The Scripps (E.W.) Co (NASDAQ: SSP) stock closed at $3.61 on 5/10/24 after a major decline of -22.0%. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has declined -14.6% 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 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 D (Negative). 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 82 but a very low Power Rating of 2, resulting in 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.
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