Trade-Ideas LLC identified

Gray Television

(

GTN

) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Gray Television as such a stock due to the following factors:

  • GTN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
  • GTN has traded 815,807 shares today.
  • GTN is up 8.4% today.
  • GTN was down 5% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in GTN with the Ticky from Trade-Ideas. See the FREE profile for GTN NOW at Trade-Ideas

More details on GTN:

Gray Television, Inc., a television broadcast company, owns and/or operates television stations and digital assets in the United States. GTN has a PE ratio of 17. Currently there are 2 analysts that rate Gray Television a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for Gray Television has been 790,600 shares per day over the past 30 days. Gray Television has a market cap of $729.8 million and is part of the services sector and media industry. The stock has a beta of 2.81 and a short float of 6.5% with 2.99 days to cover. Shares are down 39.3% year-to-date as of the close of trading on Friday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.

TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Gray Television as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, increase in net income, expanding profit margins and growth in earnings per share. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.2%. Since the same quarter one year prior, revenues rose by 30.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 60.7% when compared to the same quarter one year prior, rising from $5.60 million to $8.99 million.
  • 37.51% is the gross profit margin for GRAY TELEVISION INC which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 5.17% trails the industry average.
  • GRAY TELEVISION INC has improved earnings per share by 20.0% in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, GRAY TELEVISION INC reported lower earnings of $0.57 versus $0.82 in the prior year. This year, the market expects an improvement in earnings ($1.71 versus $0.57).

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.