Stock Rating Downgrade
In the last week the Value Trend Rating for The Scripps (E.W.) Co (NASDAQ: SSP) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
The Scripps (E.W.) Co (NASDAQ: SSP) stock declined by -4.8% on 3/18/24. The shares closed at $3.54. Moreover, trading volume in this decline was unusually high at 161% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -16.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, SSP is expected to continue to be a Value Builder.
Scripps (E.W.) has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Scripps (E.W.) has a very high Appreciation Score of 86 but a very low Power Rating of 2, leading to the Negative Value Trend Rating.
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