What does Average Directional Index Predict about TEGNA Inc. (NYSE:TGNA)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of TEGNA Inc. (NYSE:TGNA) for the period of 9-Day stands at 14.24% while the stochastic %D for the same period stands at 11.66%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of TEGNA Inc. (NYSE:TGNA) signals “Sell” while other important signals like the 20-Day Moving Average Vs. Price signals “Sell”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for TEGNA Inc. (NYSE:TGNA) while 20-100 Day MACD Oscillator indicates “Sell”.

Bollinger band is a volatility indicator of a certain security, currently TEGNA Inc. (NYSE:TGNA)’s 20-Day Bollinger Band indicates “Hold”.

About Company

TEGNA owns the broadcasting assets of the legacy Gannett company following its June 2015 split into two publicly traded companies – a broadcasting and digital company called TEGNA, Inc. (Ticker: TGNA) and a publishing company called Gannett Co., Inc. (Ticker: GCI). TEGNA owns 64 television stations and is the largest independent television station group of major network affiliates in the top 25 markets. TEGNA’s digital assets include sites like Cars.com, CareerBuilder and others.

Previous Day Activity Analysis

On the last trading day, TEGNA Inc. (NYSE:TGNA) opened the session at $12.62 and after going up 0.16% closed at $12.66. The stock gained 0.04 points in the last trade.

TEGNA Inc. (NYSE:TGNA)’s stock fluctuated in the range of $12.59 and $12.78 during the previous active session. TEGNA Inc. (NYSE:TGNA) traded with the volume of 1.11 Million with average volume of 2.57 Million. The stock has HIGH volatility on the last trading session.

Currently the Beta for the company remains at 1.57 while ATR (Average True Range) and RSI (Relative Strength Index) are at 0.28 and 44.93 respectively.

Currently the Insider Ownership of the shares of TEGNA Inc. (NYSE:TGNA) is at 0.33% and the shares outstanding are 215.5 Million.

Important Ratio Analysis

Some important ratios to consider here for TEGNA Inc. (NYSE:TGNA) are discussed below:

Dividend yield of TEGNA Inc. (NYSE:TGNA) stands at 2.21% whereas Price to Earnings P/E ratio stands at 6.84 while Forward P/E shows the value of 7.88.

The PEG ratio (Price to Earning to Growth) emits the value of 3.42. The Price to Sale P/S and Price to Book P/B shows the value of 1.01 and 4.21 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 41.53 and 5.82 correspondingly.

The Quick Ratio of TEGNA Inc. (NYSE:TGNA) stands at 2.5 while the Current Ratio depicts the value of 2.5.

Return on Assets ROA of TEGNA Inc. (NYSE:TGNA) is at 2.3% whereas, Return on Equity ROE and Return of Investment ROI of TEGNA Inc. (NYSE:TGNA) stand at 9.7% and 12% respectively.

The payout ratio of TEGNA Inc. (NYSE:TGNA) stands at 67.1%.

Stock Performance Analysis

The stock performance of TEGNA Inc. (NYSE:TGNA) on the basis of 5 day trade show the dip of -2.31% whereas, the monthly performance of the stock shows increase of 3.26%.

The quarterly performance of the stock remained in red zone with the value of -11.53% while six month performance of the shares of TEGNA Inc. (NYSE:TGNA) remained bearish with the count of -22.39%.

The yearly and YTD performance of TEGNA Inc. (NYSE:TGNA) remained down at -0.9% and -7.62% respectively.