Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of E.W. Scripps Co (NASDAQ: SSP) was $1.41 for the day, down -6.00% from the previous closing price of $1.50. In other words, the price has decreased by -$6.00 from its previous closing price. On the day, 0.54 million shares were traded.
Ratios:
Our analysis of SSP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.61. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05 while its Price-to-Book (P/B) ratio in mrq is 0.15.
Stock Price History:
Over the past 52 weeks, SSP has reached a high of $4.65, while it has fallen to a 52-week low of $1.41. The 50-Day Moving Average of the stock is -28.35%, while the 200-Day Moving Average is calculated to be -39.79%.
Shares Statistics:
A total of 74.43M shares are outstanding, with a floating share count of 71.63M. Insiders hold about 17.06% of the company’s shares, while institutions hold 62.90% stake in the company.
