The E.W. Scripps Company (NASDAQ: SSP) is -24.50% lower on its value in year-to-date trading and has touched a low of $12.04 and a high of $23.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SSP stock was last observed hovering at around $14.35 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $14.61, the stock is 12.17% and 4.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 1.81% at the moment leaves the stock -20.56% off its SMA200. SSP registered -23.31% loss for a year compared to 6-month loss of -25.72%.
The stock witnessed a 15.22% gain in the last 1 month and extending the period to 3 months gives it a -17.36%, and is 10.10% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.89% over the week and 4.03% over the month.
The E.W. Scripps Company (SSP) has around 5600 employees, a market worth around $1.23B and $2.31B in sales. Current P/E ratio is 15.98 and Fwd P/E is 8.83. Profit margin for the company is 3.90%. Distance from 52-week low is 21.35% and -38.12% from its 52-week high. The company has generated returns on investments over the last 12 months (8.40%).
The E.W. Scripps Company is expected to release its quarterly report on 11/11/2022.The EPS is expected to shrink by -58.70% this year.
The E.W. Scripps Company (SSP) Top Institutional Holders
The shares outstanding are 82.79M, and float is at 58.69M with Short Float at 2.06%.
The E.W. Scripps Company (SSP) Insider Activity
A total of 9 insider transactions have happened at The E.W. Scripps Company (SSP) in the last six months, with sales accounting for 4 and purchases happening 5 times. The most recent transaction is an insider sale by Scripps William H.,the company’s10% Owner. SEC filings show that Scripps William H. sold 20,000 shares of the company’s common stock on Jun 03 at a price of $15.48 per share for a total of $0.31 million. Following the sale, the insider now owns 56940.0 shares.
The E.W. Scripps Company disclosed in a document filed with the SEC on Jun 02 that Scripps William H. (10% Owner) sold a total of 43,000 shares of the company’s common stock. The trade occurred on Jun 02 and was made at $15.48 per share for $0.67 million. Following the transaction, the insider now directly holds 76940.0 shares of the SSP stock.
Still, SEC filings show that on May 17, Granado Anthony S. (10% Owner) acquired 660 shares at an average price of $15.86 for $10468.0. The insider now directly holds 20,660 shares of The E.W. Scripps Company (SSP).
The E.W. Scripps Company (SSP): Who are the competitors?
The company’s main competitors (and peers) include DallasNews Corporation (DALN) that is trading 5.75% up over the past 12 months and The New York Times Company (NYT) that is -28.78% lower over the same period. Nexstar Media Group Inc. (NXST) is 27.46% up on the 1-year trading charts.