In the last trading session, 1.29 million E.W. Scripps Co (NASDAQ:SSP) shares changed hands as the company’s beta touched 1.57. With the company’s per share price at $2.01 changed hands at -$0.27 or -11.84% during last session, the market valuation stood at $173.59M. SSP’s last price was a discount, traded about -365.17% off its 52-week high of $9.35. The share price had its 52-week low at $1.68, which suggests the last value was 16.42% up since then. When we look at E.W. Scripps Co’s average trading volume, we note the 10-day average is 1.42 million shares, with the 3-month average coming to 767.37K.
Analysts gave the E.W. Scripps Co (SSP) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.60. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SSP as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
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E.W. Scripps Co (NASDAQ:SSP) trade information
Instantly SSP was in red as seen at the end of in last trading. With action -12.23%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -74.84%, with the 5-day performance at -12.23% in the red. However, in the 30-day time frame, E.W. Scripps Co (NASDAQ:SSP) is -23.86% down. Looking at the short shares, we see there were 2.97 million shares sold at short interest cover period of 3.78 days.
E.W. Scripps Co (SSP) estimates and forecasts
Data shows that the E.W. Scripps Co share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -44.55% over the past 6 months, a 109.04% in annual growth rate that is considerably higher than the industry average of 10.60%.
The 2024 estimates are for E.W. Scripps Co earnings to increase by 443.51%, but the outlook for the next 5-year period is at 10.00% per year.
SSP Dividends
E.W. Scripps Co is expected to release its next quarterly earnings report in December. During the past 5 years, the average dividend yield was 9.44 per year.
E.W. Scripps Co (NASDAQ:SSP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.39% of E.W. Scripps Co shares while 80.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 97.69%. There are 80.70% institutions holding the E.W. Scripps Co stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.7608% of the shares, roughly 4.89 million SSP shares worth $15.36 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.2173% or 4.43 million shares worth $13.91 million as of 2024-06-30.
