The Scripps (E.W.) Co (NASDAQ: SSP) stock closed at $3.86 on 3/20/24 after a major increase of 10.9%. Moreover, above average trading volume at 126% of normal accompanied the advance. The stock has declined -7.7% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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). This rating combines very contradictory signals from two proprietary PTR 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, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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