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E.W. Scripps Co. (SSP) Stock Could Soon Reward Patient Investors

E.W. Scripps Co. (NASDAQ: SSP) is -58.95% lower on its value in year-to-date trading and has touched a low of $3.39 and a high of $11.02 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 $3.72 in the last trading session, with the day’s loss setting it -0.44%.

Currently trading at $3.28, the stock is -17.41% and -40.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.43 million and changing -11.83% at the moment leaves the stock -53.74% off its SMA200. SSP registered -64.27% loss for a year compared to 6-month loss of -40.15%. The firm has a 50-day simple moving average (SMA 50) of $1.61 and a 200-day simple moving average (SMA200) of -$6.16.

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The stock witnessed a -12.77% gain in the last 1 month and extending the period to 3 months gives it a -58.95%, and is -13.91% down 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 11.13% over the week and 10.03% over the month.

E.W. Scripps Co. (SSP) has around 5200 employees, a market worth around $277.55M and $2.29B in sales. Profit margin for the company is -43.53%. Distance from 52-week low is -3.24% and -70.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.93%).

E.W. Scripps Co. quarterly earnings per share for the current quarter are estimated at -$0.17 with sales reaching $566.43M over the same period.The EPS is expected to grow by 388.30% this year, but quarterly earnings will post 9.10% year-over-year. Quarterly sales are estimated to grow 7.30% in year-over-year returns.

E.W. Scripps Co. (SSP) Top Institutional Holders

245 institutions hold shares in E.W. Scripps Co. (SSP), with institutional investors hold 96.44% of the company’s shares. The shares outstanding are 72.84M, and float is at 60.77M with Short Float at 7.70%. Institutions hold 79.79% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 10.02 million shares valued at $91.69 million. The investor’s holdings represent 14.58% of the SSP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 7.92 million shares valued at $72.48 million to account for 11.52% of the shares outstanding. The other top investors are Victory Capital Management Inc. which holds 7.21 million shares representing 10.50% and valued at over $66.01 million, while Dimensional Fund Advisors LP holds 7.37% of the shares totaling 5.06 million with a market value of $46.32 million.

E.W. Scripps Co. (SSP) Insider Activity

The most recent transaction is an insider purchase by Scagliotti R. Michael,the company’s10% Owner. SEC filings show that Scagliotti R. Michael bought 2,300 shares of the company’s common stock on Mar 13 ’24 at a price of $4.16 per share for a total of $9568.0. Following the purchase, the insider now owns 41747.0 shares.

E.W. Scripps Co. disclosed in a document filed with the SEC on Feb 29 ’24 that Barmonde Charles L. (Director) bought a total of 10,500 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $4.28 per share for $44970.0. Following the transaction, the insider now directly holds 0.64 million shares of the SSP stock.

Still, SEC filings show that on Feb 28 ’24, Scripps John Patrick (10% Owner) acquired 2,100 shares at an average price of $4.50 for $9460.0. The insider now directly holds 3,236 shares of E.W. Scripps Co. (SSP).

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