The stock of E.W. Scripps Co (SSP) has seen a -12.23% decrease in the past week, with a -23.86% drop in the past month, and a -1.95% decrease in the past quarter. The volatility ratio for the week is 10.70%, and the volatility levels for the past 30 days are at 13.89% for SSP. The simple moving average for the past 20 days is -24.66% for SSP’s stock, with a -38.89% simple moving average for the past 200 days.
Is It Worth Investing in E.W. Scripps Co (NASDAQ: SSP) Right Now?
The 36-month beta value for SSP is also noteworthy at 1.57. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SSP is 71.74M, and at present, short sellers hold a 3.63% of that float. The average trading volume of SSP on November 13, 2024 was 767.37K shares.
SSP) stock’s latest price update
The stock of E.W. Scripps Co (NASDAQ: SSP) has decreased by -11.84 when compared to last closing price of 2.28.Despite this, the company has seen a loss of -12.23% in its stock price over the last five trading days. prnewswire.com reported 2024-11-11 that TAMPA, Fla., Nov. 11, 2024 /PRNewswire/ — The E.W.
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 -13.92% 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 -78.50% of loss for the given period.
Volatility was left at 13.89%, however, over the last 30 days, the volatility rate increased by 10.70%, as shares sank -21.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.49% upper at present.
During the last 5 trading sessions, SSP fell by -12.23%, which changed the moving average for the period of 200-days by -76.95% in comparison to the 20-day moving average, which settled at $2.67. In addition, E.W. Scripps Co saw -74.84% 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.
Scripps John Patrick, the 10% Owner of E.W. Scripps Co, purchase 2,100 shares at $4.50 during a trade that took place back on Feb 28 ’24, which means that Scripps John Patrick is holding 3,236 shares at $9,460 based on the most recent closing price.
Stock Fundamentals for SSP
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- -1.99 for the gross margin
The net margin for E.W. Scripps Co stands at -0.33. The total capital return value is set at 0.02. Equity return is now at value -15.64, with -3.77 for asset returns.
Based on E.W. Scripps Co (SSP), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.26. The interest coverage ratio of the stock is 1.33.
Currently, EBITDA for the company is 394.82 million with net debt to EBITDA at 17.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.7. The receivables turnover for the company is 1.12for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
In summary, E.W. Scripps Co (SSP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
