Moreover, the 36-month beta value for OUT is 1.94. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for OUT is 132.20M and currently, short sellers hold a 5.22% of that float. On July 25, 2024, OUT’s average trading volume was 1.58M shares.
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OUT) stock’s latest price update
The stock price of Outfront Media Inc (NYSE: OUT) has dropped by -2.33 compared to previous close of 15.43. Despite this, the company has seen a fall of -5.64% in its stock price over the last five trading days. prnewswire.com reported 2024-07-17 that NEW YORK, July 17, 2024 /PRNewswire/ — OUTFRONT Media Inc. (NYSE: OUT) announced today that it will report results for the fiscal quarter ended June 30, 2024 after the market closes on Tuesday, August 6, 2024. The earnings announcement will be available in the Investor Relations section of the Company’s website, www.outfront.com.
OUT’s Market Performance
Outfront Media Inc (OUT) has seen a -5.64% fall in stock performance for the week, with a 8.81% gain in the past month and a -2.27% plunge in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 2.74% for OUT. The simple moving average for the last 20 days is 1.39% for OUT’s stock, with a simple moving average of 9.67% for the last 200 days.
Analysts’ Opinion of OUT
Many brokerage firms have already submitted their reports for OUT stocks, with TD Cowen repeating the rating for OUT by listing it as a “Hold.” The predicted price for OUT in the upcoming period, according to TD Cowen is $16 based on the research report published on July 16, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to OUT, setting the target price at $14 in the report published on August 04th of the previous year.
OUT Trading at 3.75% 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 -11.44% of loss for the given period.
Volatility was left at 2.74%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +9.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.20% lower at present.
During the last 5 trading sessions, OUT fell by -5.64%, which changed the moving average for the period of 200-days by +76.05% in comparison to the 20-day moving average, which settled at $14.93. In addition, Outfront Media Inc saw 7.95% 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:
- -0.13 for the present operating margin
- 0.45 for the gross margin
The net margin for Outfront Media Inc stands at -0.23. The total capital return value is set at -0.05. Equity return is now at value -45.03, with -7.42 for asset returns.
Based on Outfront Media Inc (OUT), the company’s capital structure generated 0.82 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 4.63. The interest coverage ratio of the stock is 1.59.
Currently, EBITDA for the company is 428.8 million with net debt to EBITDA at 140.97. When we switch over and look at the enterprise to sales, we see a ratio of 3.73. The receivables turnover for the company is 7.28for trailing twelve months and the total asset turnover is 0.33.
Conclusion
To wrap up, the performance of Outfront Media Inc (OUT) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
