E.W. Scripps Co. (NASDAQ:SSP) price on current trading day, rose 6.61% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.58.
A look at the stock’s price movement, the close in the last trading session was $2.42, moving within a range at $2.405 and $2.65. The beta value (5-Year monthly) was 1.747. Turning to its 52-week performance, $9.35 and $1.68 were the 52-week high and 52-week low respectively. Overall, SSP moved 40.22% over the past month.
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E.W. Scripps Co.’s market cap currently stands at around $222.19 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-01.
Analysts have a consensus estimate of 625.45M for the company’s revenue for the quarter, with a low and high estimate of 620M and 630.8M respectively. The average forecast suggests up to a 10.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.47B, representing a 7.90% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SSP is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 75% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend SSP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SSP’s current price about 31.68% and 11.01% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.59, while 7-day volatility ratio is 11.01% and 9.40% in the 30-day chart. Further, E.W. Scripps Co. (SSP) has a beta value of 1.73, and an average true range (ATR) of 0.21.
If we refocus on E.W. Scripps Co. (NASDAQ:SSP), historical trading data shows that trading volumes averaged 1.05 over the past 10 days and 682.31K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.84 million shares.
The 16.97% of E.W. Scripps Co.’s shares are in the hands of company insiders while institutional holders own 68.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.38 million on 2024-09-13, giving us a short ratio of 7.25. The data shows that as of 2024-09-13 short interest in E.W. Scripps Co. (SSP) stood at 1026.0 of shares outstanding, with shares short rising to 3.83 million registered in 2024-08-15. Current price change has pushed the stock -67.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SSP stock continues to rise going into the next quarter.
