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The closing price of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) was $1.32 for the day, down -1.49% from the previous closing price of $1.34. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 1.67 million shares were traded. CCO stock price reached its highest trading level at $1.37 during the session, while it also had its lowest trading level at $1.3.
Ratios:
Our analysis of CCO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.02 and its Current Ratio is at 1.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $2.75 from $1.50 previously.
On July 08, 2022, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $4 to $1.50.
Barrington Research Upgraded its Mkt Perform to Outperform on November 11, 2021, while the target price for the stock was maintained at $5.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 30 ’24 when PACIFIC INVESTMENT MANAGEMENT sold 46,959 shares for $1.69 per share. The transaction valued at 79,361 led to the insider holds 104,812,998 shares of the business.
PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares of CCO for $19,505 on Apr 10 ’24. The 10% Owner now owns 104,859,957 shares after completing the transaction at $1.55 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CCO now has a Market Capitalization of 655188608 and an Enterprise Value of 7661043200. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29. Its current Enterprise Value per Revenue stands at 3.484 whereas that against EBITDA is 15.084.
Stock Price History:
Over the past 52 weeks, CCO has reached a high of $2.06, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -12.28%, while the 200-Day Moving Average is calculated to be -15.24%.
Shares Statistics:
CCO traded an average of 1.99M shares per day over the past three months and 2574160 shares per day over the past ten days. A total of 483.06M shares are outstanding, with a floating share count of 354.99M. Insiders hold about 27.40% of the company’s shares, while institutions hold 73.65% stake in the company. Shares short for CCO as of 1721001600 were 33234271 with a Short Ratio of 10.85, compared to 1718323200 on 34205283. Therefore, it implies a Short% of Shares Outstanding of 33234271 and a Short% of Float of 11.3299996.
