Financial Metrics Unveiled: Clear Channel Outdoor Holdings Inc. (CCO)’s Key Ratios in the Spotlight

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In other words, the price has increased by $0.00 from its previous closing price. On the day, 0.57 million shares were traded. CCO stock price reached its highest trading level at $1.56 during the session, while it also had its lowest trading level at $1.49.

Ratios:

We take a closer look at CCO’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 757867840 and an Enterprise Value of 7773500928. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.34. Its current Enterprise Value per Revenue stands at 3.535 whereas that against EBITDA is 15.306.

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 0.79%, while the 200-Day Moving Average is calculated to be -1.92%.

Shares Statistics:

According to the various share statistics, CCO traded on average about 1.88M shares per day over the past 3-months and 1164760 shares per day over the past 10 days. A total of 483.06M shares are outstanding, with a floating share count of 354.58M. Insiders hold about 27.48% of the company’s shares, while institutions hold 73.60% stake in the company. Shares short for CCO as of 1723680000 were 31610611 with a Short Ratio of 16.83, compared to 1721001600 on 33234271. Therefore, it implies a Short% of Shares Outstanding of 31610611 and a Short% of Float of 10.7700005.

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