The stock of Clear Channel Outdoor Holdings Inc. (CCO) has seen a 5.43% increase in the past week, with a 18.26% gain in the past month, and a -7.48% decrease in the past quarter. The volatility ratio for the week is 5.23%, and the volatility levels for the past 30 days are at 7.55% for CCO. The simple moving average for the last 20 days is 13.19% for CCO stock, with a simple moving average of -1.14% for the last 200 days.
Is It Worth Investing in Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Right Now?
Additionally, the 36-month beta value for CCO is 2.66. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for CCO is $1.83, which is $0.47 above the current price. The public float for CCO is 423.67M and currently, short sellers hold a 7.85% ratio of that float. The average trading volume of CCO on November 17, 2023 was 3.94M shares.
CCO) stock’s latest price update
The stock price of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) has plunged by -3.55 when compared to previous closing price of 1.41, but the company has seen a 5.43% gain in its stock price over the last five trading sessions. The Motley Fool reported 2023-11-10 that Clear Channel Outdoor jumped despite third-quarter results that were technically mixed relative to expectations. The out-of-home advertising company has made significant progress divesting its Europe-South segment over the past year, and plans to use proceeds to deleverage its balance sheet.
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 08, 2022 of the previous year 2022.
CCO Trading at 4.92% 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 -36.45% of loss for the given period.
Volatility was left at 7.55%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares surge +11.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.86% lower at present.
During the last 5 trading sessions, CCO rose by +5.43%, which changed the moving average for the period of 200-days by -29.53% in comparison to the 20-day moving average, which settled at $1.2085. In addition, Clear Channel Outdoor Holdings Inc. saw 29.52% 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 ARES MANAGEMENT LLC, who purchase 500,000 shares at the price of $1.79 back on Jan 30. After this action, ARES MANAGEMENT LLC now owns 55,829,046 shares of Clear Channel Outdoor Holdings Inc., valued at $897,350 using the latest closing price.
ARES MANAGEMENT LLC, the 10% Owner of Clear Channel Outdoor Holdings Inc., purchase 500,000 shares at $1.79 during a trade that took place back on Jan 30, which means that ARES MANAGEMENT LLC is holding 55,829,046 shares at $897,350 based on the most recent closing price.
Stock Fundamentals for CCO
Current profitability levels for the company are sitting at:
- +11.68 for the present operating margin
- +36.34 for the gross margin
The net margin for Clear Channel Outdoor Holdings Inc. stands at -3.89. The total capital return value is set at 7.33, while invested capital returns managed to touch -2.66.
When we switch over and look at the enterprise to sales, we see a ratio of 3.11, with the company’s debt to enterprise value settled at 0.97. The receivables turnover for the company is 3.93 and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
In conclusion, Clear Channel Outdoor Holdings Inc. (CCO) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.