Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Clear Channel Outdoor Holdings Inc. (NYSE: CCO) closed at $1.54 down -1.28% from its previous closing price of $1.56. In other words, the price has decreased by -$1.28 from its previous closing price. On the day, 1.31 million shares were traded. CCO stock price reached its highest trading level at $1.58 during the session, while it also had its lowest trading level at $1.5201.
Ratios:
For a deeper understanding of Clear Channel Outdoor Holdings Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.08.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 10 ’24 when PACIFIC INVESTMENT MANAGEMENT sold 12,584 shares for $1.55 per share. The transaction valued at 19,505 led to the insider holds 104,859,957 shares of the business.
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 744928768 and an Enterprise Value of 7689873408. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32. Its current Enterprise Value per Revenue stands at 3.615 whereas that against EBITDA is 15.553.
Stock Price History:
The Beta on a monthly basis for CCO is 3.05, which has changed by 0.48571432 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, CCO has reached a high of $2.06, while it has fallen to a 52-week low of $0.99. The 50-Day Moving Average of the stock is -3.25%, while the 200-Day Moving Average is calculated to be 0.65%.
Shares Statistics:
For the past three months, CCO has traded an average of 2.35M shares per day and 1547430 over the past ten days. A total of 483.06M shares are outstanding, with a floating share count of 420.06M. Insiders hold about 13.16% of the company’s shares, while institutions hold 88.03% stake in the company. Shares short for CCO as of 1713139200 were 30230262 with a Short Ratio of 12.85, compared to 1710460800 on 23924503. Therefore, it implies a Short% of Shares Outstanding of 30230262 and a Short% of Float of 10.4899995.
Earnings Estimates
The performance of Clear Channel Outdoor Holdings Inc. (CCO) in the stock market is under the watchful eye of 5.0 analysts actively contributing to its current rating.On average, analysts expect EPS of -$0.17 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.2, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.03 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.19 and -$0.29 for the fiscal current year, implying an average EPS of -$0.23. EPS for the following year is -$0.14, with 5.0 analysts recommending between -$0.1 and -$0.19.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $478.55M this quarter.It ranges from a high estimate of $483M to a low estimate of $474.18M. As of the current estimate, Clear Channel Outdoor Holdings Inc.’s year-ago sales were $545.43MFor the next quarter, 5 analysts are estimating revenue of $559.52M. There is a high estimate of $565M for the next quarter, whereas the lowest estimate is $555.08M.
A total of 6 analysts have provided revenue estimates for CCO’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.24B, resulting in an average revenue estimate of $2.25B. In the same quarter a year ago, actual revenue was $2.13BBased on 6 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.36B and the low estimate is $2.3B.
