SSP Should I Buy
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E.W. Scripps Co (SSP) is not a strong buy at the moment for a beginner investor with a long-term strategy. The company's financial performance is weak, with significant revenue and net income declines. While technical indicators show some bullish momentum, the lack of strong trading signals, neutral sentiment from hedge funds and insiders, and no recent congress trading activity suggest limited immediate upside. The recent asset sale could improve financial stability, but the overall picture remains uncertain. Holding or waiting for further clarity is recommended.
The stock shows bullish moving averages (SMA_5 > SMA_20 > SMA_200), a positive MACD histogram (0.0455), and neutral RSI (50.456). Key support and resistance levels are Pivot: 3.568, R1: 3.832, S1: 3.304. However, the stock has a 70% chance of declining -2.15% in the next week and -5.41% in the next month.
The company recently sold its Court TV network to optimize its asset portfolio and strengthen its financial position. Analysts have raised the price target from $3 to $3.90, citing constructive fundamentals.
The company's financial performance in Q3 2025 was poor, with revenue down -18.64% YoY, net income down -248.40% YoY, and EPS down -244.83% YoY. Gross margin also dropped significantly. No significant trading trends from hedge funds or insiders, and no recent congress trading data.
In Q3 2025, revenue dropped to $525.85M (-18.64% YoY), net income fell to -$49.02M (-248.40% YoY), and EPS declined to -$0.42 (-244.83% YoY). Gross margin decreased to 33.72% (-24.83% YoY). Overall, the financial performance shows significant deterioration.
Wells Fargo raised the price target to $3.90 from $3 and maintained an Equal Weight rating. Analysts believe fears around the status quo in the broadcast industry are overdone and see constructive fundamentals.
