Extremely significant negative changes in The Scripps (E.W.) Co (NASDAQ: SSP) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent notable negative changes in fundamentals have affected The Scripps (E.W.) Co (NASDAQ: SSP): the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
SSP is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
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 good Appreciation Score of 83 but a very low Power Rating of 1, and the Negative Value Trend Rating results.
Recent Price Action
The Scripps (E.W.) Co (NASDAQ: SSP) stock closed at $3.93 on 3/28/24 after a slight decline of -0.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 322% of normal. The stock has risen 1.8% during the last week but has been extremely weak relative to the market over the last nine months.
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