E.W. Scripps Co (NASDAQ:SSP) price closed lower on Monday, March 17, and dropping -2.27% below its previous close.
A look at the daily price movement shows that the last close reads $2.64, with intraday deals fluctuated between $2.4 and $2.7. The company’s 5Y monthly beta was ticking 1.552 while its P/E ratio in the trailing 12-month period read 2.61. Taking into account the 52-week price action we note that the stock hit a 52-week high of $4.65 and 52-week low of $1.36. The stock added 34.38% on its value in the past month.
E.W. Scripps Co, which has a market valuation of $223.69 million, is expected to release its quarterly earnings report on 2025-Mar-10.
On average, analysts have forecast the company’s revenue for the quarter will hit 520.3M, with the likely lows of 518.7M and highs of 522M. The average estimate suggests sales growth for the quarter will likely fall by -7.33% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 2.17B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow -13.71% below that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give SSP a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned SSP a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the E.W. Scripps Co (SSP) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that SSP’s price is at present 43.65% off the SMA20 and 29.41% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.26, with weekly volatility standing at 19.27%. The indicator jumps to 10.73% when calculated based on the past 30 days. E.W. Scripps Co (NASDAQ:SSP)’s beta value is holding at 1.05, while the average true range (ATR) indicator is currently reading 0.23.
An analysis of the E.W. Scripps Co (NASDAQ:SSP) stock in terms of its daily trading volume indicates that the 3-month average is 994.94K. However, this figure increases on the past 10-day timeline to an average of 3.49 million.
Current records show that the company has 74.69M in outstanding shares. The insiders’ percentage holdings are 17.01% of outstanding shares while the percentage share held by institutions stands at 62.65%. The stats also highlight that short interest as of 2025-02-28, stood at 2.08 million shares, which puts the short ratio at the time at 4.3. From this we can glean that short interest is 485.00 of company’s current outstanding shares. Notably, we see that shares short in February fall slightly given the previous month’s figure stood at 2.17 million. But the 16.74% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
