The E.W. Scripps Company (NASDAQ:SSP) shares fell to a low of $21.01 before closing at $21.39. Intraday shares traded counted 0.53 million, which was -3.9% lower than its 30-day average trading volume of 510.22K. SSP’s previous close was $21.45 while the outstanding shares total 81.90M. The firm has a beta of 2.13, a 12-month trailing P/E ratio of 11.84, and a growth ratio of 1.18. The stock’s Relative Strength Index (RSI) is 53.27, with weekly volatility at 3.67% and ATR at 0.86. The SSP stock’s 52-week price range has touched low of $7.86 and a $24.78 high. The stock traded lower over the last trading session, losing -0.28% on 05/26/21.
Investors have identified the Broadcasting company The E.W. Scripps Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.74 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
The E.W. Scripps Company (SSP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For SSP, the company has in raw cash 538.18 million on their books with 18.61 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.07 billion total, with 431.81 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.79 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on SSP sounds very interesting.
Is the stock of SSP attractive?
In related news, Director, BOEHNE RICHARD A sold 100,000 shares of the company’s stock in a transaction that recorded on Mar 12. The sale was performed at an average price of 24.30, for a total value of 2,430,420. As the sale deal closes, the SVP, Fin. Strat.& Special Proj, Lyons Douglas F now sold 14,602 shares of the company’s stock, valued at 326,810. Also, VP/Audit and Compliance, Koors Mark L sold 9,073 shares of the company’s stock in a deal that was recorded on Mar 05. The shares were price at an average price of 22.39 per share, with a total market value of 203,172. Following this completion of acquisition, the President, National Networks, Knutson Lisa A now holds 5,499 shares of the company’s stock, valued at 121,596. In the last 6 months, insiders have changed their ownership in shares of company stock by 12.70%.