E.W. Scripps Co [NASDAQ: SSP] gained 39.87% or 1.22 points to close at $4.28 with a heavy trading volume of 12168005 shares.
It opened the trading session at $3.69, the shares rose to $4.44 and dropped to $3.43, the range by which the price of stock traded the whole day. The daily chart for SSP points out that the company has recorded 82.91% gains over the past six months.
If we look at the average trading volume of 689.30K shares, SSP reached to a volume of 12168005 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 $5.62 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 Price to Book ratio for the last quarter was 0.45, with the Price to Cash per share for the same quarter was set at 0.62. Price to Free Cash Flow for SSP in the course of the last twelve months was 3.11 with Quick ratio for the last quarter at 1.61.
Trading performance analysis for SSP stock
E.W. Scripps Co [SSP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 51.77. With this latest performance, SSP shares gained by 97.24% in over the last four-week period, additionally plugging by 82.91% over the last 6 months – not to mention a rise of 93.67% 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 82.24, with the RSI for the last a single of trading hit 0.36, and the three-weeks RSI is set at 0.25 for E.W. Scripps Co [SSP]. The present Moving Average for the last 50 days of trading for this stock 2.59, while it was recorded at 3.31 for the last single week of trading, and 2.59 for the last 200 days.
E.W. Scripps Co [SSP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and E.W. Scripps Co [SSP] shares currently have an operating margin of 13.14% and a Gross Margin at 37.82%. E.W. Scripps Co’s Net Margin is presently recorded at -1.71%.
E.W. Scripps Co (SSP) Capital Structure & Debt Analysis
According to recent financial data for E.W. Scripps Co. ( SSP), the Return on Equity (ROE) stands at 1.81%, suggesting modest shareholder returns. The Return on Assets (ROA) is 0.43%, reflecting the company’s efficiency in generating profits from its assets. Additionally, E.W. Scripps Co’s Return on Invested Capital (ROIC) is -0.99%, showcasing its effectiveness in deploying capital for earnings.
E.W. Scripps Co (SSP) Efficiency & Liquidity Metrics
Based on E.W. Scripps Co’s (SSP) latest financial statements, the Debt-to-Equity Ratio is 2.21%, indicating its reliance on debt financing relative to shareholder equity.
E.W. Scripps Co (SSP) Efficiency & Liquidity Metrics
From an operational efficiency perspective, E.W. Scripps Co. (SSP) effectively leverages its workforce, generating an average of -$7952.0 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.61% and a Quick Ratio of 1.61%, indicating strong ability to cover short-term liabilities.
E.W. Scripps Co [SSP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, E.W. Scripps Co posted 0.92/share EPS, while the average EPS was predicted by analysts to be reported at 1.02/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.1. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SSP.
An analysis of Institutional ownership at E.W. Scripps Co [SSP]
There are presently around $73.40%, or 89.20%% 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 5.7082%. 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 4.5781%.
