For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Clear Channel Outdoor Holdings Inc’s stock clocked out at $1.29, down -2.27% from its previous closing price of $1.32. In other words, the price has decreased by -$2.27 from its previous closing price. On the day, 1.53 million shares were traded.
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 1.30 and its Current Ratio is at 1.30.
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:
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 Nov 05 ’24 when MORENO ARTURO R bought 250,000 shares for $1.46 per share. The transaction valued at 365,000 led to the insider holds 52,432,534 shares of the business.
MORENO ARTURO R bought 250,000 shares of CCO for $362,500 on Nov 04 ’24. The 10% Owner now owns 52,182,534 shares after completing the transaction at $1.45 per share. On Nov 01 ’24, another insider, MORENO ARTURO R, who serves as the 10% Owner of the company, bought 1,000,000 shares for $1.45 each. As a result, the insider paid 1,450,000 and bolstered with 51,932,534 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31.
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 $1.29. The 50-Day Moving Average of the stock is -8.26%, while the 200-Day Moving Average is calculated to be -14.04%.
Shares Statistics:
A total of 489.21M shares are outstanding, with a floating share count of 347.72M. Insiders hold about 29.05% of the company’s shares, while institutions hold 72.17% stake in the company.
