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Clear Channel Outdoor Holdings Inc. (NYSE: CCO) closed the day trading at $1.50 down -6.83% from the previous closing price of $1.61. In other words, the price has decreased by -$6.83 from its previous closing price. On the day, 1.27 million shares were traded. CCO stock price reached its highest trading level at $1.625 during the session, while it also had its lowest trading level at $1.47.
Ratios:
For a better understanding of CCO, let’s look at its different ratios. 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 September 19, 2024, Downgraded its rating to Equal Weight and sets its target price to $1.75 from $2.75 previously.
On December 20, 2023, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $1.50 to $2.75.
Wells Fargo Downgraded its Overweight to Equal Weight on July 08, 2022, whereas the target price for the stock was revised from $4 to $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 787204480 and an Enterprise Value of 7749053440. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33. Its current Enterprise Value per Revenue stands at 3.524 whereas that against EBITDA is 15.258.
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 -2.06%, while the 200-Day Moving Average is calculated to be -5.64%.
Shares Statistics:
Over the past 3-months, CCO traded about 1.88M shares per day on average, while over the past 10 days, CCO traded about 1511210 shares per day. A total of 483.06M shares are outstanding, with a floating share count of 354.66M. Insiders hold about 27.47% of the company’s shares, while institutions hold 73.40% stake in the company. Shares short for CCO as of 1726185600 were 30871859 with a Short Ratio of 16.43, compared to 1723680000 on 31610611. Therefore, it implies a Short% of Shares Outstanding of 30871859 and a Short% of Float of 10.520000999999999.
