E.W. Scripps Co (SSP) stock hits $2.10: Is it a good time to buy or wait for a dip?

E.W. Scripps Co [SSP] stock prices are up 6.60% to $2.10 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SSP shares have gain 19.32% over the last week, with a monthly amount drifted -17.97%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

From an analyst’s perspective:

E.W. Scripps Co [NASDAQ: SSP] stock has seen the most recent analyst activity on November 09, 2022, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $11 from $20. On November 11, 2019, The Benchmark Company reiterated its Buy rating and revised its price target to $24 on the stock. The Benchmark Company reiterated its Buy rating and increased its price target to $26 on March 04, 2019. Gabelli & Co initiated its recommendation with a Buy. The Benchmark Company reiterated a Buy rating for this stock on November 06, 2017, and downed its price target to $20. In a note dated October 18, 2017, Guggenheim initiated an Neutral rating and provided a target price of $19 on this stock.

The stock price of E.W. Scripps Co [SSP] has been fluctuating between $1.68 and $9.35 over the past year. E.W. Scripps Co [NASDAQ: SSP] shares were valued at $2.10 at the most recent close of the market.

Analyzing the SSP fundamentals

The E.W. Scripps Co [NASDAQ:SSP] reported sales of 2.40B for trailing twelve months, representing a surge of 14.08%. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.17 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.26.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.99 points at the first support level, and at 1.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.16, and for the 2nd resistance point, it is at 2.21.

Ratios To Look Out For

It’s worth pointing out that E.W. Scripps Co [NASDAQ:SSP]’s Current Ratio is 1.34. In addition, the Quick Ratio stands at 1.34 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 0.08, the price to book ratio is 0.23.

Transactions by insiders

Recent insider trading involved Scagliotti R. Michael, 10% Owner, that happened on Mar 13 ’24 when 2300.0 shares were purchased. 10% Owner, Scripps John Patrick completed a deal on Feb 28 ’24 to buy 2100.0 shares. Meanwhile, Director Barmonde Charles L. bought 10500.0 shares on Feb 29 ’24.

Related Posts