On 4/2/24, The Scripps (E.W.) Co (NASDAQ: SSP) stock suffered a major decline of -11.8%, closing at $3.28. Moreover, this decline was accompanied by exceptionally high trading volume at 1178% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -5.6% during the last week.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Scripps (E.W.) has a good Appreciation Score of 83 but a very low Power Rating of 1, producing the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment