Clear Channel Outdoor Holdings Inc (NYSE: CCO)’s stock price has gone rise by 0.72 in comparison to its previous close of 1.38, however, the company has experienced a -4.14% decrease in its stock price over the last five trading days. etftrends.com reported 2024-12-18 that VettaFi recently sat down with Jeremy Goebel, EVP and Chief Commercial Officer at Plains All American (PAA/PAGP). Goebel offered insight into the company’s asset base, growth opportunities, and capital allocation priorities.
Is It Worth Investing in Clear Channel Outdoor Holdings Inc (NYSE: CCO) Right Now?
Moreover, the 36-month beta value for CCO is 3.06. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CCO is 345.85M and currently, short sellers hold a 9.28% of that float. On December 25, 2024, CCO’s average trading volume was 1.43M shares.
CCO’s Market Performance
CCO stock saw a decrease of -4.14% in the past week, with a monthly decline of -12.03% and a quarterly a decrease of -12.03%. The volatility ratio for the week is 4.93%, and the volatility levels for the last 30 days are 3.43% for Clear Channel Outdoor Holdings Inc (CCO). The simple moving average for the last 20 days is -7.21% for CCO’s stock, with a simple moving average of -9.20% for the last 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 -9.63% 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 3.43%, however, over the last 30 days, the volatility rate increased by 4.93%, as shares sank -12.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.32% lower at present.
During the last 5 trading sessions, CCO fell by -4.14%, which changed the moving average for the period of 200-days by -20.57% in comparison to the 20-day moving average, which settled at $1.4980. 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 MORENO ARTURO R, who purchase 250,000 shares at the price of $1.46 back on Nov 05 ’24. After this action, MORENO ARTURO R now owns 52,432,534 shares of Clear Channel Outdoor Holdings Inc, valued at $365,000 using the latest closing price.
MORENO ARTURO R, the 10% Owner of Clear Channel Outdoor Holdings Inc, purchase 250,000 shares at $1.45 during a trade that took place back on Nov 04 ’24, which means that MORENO ARTURO R is holding 52,182,534 shares at $362,500 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 -0.06. The total capital return value is set at 0.09.
Based on Clear Channel Outdoor Holdings Inc (CCO), the company’s capital structure generated 2.57 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 0.75.
Currently, EBITDA for the company is 488.94 million with net debt to EBITDA at 13.23. When we switch over and look at the enterprise to sales, we see a ratio of 3.46. 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
To wrap up, the performance of Clear Channel Outdoor Holdings Inc (CCO) has been bad in recent times. The stock has received a mixed of “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.
