – $70M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+9%
Bullish
Price vs 50-day avg
+24%
Bullish
RSI (14)
65
Neutral
MACD trend
Positive
Bullish
52-week position
55%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $4 › 200d $5 — 200d above 50d
Institutional flow
Distributing
145 of 198 funds reported for Jun 30 · net -2.0M sh shares · +10 new
Insider flow
Distributing
Net -$250.7K over 90 days · 100% sells
Short interest
Rising
5.20% of float · ▲ +0.2% MoM · 5.1 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
198 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $4
Now $5 · 55%
Range high $6
vs 200-day avg +9%
vs 50-day avg +24%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | $368M | Six Months Ended June 30, 2026 | — |
|
|
|||
| Consolidated First Lien Net Debt non-GAAP | $2.53B | June 30, 2026 | — |
| Consolidated First Lien Net Leverage Ratio | 2.55 | As of June 30, 2026 | — |
| Consolidated Secured Net Debt non-GAAP | $3.69B | June 30, 2026 | — |
| Consolidated Secured Net Leverage Ratio | 3.71 | As of June 30, 2026 | — |
| Consolidated Total Net Debt non-GAAP | $5.7B | June 30, 2026 | — |
| Consolidated Total Net Leverage Ratio | 5.73 | As of June 30, 2026 | — |
| Core advertising | $357M | FY2026 Q2 | -1.1% |
|
|
|||
| Full-power television markets | 117 | As of June 30, 2026 | — |
| Markets with the first and/or second highest rated television station | 101 | As of June 30, 2026 | — |
| Markets with the top-rated television station | 78 | As of June 30, 2026 | — |
| Net Retransmission Revenue non-GAAP | $150M | the second quarter of 2026 | — |
|
|
|||
| Political advertising | $83M | FY2026 Q2 | +822.2% |
|
|
|||
| Retransmission consent | $359M | FY2026 Q2 | -2.7% |
|
|
|||
| Telemundo Affiliate group markets | 46 | As of June 30, 2026 | — |
| US television household reach | 37% | As of June 30, 2026 | — |
| Capital Expenditures | $19M | first quarter of 2026 | — |
| Assembly Atlanta gross capital expenditures | $34M | FY2025 | — |
| Capital expenditures, excluding capital expenditures related to Assembly Atlanta | $74M | FY2025 | — |
| Doraville CID reimbursements | $33M | FY2025 | — |
| Federal and state income tax payments | $38M | FY2025 | — |
| Total broadcasting expense | $2.24B | FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Broadcasting — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GTN
this stock
Gray Media, Inc
|
$520.07M | +4.3% | -15.1% | — | 5.2% |
|
SKPJF
SKY Perfect JSAT Holdings Inc
|
$6.34B | — | — | — | 0.1% |
|
NXST
Nexstar Media Group, Inc.
|
$5.70B | -7.1% | -8.5% | 35.1 | 7.3% |
|
MLMC
FrankSpeech Network, Inc.
|
$4.01B | -46.3% | -91.5% | — | 0.0% |
|
SGBAF
Ses S.A.
|
$2.69B | -4.2% | — | — | 0.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GTN | +18.0% | +25.0% | +3.7% | +25.0% | +4.3% |
| SPY | +1.2% | +3.6% | +12.8% | +4.1% | +14.1% |
| vs SPY | +16.8% | +21.4% | -9.1% | +20.9% | -9.7% |
Capital returns
Latest dividend
$0.08
/ share · ex Jun 15, 2026
Declared · upcoming
$0.08
/ share · ex Sep 15, 2026
Paid (TTM)
$0.32
/ share · 4 payouts
Dividend yield (TTM, derived)
6.34%
Buyback program
· as of Aug 6, 2026
Authorized
$250.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
43196
CUSIP
389375106
13F (30d)
123 filings
121 filers
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