For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Clear Channel Outdoor Holdings Inc (NYSE: CCO) closed the day trading at $1.40 down -3.45% from the previous closing price of $1.45. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 0.83 million shares were traded. CCO stock price reached its highest trading level at $1.475 during the session, while it also had its lowest trading level at $1.39.
Ratios:
For a better understanding of CCO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.00.
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 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:
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 684709184 and an Enterprise Value of 7740207616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31. Its current Enterprise Value per Revenue stands at 3.469 whereas that against EBITDA is 14.673.
Stock Price History:
The Beta on a monthly basis for CCO is 3.05, which has changed by -0.22651935 over the last 52 weeks, in comparison to a change of 0.24359846 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 $1.29. The 50-Day Moving Average of the stock is -6.63%, while the 200-Day Moving Average is calculated to be -7.62%.
Shares Statistics:
Over the past 3-months, CCO traded about 1.38M shares per day on average, while over the past 10 days, CCO traded about 1168280 shares per day. A total of 488.95M shares are outstanding, with a floating share count of 345.85M. Insiders hold about 29.29% of the company’s shares, while institutions hold 72.26% stake in the company. Shares short for CCO as of 1735603200 were 31884824 with a Short Ratio of 23.14, compared to 1732838400 on 32082489. Therefore, it implies a Short% of Shares Outstanding of 31884824 and a Short% of Float of 10.86.
