Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Clear Channel Outdoor Holdings Inc.’s stock clocked out at $1.47, down -1.34% from its previous closing price of $1.49. In other words, the price has decreased by $-1.34 from its previous closing price. On the day, 1.38 million shares were traded. CCO stock price reached its highest trading level at $1.51 during the session, while it also had its lowest trading level at $1.45.
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 1.08 and its Current Ratio is at 1.08.
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 711068416 and an Enterprise Value of 7646338560. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30. Its current Enterprise Value per Revenue stands at 3.595 whereas that against EBITDA is 15.465.
Stock Price History:
The Beta on a monthly basis for CCO is 2.89, which has changed by 0.22500002 over the last 52 weeks, in comparison to a change of 0.23061275 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 $0.99. The 50-Day Moving Average of the stock is -11.67%, while the 200-Day Moving Average is calculated to be -4.34%.
Shares Statistics:
It appears that CCO traded 2.40M shares on average per day over the past three months and 2328270 shares per day over the past ten days. A total of 483.06M shares are outstanding, with a floating share count of 420.06M. Insiders hold about 13.16% of the company’s shares, while institutions hold 88.52% stake in the company. Shares short for CCO as of 1711584000 were 26539020 with a Short Ratio of 11.04, compared to 1709164800 on 23238015. Therefore, it implies a Short% of Shares Outstanding of 26539020 and a Short% of Float of 9.21.
Earnings Estimates
The dynamic stock of Clear Channel Outdoor Holdings Inc. (CCO) is currently attracting attention from 5 analysts actively involved in rating its market status.On average, analysts expect EPS of $-0.17 for the current quarter, with a high estimate of $-0.16 and a low estimate of $-0.2, while EPS last year was $-0.07. The consensus estimate for the next quarter is $-0.05, with high estimates of $-0.03 and low estimates of $-0.07.
Analysts are recommending an EPS of between $-0.19 and $-0.28 for the fiscal current year, implying an average EPS of $-0.23. EPS for the following year is $-0.14, with 5 analysts recommending between $-0.1 and $-0.19.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $478.55M. It ranges from a high estimate of $483M to a low estimate of $474.18M. As of the current estimate, Clear Channel Outdoor Holdings Inc.’s year-ago sales were $545.43M, an estimated decrease of -12.30% from the year-ago figure.
A total of 6 analysts have provided revenue estimates for CCO’s current fiscal year. The highest revenue estimate was $2.26B, while the lowest revenue estimate was $2.24B, resulting in an average revenue estimate of $2.25B. In the same quarter a year ago, actual revenue was $2.13B, up 5.70% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $2.33B in the next fiscal year. The high estimate is $2.36B and the low estimate is $2.3B. The average revenue growth estimate for next year is up 3.50% from the average revenue estimate for this year.
