E.W. Scripps Co [NASDAQ: SSP] gained 3.64% on the last trading session, reaching $2.28 price per share at the time.
If compared to the average trading volume of 711.93K shares, SSP reached a trading volume of 244809 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about E.W. Scripps Co [SSP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SSP shares is $5.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SSP stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for E.W. Scripps Co shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 09, 2022. While these analysts kept the previous recommendation, Guggenheim raised their target price to Buy. The new note on the price target was released on October 22, 2020, representing the official price target for E.W. Scripps Co stock. Previously, the target price had yet another drop from $25 to $24, while The Benchmark Company kept a Buy rating on SSP stock. On March 04, 2019, analysts increased their price target for SSP shares from 22 to 26.
The Average True Range (ATR) for E.W. Scripps Co is set at 0.20, with the Price to Sales ratio for SSP stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.25, with the Price to Cash per share for the same quarter was set at 0.40. Price to Free Cash Flow for SSP in the course of the last twelve months was 0.98 with Quick ratio for the last quarter at 1.34.
Trading performance analysis for SSP stock
E.W. Scripps Co [SSP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.39. With this latest performance, SSP shares gained by 6.54% in over the last four-week period, additionally sinking by -29.63% over the last 6 months – not to mention a drop of -70.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SSP stock in for the last two-week period is set at 51.38, with the RSI for the last a single of trading hit 50.91, and the three-weeks RSI is set at 51.10 for E.W. Scripps Co [SSP]. The present Moving Average for the last 50 days of trading for this stock 2.14, while it was recorded at 2.23 for the last single week of trading, and 2.65 for the last 200 days.
E.W. Scripps Co [SSP]: A deeper dive into fundamental analysis
E.W. Scripps Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.34 and a Current Ratio set at 1.34.
An analysis of Institutional ownership at E.W. Scripps Co [SSP]
There are presently around $77.16%, or 93.43%% of SSP stock, in the hands of institutional investors. The top three institutional holders of SSP stocks are: BLACKROCK INC. with ownership of 4.89 million shares, which is approximately 5.7608%. VANGUARD GROUP INC, holding 4.43 million shares of the stock with an approximate value of $$13.91 million in SSP stocks shares; and VANGUARD GROUP INC, currently with $$12.31 million in SSP stock with ownership which is approximately 4.6202%.
