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After finishing at $1.79 in the prior trading day, E.W. Scripps Co (NASDAQ: SSP) closed at $1.76, down -1.68%. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 0.79 million shares were traded. SSP stock price reached its highest trading level at $1.83 during the session, while it also had its lowest trading level at $1.74.
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 4.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.75. 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 151998000 and an Enterprise Value of 3419504128. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06 while its Price-to-Book (P/B) ratio in mrq is 0.19. Its current Enterprise Value per Revenue stands at 1.426 whereas that against EBITDA is 7.274.
Stock Price History:
Over the past 52 weeks, SSP has reached a high of $9.35, while it has fallen to a 52-week low of $1.68. The 50-Day Moving Average of the stock is -24.61%, while the 200-Day Moving Average is calculated to be -44.90%.
Shares Statistics:
The stock has traded on average 780.05K shares per day over the past 3-months and 1544980 shares per day over the last 10 days, according to various share statistics. A total of 72.84M shares are outstanding, with a floating share count of 71.74M. Insiders hold about 16.93% of the company’s shares, while institutions hold 66.61% stake in the company. Shares short for SSP as of 1730332800 were 2602910 with a Short Ratio of 3.34, compared to 1727654400 on 3608950. Therefore, it implies a Short% of Shares Outstanding of 2602910 and a Short% of Float of 6.0700003.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 9.44.
