Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
After finishing at $2.16 in the prior trading day, E.W. Scripps Co (NASDAQ: SSP) closed at $2.00, down -7.41%. In other words, the price has decreased by -$7.41 from its previous closing price. On the day, 0.98 million shares were traded. SSP stock price reached its highest trading level at $2.21 during the session, while it also had its lowest trading level at $1.98.
Ratios:
Our goal is to gain a better understanding of SSP by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.86. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 2.37 whereas as Long-Term Debt/Eq ratio is at 2.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on November 09, 2022, Downgraded its rating to Equal Weight and sets its target price to $11 from $20 previously.
The Benchmark Company reiterated its Buy rating for the stock on November 11, 2019, while the target price for the stock was revised from $25 to $24.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Scagliotti R. Michael bought 2,300 shares for $4.16 per share. The transaction valued at 9,568 led to the insider holds 41,747 shares of the business.
Scripps John Patrick bought 2,100 shares of SSP for $9,460 on Feb 28 ’24. The 10% Owner now owns 3,236 shares after completing the transaction at $4.50 per share. On Feb 29 ’24, another insider, Barmonde Charles L., who serves as the Director of the company, bought 10,500 shares for $4.28 each. As a result, the insider paid 44,970 and bolstered with 642,401 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SSP now has a Market Capitalization of 172724992 and an Enterprise Value of 3440230912. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.22. Its current Enterprise Value per Revenue stands at 1.435 whereas that against EBITDA is 7.318.
Stock Price History:
The Beta on a monthly basis for SSP is 1.47, which has changed by -0.74905896 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, SSP has reached a high of $9.15, while it has fallen to a 52-week low of $1.68. The 50-Day Moving Average of the stock is -6.00%, while the 200-Day Moving Average is calculated to be -23.45%.
Shares Statistics:
The stock has traded on average 710.96K shares per day over the past 3-months and 408580 shares per day over the last 10 days, according to various share statistics. A total of 74.43M shares are outstanding, with a floating share count of 71.91M. Insiders hold about 16.74% of the company’s shares, while institutions hold 65.54% stake in the company. Shares short for SSP as of 1736899200 were 2154016 with a Short Ratio of 3.03, compared to 1734048000 on 3028187. Therefore, it implies a Short% of Shares Outstanding of 2154016 and a Short% of Float of 5.0200000000000005.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.44.
