The stock price of E.W. Scripps Co. (NASDAQ: SSP) has surged by 10.00 when compared to previous closing price of 4.20, but the company has seen a 9.48% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-09 that E.W. Scripps (SSP) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.17 per share a year ago.
Is It Worth Investing in E.W. Scripps Co. (NASDAQ: SSP) Right Now?
Company’s 36-month beta value is 1.84.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for SSP is 60.49M, and currently, short sellers hold a 6.46% ratio of that floaft. The average trading volume of SSP on May 10, 2024 was 1.18M shares.
SSP’s Market Performance
SSP’s stock has seen a 9.48% increase for the week, with a 38.95% rise in the past month and a -18.45% fall in the past quarter. The volatility ratio for the week is 7.40%, and the volatility levels for the past 30 days are at 7.17% for E.W. Scripps Co. The simple moving average for the last 20 days is 23.63% for SSP stock, with a simple moving average of -27.32% for the last 200 days.
Analysts’ Opinion of SSP
Many brokerage firms have already submitted their reports for SSP stocks, with Wells Fargo repeating the rating for SSP by listing it as a “Equal Weight.” The predicted price for SSP in the upcoming period, according to Wells Fargo is $11 based on the research report published on November 09, 2022 of the previous year 2022.
Guggenheim, on the other hand, stated in their research note that they expect to see SSP reach a price target of $11. The rating they have provided for SSP stocks is “Buy” according to the report published on October 22nd, 2020.
The Benchmark Company gave a rating of “Buy” to SSP, setting the target price at $24 in the report published on November 11th of the previous year.
SSP Trading at 21.44% from the 50-Day Moving Average
After a stumble in the market that brought SSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.08% of loss for the given period.
Volatility was left at 7.17%, however, over the last 30 days, the volatility rate increased by 7.40%, as shares surge +42.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.23% upper at present.
During the last 5 trading sessions, SSP rose by +9.48%, which changed the moving average for the period of 200-days by -50.90% in comparison to the 20-day moving average, which settled at $3.81. In addition, E.W. Scripps Co. saw -42.18% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SSP starting from Scagliotti R. Michael, who purchase 2,300 shares at the price of $4.16 back on Mar 13 ’24. After this action, Scagliotti R. Michael now owns 41,747 shares of E.W. Scripps Co., valued at $9,568 using the latest closing price.
Barmonde Charles L., the Director of E.W. Scripps Co., purchase 10,500 shares at $4.28 during a trade that took place back on Feb 29 ’24, which means that Barmonde Charles L. is holding 642,401 shares at $44,970 based on the most recent closing price.
Stock Fundamentals for SSP
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.23 for the gross margin
The net margin for E.W. Scripps Co. stands at -0.41. The total capital return value is set at -0.09. Equity return is now at value -57.67, with -16.01 for asset returns.
Based on E.W. Scripps Co. (SSP), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 2.54. The interest coverage ratio of the stock is -2.16.
Currently, EBITDA for the company is 394.82 million with net debt to EBITDA at 7.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 3.76for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.41.
Conclusion
In a nutshell, E.W. Scripps Co. (SSP) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
