In the past week, CCO stock has gone down by -5.19%, with a monthly decline of -2.67% and a quarterly surge of 5.04%. The volatility ratio for the week is 6.99%, and the volatility levels for the last 30 days are 4.58% for Clear Channel Outdoor Holdings Inc The simple moving average for the past 20 days is -5.13% for CCO’s stock, with a -6.96% simple moving average for the past 200 days.
Is It Worth Investing in Clear Channel Outdoor Holdings Inc (NYSE: CCO) Right Now?
Company’s 36-month beta value is 3.10.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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
The public float for CCO is 351.55M, and currently, short sellers hold a 8.79% ratio of that floaft. The average trading volume of CCO on November 06, 2024 was 1.57M shares.
CCO) stock’s latest price update
The stock of Clear Channel Outdoor Holdings Inc (NYSE: CCO) has increased by 3.55 when compared to last closing price of 1.41. Despite this, the company has experienced a -5.19% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-02 that Clear Channel Outdoor Holdings, Inc. (NYSE:CCO ) Q3 2024 Earnings Conference Call October 31, 2024 8:30 AM ET Company Participants Eileen McLaughlin – Vice President, Investor Relations Scott Wells – Chief Executive Officer David Sailer – Executive Vice President and Chief Financial Officer Justin Cochrane – Chief Executive Officer, UK and Europe Conference Call Participants Cameron McVeigh – Morgan Stanley Daniel Osley – Wells Fargo Avi Steiner – JPMorgan Lance Vitanza – TD Cowen Aaron Watts – Deutsche Bank Kiscada Hastings – JPMorgan Patrick Sholl – Barrington Research Operator Ladies and gentlemen, thank you for standing by. Welcome to Clear Channel Outdoor Holdings, Inc.’s 2024 Third Quarter Earnings Conference Call.
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 -6.48% 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 -28.95% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 6.99%, as shares sank -3.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.81% lower at present.
During the last 5 trading sessions, CCO fell by -5.19%, which changed the moving average for the period of 200-days by -16.57% in comparison to the 20-day moving average, which settled at $1.5390. In addition, Clear Channel Outdoor Holdings Inc saw -19.78% 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 MORENO ARTURO R, who purchase 1,000,000 shares at the price of $1.45 back on Nov 01 ’24. After this action, MORENO ARTURO R now owns 51,932,534 shares of Clear Channel Outdoor Holdings Inc, valued at $1,450,000 using the latest closing price.
MORENO ARTURO R, the 10% Owner of Clear Channel Outdoor Holdings Inc, purchase 915,472 shares at $1.45 during a trade that took place back on Oct 31 ’24, which means that MORENO ARTURO R is holding 50,932,534 shares at $1,325,744 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
- 0.4 for the gross margin
The net margin for Clear Channel Outdoor Holdings Inc stands at -0.06. The total capital return value is set at 0.09.
Based on Clear Channel Outdoor Holdings Inc (CCO), the company’s capital structure generated 1.99 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 -2.01. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 514.89 million with net debt to EBITDA at 21.55. When we switch over and look at the enterprise to sales, we see a ratio of 3.48. The receivables turnover for the company is 4.5for 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 1.00.
Conclusion
In a nutshell, Clear Channel Outdoor Holdings Inc (CCO) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
