The stock price of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) has surged by 3.18 when compared to previous closing price of 1.57, but the company has seen a 5.19% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-26 that While the top- and bottom-line numbers for Clear Channel Outdoor (CCO) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Right Now?
The 36-month beta value for CCO is at 2.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for CCO is 418.47M, and currently, shorts hold a 5.72% of that float. The average trading volume for CCO on April 04, 2024 was 2.37M shares.
CCO’s Market Performance
CCO stock saw a decrease of 5.19% in the past week, with a monthly decline of -7.95% and a quarterly a decrease of -8.47%. The volatility ratio for the week is 4.00%, and the volatility levels for the last 30 days are 5.29% for Clear Channel Outdoor Holdings Inc. (CCO). The simple moving average for the past 20 days is -1.37% for CCO’s stock, with a 6.39% simple moving average for the past 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 “Overweight.” The predicted price for CCO in the upcoming period, according to Wells Fargo is $2.75 based on the research report published on December 20, 2023 of the previous year 2023.
Wells Fargo, on the other hand, stated in their research note that they expect to see CCO reach a price target of $1.50, previously predicting the price at $4. The rating they have provided for CCO stocks is “Equal Weight” according to the report published on July 08th, 2022.
Barrington Research gave a rating of “Outperform” to CCO, setting the target price at $5 in the report published on November 11th of the previous year.
CCO Trading at -5.61% 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 -21.17% of loss for the given period.
Volatility was left at 5.29%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares sank -5.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.43% lower at present.
During the last 5 trading sessions, CCO rose by +5.19%, which changed the moving average for the period of 200-days by +27.56% in comparison to the 20-day moving average, which settled at $1.6375. In addition, Clear Channel Outdoor Holdings Inc. saw -10.99% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CCO
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.44 for the gross margin
The net margin for Clear Channel Outdoor Holdings Inc. stands at -0.13. The total capital return value is set at 0.07.
Based on Clear Channel Outdoor Holdings Inc. (CCO), the company’s capital structure generated 2.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at -1.69. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 514.89 million with net debt to EBITDA at 19.29. When we switch over and look at the enterprise to sales, we see a ratio of 3.29. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.
Conclusion
In conclusion, Clear Channel Outdoor Holdings Inc. (CCO) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
