Clear Channel Outdoor Holdings Inc. (NYSE:CCO) went up by 3.05% from its latest closing price compared to the recent 1-year high of $2.28. The company’s stock price has collected 14.69% of gains in the last five trading sessions. Barron’s reported on 04/02/21 that Clear Channel Outdoor, Babcock & Wilcox See Activist Action
Is It Worth Investing in Clear Channel Outdoor Holdings Inc. (NYSE :CCO) Right Now?
Plus, the 36-month beta value for CCO is at 2.54. Opinions of the stock are interesting as 2 analysts out of 7 who provided ratings for Clear Channel Outdoor Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $2.30, which is $0.11 above the current price. CCO currently public float of 463.65M and currently shorts hold a 4.65% ratio of that float. Today, the average trading volume of CCO was 3.54M shares.
CCO’s Market Performance
CCO stocks went up by 14.69% for the week, with a monthly jump of 7.98% and a quarterly performance of 27.67%, while its annual performance rate touched 332.65%. The volatility ratio for the week stands at 5.34% while the volatility levels for the past 30 days are set at 7.14% for Clear Channel Outdoor Holdings Inc.. The simple moving average for the period of the last 20 days is 2.53% for CCO stocks with a simple moving average of 45.77% for the last 200 days.
CCO Trading at 2.57% from the 50-Day Moving Average
After a stumble in the market that brought CCO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.96% of loss for the given period.
Volatility was left at 7.14%, however, over the last 30 days, the volatility rate increased by 5.34%, as shares surge +6.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.00% upper at present.
During the last 5 trading sessions, CCO rose by +14.69%, which changed the moving average for the period of 200-days by +65.04% in comparison to the 20-day moving average, which settled at $1.99. In addition, Clear Channel Outdoor Holdings Inc. saw 23.03% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CCO starting from MORELAND W BENJAMIN, who purchase 400,000 shares at the price of $1.18 back on Aug 12. After this action, MORELAND W BENJAMIN now owns 996,255 shares of Clear Channel Outdoor Holdings Inc., valued at $473,200 using the latest closing price.
PACIFIC INVESTMENT MANAGEMENT , the 10% Owner of Clear Channel Outdoor Holdings Inc., sale 14,907 shares at $0.92 during a trade that took place back on Jul 29, which means that PACIFIC INVESTMENT MANAGEMENT is holding 104,872,541 shares at $13,710 based on the most recent closing price.
Stock Fundamentals for CCO
Current profitability levels for the company are sitting at:
- -8.77 for the present operating margin
- +21.10 for the gross margin
The net margin for Clear Channel Outdoor Holdings Inc. stands at -31.42. The total capital return value is set at -3.42, while invested capital returns managed to touch -13.62. Equity return is now at value 23.90, with -10.10 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 3.91, with the company’s debt to enterprise value settled at 1.00. The receivables turnover for the company is 3.11 and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.22.