Clear Channel Outdoor Holdings Inc (NYSE:CCO) currently has a daily average trading volume of 1.20M but it saw 1216609 shares traded in last market. With a market cap of 588.07M USD, the company’s current market price of $1.20 came falling about -6.98 while comparing to the previous closing price of $1.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.03 and as low as $1.27.
Taking a look at 20-day trading activity of Clear Channel Outdoor Holdings Inc (CCO) gives us an average price of $1.3610, while its current price level is -40.74% below from 52-week high level whereas it is -5.51% 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 $1.4002 while that of 200 days or SMA-200 reads an average of $1.4987. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.08% during that period while stretching the period over a month that decreases to 5.00%. 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 29.69 which implies that the stock is in oversold 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 downgraded the stock as “Equal Weight” in its note to investors issued on September 19, 2024, recommending a price target of between $2.75 and $1.75 for it. Wells Fargo upgraded its recommendation for the stock as a “Overweight” from “Equal Weight” on December 20, 2023 while assigning a price target range of $1.50-$2.75. Wells Fargo also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $4 and $1.50.
Over the week, CCO’s stock price is moving -14.29% down while it is -15.49% when we observe its performance for the past one month. Year-to-date it is -12.41% down and over the past year, the stock is showing a downside performance of -39.39%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is -0.12.
Currently, Clear Channel Outdoor Holdings Inc’s total number of outstanding shares is 489.21M with 17.16% of that held by the insiders while 84.94% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.16%. Stock’s beta reads 3.06. Stock has a price to sale or P/S ratio amounts to 0.29. Its return on asset (ROA) is -3.30% on average.
