The 36-month beta value for CCO is at 3.09. 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 409.11M, and currently, shorts hold a 7.77% of that float. The average trading volume for CCO on June 20, 2024 was 1.91M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
CCO) stock’s latest price update
Clear Channel Outdoor Holdings Inc. (NYSE: CCO)’s stock price has plunge by 0.72relation to previous closing price of 1.38. Nevertheless, the company has seen a -0.71% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-10 that The next two to five years probably will not be kind to REITs. Weak REITs with messy balance sheets, weak forecast for FFO growth, unsafe dividends, and/or overvaluation are likely to suffer the most damage in any downturn. This article identifies 11 companies that fit this description.
CCO’s Market Performance
Clear Channel Outdoor Holdings Inc. (CCO) has seen a -0.71% fall in stock performance for the week, with a -10.32% decline in the past month and a -14.72% plunge in the past quarter. The volatility ratio for the week is 3.35%, and the volatility levels for the past 30 days are at 4.13% for CCO. The simple moving average for the past 20 days is -2.11% for CCO’s stock, with a -8.68% 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 -5.72% 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 -32.36% of loss for the given period.
Volatility was left at 4.13%, however, over the last 30 days, the volatility rate increased by 3.35%, as shares sank -10.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.16% lower at present.
During the last 5 trading sessions, CCO fell by -1.79%, which changed the moving average for the period of 200-days by -9.54% in comparison to the 20-day moving average, which settled at $1.4117. In addition, Clear Channel Outdoor Holdings Inc. saw -23.63% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCO starting from PACIFIC INVESTMENT MANAGEMENT, who sale 12,584 shares at the price of $1.55 back on Apr 10 ’24. After this action, PACIFIC INVESTMENT MANAGEMENT now owns 104,859,957 shares of Clear Channel Outdoor Holdings Inc., valued at $19,505 using the latest closing price.
Stock Fundamentals for CCO
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.43 for the gross margin
The net margin for Clear Channel Outdoor Holdings Inc. stands at -0.16. The total capital return value is set at 0.08.
Based on Clear Channel Outdoor Holdings Inc. (CCO), the company’s capital structure generated 2.54 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at -1.65. The interest coverage ratio of the stock is 1.37.
Currently, EBITDA for the company is 514.89 million with net debt to EBITDA at 23.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.37. The receivables turnover for the company is 5.35for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
In conclusion, Clear Channel Outdoor Holdings Inc. (CCO) has had a bad 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.
