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Buy or Sell Clear Channel Outdoor Holdings Inc. (CCO) Stock Now | Don’t Try to Be a Top Gun

Clear Channel Outdoor Holdings Inc. (NYSE:CCO) went up by 13.53% from its latest closing price compared to the recent 1-year high of $4.10. The company’s stock price has collected 13.53% of gains in the last five trading sessions.

Is It Worth Investing in Clear Channel Outdoor Holdings Inc. (NYSE :CCO) Right Now?

Plus, the 36-month beta value for CCO is at 2.32. Opinions of the stock are interesting as 2 analysts out of 6 who provided ratings for Clear Channel Outdoor Holdings Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 3 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $1.92, which is $0.41 above the current price. CCO currently public float of 468.66M and currently shorts hold a 7.06% ratio of that float. Today, the average trading volume of CCO was 2.09M shares.

CCO’s Market Performance

CCO stocks went up by 13.53% for the week, with a monthly jump of 51.00% and a quarterly performance of -6.79%, while its annual performance rate touched -51.60%. The volatility ratio for the week stands at 9.02% while the volatility levels for the past 30 days are set at 8.21% for Clear Channel Outdoor Holdings Inc. The simple moving average for the period of the last 20 days is 30.57% for CCO stocks with a simple moving average of -4.82% for the last 200 days.

Analysts’ Opinion of CCO

Many brokerage firms have already submitted their reports for CCO stocks, with Wells Fargo repeating the rating for CCO by listing it as a “Equal Weight.” The predicted price for CCO in the upcoming period, according to Wells Fargo is $1.50 based on the research report published on July 08th of the previous year 2022.

Barrington Research, on the other hand, stated in their research note that they expect to see CCO reach a price target of $5. The rating they have provided for CCO stocks is “Outperform” according to the report published on November 11th, 2021.

CCO Trading at 35.99% 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 -63.17% of loss for the given period.

Volatility was left at 8.21%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares surge +38.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.79% upper at present.

During the last 5 trading sessions, CCO rose by +13.53%, which changed the moving average for the period of 200-days by -56.48% in comparison to the 20-day moving average, which settled at $1.1775. In addition, Clear Channel Outdoor Holdings Inc. saw 43.81% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CCO starting from ARES MANAGEMENT LLC, who purchase 300,000 shares at the price of $1.33 back on Jan 19. After this action, ARES MANAGEMENT LLC now owns 52,401,580 shares of Clear Channel Outdoor Holdings Inc., valued at $398,340 using the latest closing price.

ARES MANAGEMENT LLC, the 10% Owner of Clear Channel Outdoor Holdings Inc., purchase 300,000 shares at $1.33 during a trade that took place back on Jan 19, which means that ARES MANAGEMENT LLC is holding 52,401,580 shares at $398,340 based on the most recent closing price.

Stock Fundamentals for CCO

Current profitability levels for the company are sitting at:

  • +6.69 for the present operating margin
  • +32.86 for the gross margin

The net margin for Clear Channel Outdoor Holdings Inc. stands at -19.36. Equity return is now at value 4.00, with -2.60 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.

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