E.W. Scripps Co (NASDAQ: SSP) is 36.65% higher on its value in year-to-date trading and has touched a low of $1.36 and a high of $4.65 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSP stock was last observed hovering at around $3.36 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $3.02, the stock is 51.95% and 49.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.99 million and changing -10.12% at the moment leaves the stock 29.21% off its SMA200. SSP registered -14.69% loss for a year compared to 6-month loss of 54.87%. The firm has a 50-day simple moving average (SMA 50) of $2.0256 and a 200-day simple moving average (SMA200) of $2.33745.
The stock witnessed a 70.62% gain in the last 1 month and extending the period to 3 months gives it a 41.12%, and is 10.62% 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 15.74% over the week and 12.26% over the month.
E.W. Scripps Co (SSP) has around 5000 employees, a market worth around $261.84M and $2.51B in sales. Current P/E ratio is 3.05 and Fwd P/E is 12.13. Profit margin for the company is 3.42%. Distance from 52-week low is 122.06% and -35.05% from its 52-week high. The company has generated returns on investments over the last 12 months (2.15%).
The EPS is expected to shrink by -187.16% this year
192.0 institutions hold shares in E.W. Scripps Co (SSP), with institutional investors hold 89.42% of the company’s shares. The shares outstanding are 74.69M, and float is at 71.95M with Short Float at 2.89%. Institutions hold 73.58% 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 3.8617 of the shares totaling 3.31 million with a market value of $10.39 million.
