E.W. Scripps Co (NASDAQ:SSP) does about 1.41M shares in volume on a normal day but saw 887708 shares change hands in the recent trading day. The company now has a market cap of 206.12M USD. Its current market price is $2.35, marking an increase of 5.38% compared to the previous close of $2.23. The 52 week high reached by this stock is $4.06 whilst the lowest price level in 52 weeks is $1.36.
The consensus objective for the share price is $5.58, suggesting that the stock has a potential upside of 57.89% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 09, 2022 when Wells Fargo downgraded the stock to “Equal Weight” and issued a price target of between $20 and $11. The Benchmark Company reiterated its price target at $25-$24.
The current price level is 1.12%, -2.02%, and 6.06% away from its SMA20, SMA50, and SMA200 respectively, with the SSP price moving above the 50-day SMA on current market day. E.W. Scripps Co (SSP) stock is up 2.62% over the week and -4.08% over the past month. Its price is 6.33% year-to-date and -12.96% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $532.36M, which analysts say will come at $2.17B for the current fiscal year and next year at $2.39B. In addition, estimates put the company’s current quarterly revenue at an average of $544.17M.
To reach the target analysts have set, the stock logically needs to grow 57.89 percent from here.
Outstanding shares total 75.78M with insiders holding 17.97% of the shares and institutional holders owning 73.22% of the company’s common stock. The company has a return on investment of 2.00% and return on equity of 11.23%. The price to earnings ratio (P/E ratio) amounts to 2.55. The beta has a value of 1.02. Price to book ratio is 0.23 and price to sales ratio is 0.08.
