Outfront Media Inc (NYSE: OUT) has experienced a rise in its stock price by 2.82 compared to its previous closing price of 16.29. However, the company has seen a gain of 3.72% in its stock price over the last five trading days. The Motley Fool reported 2024-03-23 that Outfront Media should benefit from falling interest rates and a rebound in the ad market. The digital out-of-home ad market is expected to grow by double digits over the next several years.
Is It Worth Investing in Outfront Media Inc (NYSE: OUT) Right Now?
The 36-month beta value for OUT is at 1.87. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for OUT is 131.66M, and currently, shorts hold a 3.96% of that float. The average trading volume for OUT on March 28, 2024 was 2.15M shares.
OUT’s Market Performance
OUT stock saw an increase of 3.72% in the past week, with a monthly gain of 14.02% and a quarterly increase of 17.05%. The volatility ratio for the week is 2.11%, and the volatility levels for the last 30 days are 2.99% for Outfront Media Inc (OUT). The simple moving average for the past 20 days is 6.46% for OUT’s stock, with a 29.25% simple moving average for the past 200 days.
Analysts’ Opinion of OUT
JP Morgan, on the other hand, stated in their research note that they expect to see OUT reach a price target of $14, previously predicting the price at $20. The rating they have provided for OUT stocks is “Neutral” according to the report published on August 04th, 2023.
Wolfe Research gave a rating of “Outperform” to OUT, setting the target price at $34 in the report published on March 29th of the previous year.
OUT Trading at 17.19% from the 50-Day Moving Average
After a stumble in the market that brought OUT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.59% of loss for the given period.
Volatility was left at 2.99%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +16.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.89% upper at present.
During the last 5 trading sessions, OUT rose by +3.72%, which changed the moving average for the period of 200-days by +10.56% in comparison to the 20-day moving average, which settled at $15.86. In addition, Outfront Media Inc saw 19.99% 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 OUT starting from Punter Clive A., who purchase 9,000 shares at the price of $11.12 back on Aug 18 ’23. After this action, Punter Clive A. now owns 174,647 shares of Outfront Media Inc, valued at $100,080 using the latest closing price.
Stock Fundamentals for OUT
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- 0.47 for the gross margin
The net margin for Outfront Media Inc stands at -0.24. The total capital return value is set at -0.05. Equity return is now at value -41.54, with -7.44 for asset returns.
Based on Outfront Media Inc (OUT), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 4.02. The interest coverage ratio of the stock is 1.63.
Currently, EBITDA for the company is 428.8 million with net debt to EBITDA at 180.08. When we switch over and look at the enterprise to sales, we see a ratio of 3.89. The receivables turnover for the company is 6.33for trailing twelve months and the total asset turnover is 0.33.
Conclusion
In conclusion, Outfront Media Inc (OUT) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
