Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The Scripps (E.W.) Co (NASDAQ: SSP) improved of late. SSP’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 4/8/24, The Scripps (E.W.) Co (NASDAQ: SSP) stock increased 1.6%, closing at $3.48. However, unusually low trading volume at 60% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months and has declined -11.3% 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 modest Value Builder.
Scripps (E.W.) has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Scripps (E.W.) has a good Appreciation Score of 84 but a very low Power Rating of 6, resulting in the Low Neutral Value Trend Rating.
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