E.W. Scripps Co. (NASDAQ: SSP) is -71.84% lower on its value in year-to-date trading and has touched a low of $1.68 and a high of $9.35 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 $2.20 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $2.25, the stock is 17.85% and -5.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.82 million and changing 2.27% at the moment leaves the stock -44.87% off its SMA200. SSP registered -56.90% loss for a year compared to 6-month loss of -34.78%. The firm has a 50-day simple moving average (SMA 50) of $2.3482 and a 200-day simple moving average (SMA200) of $4.0517.
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The stock witnessed a 20.32% gain in the last 1 month and extending the period to 3 months gives it a -25.99%, and is 28.57% 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 11.07% over the week and 8.33% over the month.
E.W. Scripps Co. (SSP) has around 5200 employees, a market worth around $193.77M and $2.32B in sales. Profit margin for the company is -13.39%. Distance from 52-week low is 33.93% and -75.93% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.50%).
The EPS is expected to grow by 447.66% this year
206.0 institutions hold shares in E.W. Scripps Co. (SSP), with institutional investors hold 97.30% of the company’s shares. The shares outstanding are 72.84M, and float is at 71.51M with Short Float at 6.12%. Institutions hold 80.32% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 4.89 million shares valued at $15.36 million. The investor’s holdings represent 5.7608 of the SSP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.43 million shares valued at $13.91 million to account for 5.2173 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 3.92 million shares representing 4.6202 and valued at over $12.31 million, while D. E. SHAW & CO., INC. holds 3.8973 of the shares totaling 3.31 million with a market value of $10.39 million.
E.W. Scripps Co. (SSP) Insider Activity
The most recent transaction is an insider purchase by Scagliotti R. Michael, the company’s 10% 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 28 ’24 that Scripps John Patrick (10% Owner) bought a total of 2,100 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $4.50 per share for $9460.0. Following the transaction, the insider now directly holds 3236.0 shares of the SSP stock.
Still, SEC filings show that on Feb 29 ’24, Barmonde Charles L. (Director) acquired 10,500 shares at an average price of $4.28 for $44970.0. The insider now directly holds 642,401 shares of E.W. Scripps Co. (SSP).
