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The price of Clear Channel Outdoor Holdings Inc. (NYSE: CCO) closed at $1.66 in the last session, up 0.61% from day before closing price of $1.65. In other words, the price has increased by $0.61 from its previous closing price. On the day, 1.06 million shares were traded. CCO stock price reached its highest trading level at $1.6993 during the session, while it also had its lowest trading level at $1.66.
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 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:
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 811652032 and an Enterprise Value of 7827284992. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.37. Its current Enterprise Value per Revenue stands at 3.559 whereas that against EBITDA is 15.412.
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 6.62%, while the 200-Day Moving Average is calculated to be 4.31%.
Shares Statistics:
According to the various share statistics, CCO traded on average about 2.03M shares per day over the past 3-months and 2189370 shares per day over the past 10 days. A total of 483.06M shares are outstanding, with a floating share count of 354.64M. Insiders hold about 27.47% of the company’s shares, while institutions hold 73.41% stake in the company. Shares short for CCO as of 1724976000 were 31636219 with a Short Ratio of 15.59, compared to 1722384000 on 21549901. Therefore, it implies a Short% of Shares Outstanding of 31636219 and a Short% of Float of 10.780000000000001.
