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 354.66M, and currently, shorts hold a 8.41% of that float. The average trading volume for CCO on October 14, 2024 was 1.88M shares.
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CCO) stock’s latest price update
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) has seen a rise in its stock price by 6.00 in relation to its previous close of 1.50. However, the company has experienced a -1.24% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-09 that Clear Channel Outdoor Supporting the 25th Annual Lights On Afterschool with Coast-to-Coast Digital Billboard Campaign in October WASHINGTON, Oct. 9, 2024 /PRNewswire/ — Afterschool champions led by the Afterschool Alliance and Usher’s New Look are joining Clear Channel Outdoor (NYSE: CCO) for a broad-based visibility campaign across nearly 2,000 digital billboards as part of the 2024 national Lights On Afterschool rally. The ads recognize the remarkable work afterschool programs are doing to help young people find their spark through hands-on learning, caring mentors, homework help, STEM (science, technology, engineering, and math) activities, computer programming, robotics, healthy snacks and meals, job and college readiness, the arts, other fields, and more.
CCO’s Market Performance
CCO’s stock has fallen by -1.24% in the past week, with a monthly drop of -2.45% and a quarterly drop of -11.67%. The volatility ratio for the week is 4.91% while the volatility levels for the last 30 days are 4.70% for Clear Channel Outdoor Holdings Inc. The simple moving average for the past 20 days is -0.56% for CCO’s stock, with a 0.45% 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 “Equal Weight.” The predicted price for CCO in the upcoming period, according to Wells Fargo is $1.75 based on the research report published on September 19, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CCO reach a price target of $2.75, previously predicting the price at $1.50. The rating they have provided for CCO stocks is “Overweight” according to the report published on December 20th, 2023.
Wells Fargo gave a rating of “Equal Weight” to CCO, setting the target price at $1.50 in the report published on July 08th of the previous year.
CCO Trading at 4.56% 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 -22.63% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 4.91%, as shares sank -5.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.92% upper at present.
During the last 5 trading sessions, CCO fell by -1.24%, which changed the moving average for the period of 200-days by -13.11% in comparison to the 20-day moving average, which settled at $1.5990. In addition, Clear Channel Outdoor Holdings Inc. saw -12.64% 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 46,959 shares at the price of $1.69 back on Jul 30 ’24. After this action, PACIFIC INVESTMENT MANAGEMENT now owns 104,812,998 shares of Clear Channel Outdoor Holdings Inc., valued at $79,361 using the latest closing price.
PACIFIC INVESTMENT MANAGEMENT, the 10% Owner of Clear Channel Outdoor Holdings Inc., sale 12,584 shares at $1.55 during a trade that took place back on Apr 10 ’24, which means that PACIFIC INVESTMENT MANAGEMENT is holding 104,859,957 shares at $19,505 based on the most recent closing price.
Stock Fundamentals for CCO
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.42 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 0.09.
Based on Clear Channel Outdoor Holdings Inc. (CCO), the company’s capital structure generated 2.59 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 -1.63. The interest coverage ratio of the stock is 1.48.
Currently, EBITDA for the company is 514.89 million with net debt to EBITDA at 22.55. When we switch over and look at the enterprise to sales, we see a ratio of 3.54. The receivables turnover for the company is 4.8for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
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.
