Gray Television is a holding company. Through its subsidiaries, Co. is a multimedia company. Co. is an owner of local television stations and digital assets in the U.S. Co.'s television stations serve 113 television markets. Co. also owns video program companies, Raycom Sports, Tupelo Honey, PowerNation Studios and Third Rail Studios. Co. has investments in several television, production and technology companies. Co. has two types of syndicated television program contracts: first run programs and off network reruns. First run programs are programs such as Wheel of Fortune and off network reruns are programs such as The Big Bang Theory. We show 54 historical shares outstanding datapoints in our GTN shares outstanding history coverage, used to compute GTN market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GTN market cap history over the course of time is important for investors
interested in comparing GTN's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GTN versus a peer is one thing; comparing
GTN market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GTN can fluctuate over the course of history.
With this page we aim to empower investors researching GTN by allowing them to research the GTN market cap history. |
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Video: The Importance of Market Cap
