The Scripps (E.W.) Co (NASDAQ: SSP) stock closed at $3.97 on 2/28/24 after a major decline of -15.1%. Moreover, trading volume in this decline was exceptionally high at 276% of normal. Relative to the market the stock has been weak over the last nine months and has declined -30.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above 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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Scripps (E.W.) has a very high Appreciation Score of 98 but a poor Power Rating of 16, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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