Financial Analysis: Clear Channel Outdoor Holdings Inc. (CCO)’s Ratios Unveil Key Insights

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As of close of business last night, Clear Channel Outdoor Holdings Inc.’s stock clocked out at $1.68, up 0.60% from its previous closing price of $1.67. In other words, the price has increased by $0.60 from its previous closing price. On the day, 2.01 million shares were traded. CCO stock price reached its highest trading level at $1.71 during the session, while it also had its lowest trading level at $1.665.

Ratios:

To gain a deeper understanding of CCO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.03 and its Current Ratio is at 1.03.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 821027776 and an Enterprise Value of 7832016384. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36. Its current Enterprise Value per Revenue stands at 3.607 whereas that against EBITDA is 15.043.

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 12.33%, while the 200-Day Moving Average is calculated to be 9.94%.

Shares Statistics:

It appears that CCO traded 1.77M shares on average per day over the past three months and 2206810 shares per day over the past ten days. A total of 483.06M shares are outstanding, with a floating share count of 353.28M. Insiders hold about 27.71% of the company’s shares, while institutions hold 72.83% stake in the company. Shares short for CCO as of 1719532800 were 32442837 with a Short Ratio of 18.29, compared to 1717113600 on 31784136. Therefore, it implies a Short% of Shares Outstanding of 32442837 and a Short% of Float of 11.06.

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