In last trading session, E.W. Scripps Co (NASDAQ:SSP) saw 1.12 million shares changing hands with its beta currently measuring 1.60. Company’s recent per share price level of $2.40 trading at $0.05 or 2.13% at ring of the bell on the day assigns it a market valuation of $206.69M. That closing price of SSP’s stock is at a discount of -289.58% from its 52-week high price of $9.35 and is indicating a premium of 30.0% from its 52-week low price of $1.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.19 million shares which gives us an average trading volume of 757.32K if we extend that period to 3-months.
For E.W. Scripps Co (SSP), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.94 in the current quarter.
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E.W. Scripps Co (NASDAQ:SSP) trade information
Upright in the green during last session for gaining 2.13%, in the last five days SSP remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $2.40 price level, adding 40.89% to its value on the day. E.W. Scripps Co’s shares saw a change of -69.96% in year-to-date performance and have moved -28.46% in past 5-day. E.W. Scripps Co (NASDAQ:SSP) showed a performance of -3.61% in past 30-days. Number of shares sold short was 2.97 million shares which calculate 3.78 days to cover the short interests.
E.W. Scripps Co (SSP) estimates and forecasts
Statistics highlight that E.W. Scripps Co is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -48.05% of value to its shares in past 6 months, showing an annual growth rate of 109.04% while that of industry is 0.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 9.40% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 723.27M for the same. And 3 analysts are in estimates of company making revenue of 529.87M in the next quarter. Company posted 615.77M and 561.46M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around 443.51% while estimates for its earnings growth in next 5 years are of 10.00%.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
Insiders are in possession of 17.39% of company’s total shares while institution are holding 79.99 percent of that, with stock having share float percentage of 96.84%. Investors also watch the number of corporate investors in a company very closely, which is 79.99% institutions for E.W. Scripps Co that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SSP for having 4.89 million shares of worth $15.36 million. And as of 2024-06-30, it was holding 5.7608 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 4.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.2173 of outstanding shares, having a total worth of $13.91 million.
