E.W. Scripps Co. (NASDAQ:SSP) shares, rose in value, with the stock price up by 0.66% to the previous day’s close as strong demand from buyers drove the stock to $3.81.
Actively observing the price movement in the last trading, the stock closed the session at $3.78. Referring to stock’s 52-week performance, its high was $11.02, and the low was $2.93. On the whole, SSP has fluctuated by -0.13% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SSP’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SSP currently trading nearly 8.48% and -8.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.94, while the 7-day volatility ratio is showing 8.84% which for the 30-day chart, stands at 9.13%. Furthermore, E.W. Scripps Co. (SSP)’s beta value is 1.91, and its average true range (ATR) is 0.33.
A comparison of E.W. Scripps Co. (SSP) with its peers suggests the former has fared considerably weaker in the market. SSP showed an intraday change of 0.66% in last session, and over the past year, it shrunk by -58.14%%.
Data on historical trading for E.W. Scripps Co. (NASDAQ:SSP) indicates that the trading volumes over the past 3 months, they’ve averaged 1.11 million. According to company’s latest data on outstanding shares, there are 72.84 million shares outstanding.
Nearly 28.19% of E.W. Scripps Co.’s shares belong to company insiders and institutional investors own 68.61% of the company’s shares. The stock has fallen by -52.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SSP stock heading into the next quarter.
