On Monday, E.W. Scripps Co (NASDAQ: SSP) opened lower -6.00% from the last session, before settling in for the closing price of $1.50. Price fluctuations for SSP have ranged from $1.41 to $4.65 over the past 52 weeks.
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A company in the Communication Services sector has jumped its sales by 15.32% annually for the last half of the decade. Company’s average yearly earnings per share was noted 443.51% at the time writing. With a float of $71.63 million, this company’s outstanding shares have now reached $74.43 million.
In an organization with 5200 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 40.49%, operating margin of 12.54%, and the pretax margin is -7.58%.
E.W. Scripps Co (SSP) Insider Updates
A key investor’s attitude towards the stock of the Broadcasting industry is another important factor to consider. The insider ownership of E.W. Scripps Co is 17.06%, while institutional ownership is 62.90%. The most recent insider transaction that took place on Mar 13 ’24, was worth 9,568. In this transaction 10% Owner of this company bought 2,300 shares at a rate of $4.16, taking the stock ownership to the 41,747 shares.
E.W. Scripps Co (SSP) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 443.51% per share during the next fiscal year.
E.W. Scripps Co (NASDAQ: SSP) Trading Performance Indicators
Check out the current performance indicators for E.W. Scripps Co (SSP). In the past quarter, the stock posted a quick ratio of 1.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.05. Likewise, its price to free cash flow for the trailing twelve months is 0.61.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.11, a number that is poised to hit 1.01 in the next quarter and is forecasted to reach -0.64 in one year’s time.
Technical Analysis of E.W. Scripps Co (SSP)
Let’s dig in a bit further. During the last 5-days, its volume was 0.38 million. That was inferior than the volume of 0.46 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.42%. Additionally, its Average True Range was 0.14.
During the past 100 days, E.W. Scripps Co’s (SSP) raw stochastic average was set at 0.75%, which indicates a significant decrease from 3.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 63.96% in the past 14 days, which was lower than the 106.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9678, while its 200-day Moving Average is $2.3417. However, in the short run, E.W. Scripps Co’s stock first resistance to watch stands at $1.4833. Second resistance stands at $1.5567. The third major resistance level sits at $1.6033. If the price goes on to break the first support level at $1.3633, it is likely to go to the next support level at $1.3167. Assuming the price breaks the second support level, the third support level stands at $1.2433.
E.W. Scripps Co (NASDAQ: SSP) Key Stats
There are currently 86,363K shares outstanding in the company with a market cap of 121.77 million. Presently, the company’s annual sales total 2,293 M according to its annual income of -998,090 K. Last quarter, the company’s sales amounted to 646,300 K and its income totaled 47,780 K.
