Clear Channel Outdoor Holdings Inc. (NYSE:CCO) currently has a daily average trading volume of 2.00M but it saw 1970875 shares traded in last market. With a market cap of 684.53M USD, the company’s current market price of $1.40 came falling about -0.71 while comparing to the previous closing price of $1.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.06 and as low as $1.04. In the recent trading on the day, stock has struck highest price mark of $1.385 while lowest mark touched by it was $1.47.
Taking a look at 20-day trading activity of Clear Channel Outdoor Holdings Inc. (CCO) gives us an average price of $1.5340, while its current price level is -31.87% below from 52-week high level whereas it is 34.62% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.5012 while that of 200 days or SMA-200 reads an average of $1.5605. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.23% during that period while stretching the period over a month that decreases to 5.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.02 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wells Fargo which upgraded the stock as “Overweight” in its note to investors issued on December 20, 2023, recommending a price target of between $1.50 and $2.75 for it. Wells Fargo downgraded its recommendation for the stock as a “Equal Weight” from “Overweight” on July 08, 2022 while assigning a price target range of $4-$1.50. Barrington Research also issued its recommendations for the stock as it upgraded the price target for the stock is $5.
Over the week, CCO’s stock price is moving 0.72% up while it is -23.91% when we observe its performance for the past one month. Year-to-date it is -23.08% down and over the past year, the stock is showing a downside performance of -6.67%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.55 beaten by the consensus estimate of -0.08 for the same. In next quarter, company is expected to be making quarterly sales of $655.6M as analysts are expecting the sales for current fiscal year at $2.25B and seeing the company making $2.34B in sales next year. Moreover, analysts are in estimates of $557.2M for current-quarter revenue.
Currently, Clear Channel Outdoor Holdings Inc.’s total number of outstanding shares is 483.06M with 16.14% of that held by the insiders while 84.02% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -10.57%. Stock’s beta reads 3.10. Stock has a price to sale or P/S ratio amounts to 0.31. Its return on asset (ROA) is -3.53% on average.
