Tegna Inc Stock Price Prediction

TGNA Stock  USD 18.71  0.19  1.03%   
The relative strength momentum indicator of Tegna's share price is above 70 at this time. This usually implies that the stock is becoming overbought or overvalued. The idea behind Relative Strength Index (RSI) is that it helps to track how fast people are buying or selling Tegna, making its price go up or down.

Oversold Vs Overbought

71

 
Oversold
 
Overbought
The successful prediction of Tegna's future price could yield a significant profit. We analyze noise-free headlines and recent hype associated with Tegna Inc, which may create opportunities for some arbitrage if properly timed. Below are the key fundamental drivers impacting Tegna's stock price prediction:
Quarterly Earnings Growth
0.861
EPS Estimate Next Quarter
1.44
EPS Estimate Current Year
3.1472
EPS Estimate Next Year
1.9678
Wall Street Target Price
21.1
Using Tegna hype-based prediction, you can estimate the value of Tegna Inc from the perspective of Tegna response to recently generated media hype and the effects of current headlines on its competitors.

Tegna Inc Hype to Price Pattern

Investor biases related to Tegna's public news can be used to forecast risks associated with an investment in Tegna. The trend in average sentiment can be used to explain how an investor holding Tegna can time the market purely based on public headlines and social activities around Tegna Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Tegna's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Tegna.
The fear of missing out, i.e., FOMO, can cause potential investors in Tegna to buy its stock at a price that has no basis in reality. In that case, they are not buying Tegna because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

Tegna after-hype prediction price

    
  USD 19.34  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out Tegna Basic Forecasting Models to cross-verify your projections.
Intrinsic
Valuation
LowRealHigh
18.6620.9523.24
Details
Naive
Forecast
LowNextHigh
15.8818.1720.46
Details
6 Analysts
Consensus
LowTargetHigh
19.1121.0023.31
Details
Earnings
Estimates (0)
LowProjected EPSHigh
0.740.790.92
Details

Tegna After-Hype Price Prediction Density Analysis

As far as predicting the price of Tegna at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Tegna or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Tegna, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

Tegna Estimiated After-Hype Price Volatility

In the context of predicting Tegna's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Tegna's historical news coverage. Tegna's after-hype downside and upside margins for the prediction period are 17.05 and 21.63, respectively. We have considered Tegna's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
18.71
19.34
After-hype Price
21.63
Upside
Tegna is very steady at this time. Analysis and calculation of next after-hype price of Tegna Inc is based on 3 months time horizon.

Tegna Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as Tegna is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Tegna backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Tegna, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.44 
2.29
  0.63 
  0.04 
7 Events / Month
6 Events / Month
In about 7 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
18.71
19.34
3.37 
159.03  
Notes

Tegna Hype Timeline

Tegna Inc is at this time traded for 18.71. The entity has historical hype elasticity of 0.63, and average elasticity to hype of competition of -0.04. Tegna is estimated to increase in value after the next headline, with the price projected to jump to 19.34 or above. The average volatility of media hype impact on the company the price is about 159.03%. The price jump on the next news is projected to be 3.37%, whereas the daily expected return is at this time at 0.44%. The volatility of related hype on Tegna is about 2469.61%, with the expected price after the next announcement by competition of 18.67. Tegna Inc currently holds 3.16 B in liabilities with Debt to Equity (D/E) ratio of 1.14, which is about average as compared to similar companies. Given the investment horizon of 90 days the next estimated press release will be in about 7 days.
Check out Tegna Basic Forecasting Models to cross-verify your projections.

Tegna Related Hype Analysis

Having access to credible news sources related to Tegna's direct competition is more important than ever and may enhance your ability to predict Tegna's future price movements. Getting to know how Tegna's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Tegna may potentially react to the hype associated with one of its peers.
Hype
Elasticity
News
Density
Semi
Deviation
Information
Ratio
Potential
Upside
Value
At Risk
Maximum
Drawdown
SSPE W Scripps(0.12)11 per month 7.82  0.03  10.66 (7.24) 59.20 
GTN-AGray Television 0.18 9 per month 6.26 (0.01) 9.09 (8.30) 45.90 
IHRTiHeartMedia Class A(0.07)9 per month 4.21  0.12  12.67 (6.91) 30.98 
CMLSCumulus Media Class(0.03)8 per month 0.00 (0.29) 4.62 (6.58) 26.58 
LSXMBLiberty Media 0.00 9 per month 2.02 (0) 3.74 (1.60) 20.01 
BBGIBeasley Broadcast Group(0.73)9 per month 0.00 (0.17) 5.40 (8.00) 29.56 
SALMSalem Media Group 0.00 0 per month 0.00 (0.08) 4.26 (5.05) 12.48 
GTNGray Television(0.44)10 per month 0.00 (0.04) 5.37 (4.44) 36.50 
AUDAAudacy Inc 0.00 0 per month 0.00  0.00  0.00  0.00  0.00 
LPTVLoop Media 0.00 0 per month 0.00 (0.08) 16.67 (25.00) 93.46 
LSXMKLiberty Media 0.19 8 per month 1.75 (0.02) 2.96 (2.90) 6.73 

Tegna Additional Predictive Modules

Most predictive techniques to examine Tegna price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Tegna using various technical indicators. When you analyze Tegna charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About Tegna Predictive Indicators

The successful prediction of Tegna stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Tegna Inc, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Tegna based on analysis of Tegna hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Tegna's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Tegna's related companies.
 2021 2022 2023 2024 (projected)
Dividend Yield0.01910.01790.02630.0525
Price To Sales Ratio1.371.451.091.21

Story Coverage note for Tegna

The number of cover stories for Tegna depends on current market conditions and Tegna's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Tegna is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Tegna's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

Tegna Short Properties

Tegna's future price predictability will typically decrease when Tegna's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Tegna Inc often depends not only on the future outlook of the potential Tegna's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Tegna's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding207.9 M
Cash And Short Term Investments361 M

Complementary Tools for Tegna Stock analysis

When running Tegna's price analysis, check to measure Tegna's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Tegna is operating at the current time. Most of Tegna's value examination focuses on studying past and present price action to predict the probability of Tegna's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tegna's price. Additionally, you may evaluate how the addition of Tegna to your portfolios can decrease your overall portfolio volatility.
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