E.W. Scripps Co [SSP] stock is trading at $3.07, down -2.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The SSP shares have lost -2.23% over the last week, with a monthly amount drifted -13.52%, and not seem to be holding up well over a long-time horizon.
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 a Neutral rating and provided a target price of $19 on this stock.
E.W. Scripps Co [SSP] stock has fluctuated between $1.36 and $4.17 over the past year. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. E.W. Scripps Co [NASDAQ: SSP] shares were valued at $3.07 at the most recent close of the market. An investor can expect a potential drop of -2.28% based on the average SSP price forecast.
Analyzing the SSP fundamentals
E.W. Scripps Co [NASDAQ:SSP] reported sales of 2.44B for the trailing twelve months, which represents a drop of -5.85%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 2.96 points at the first support level, and at 2.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.23, and for the 2nd resistance point, it is at 3.39.
Ratios To Look Out For
For context, E.W. Scripps Co’s Current Ratio is 1.27. On the other hand, the Quick Ratio is 1.27, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.31 and price to earnings (TTM) ratio is 6.31.
