Clear Channel Outdoor Holdings Inc. (CCO) concluded trading on Wednesday at a closing price of $1.61, with 4.81 million shares of worth about $7.75 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 16.67% during that period and on Wednesday the price saw a loss of about -5.29%. Currently the company’s common shares owned by public are about 476.31M shares, out of which, 419.92M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 32 times over the past 12 months. They bought 3,483,604 shares in 16 of the transactions. In 16 selling transactions, insiders dumped 951,219 shares.
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However, the stock later moved at a day high price of 1.7200, or with a loss of -5.29%. Stock saw a price change of -6.94% in past 5 days and over the past one month there was a price change of -8.00%. Year-to-date (YTD), CCO shares are showing a performance of -11.54% which decreased to -12.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.99 but also hit the highest price of $1.95 during that period. The average intraday trading volume for Clear Channel Outdoor Holdings Inc. shares is 2.46 million. The stock is currently trading -8.03% below its 20-day simple moving average (SMA20), while that difference is down -6.51% for SMA50 and it goes to 10.39% higher than SMA200.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) currently have 476.31M outstanding shares and institutions hold larger chunk of about 89.00% of that.
The stock has a current market capitalization of $777.65M and its 3Y-monthly beta is at 2.92. It has posted earnings per share of -$0.49 in the same period. It has Quick Ratio of 0.84. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CCO, volatility over the week remained 5.31% while standing at 5.52% over the month.
Analysts are in expectations that Clear Channel Outdoor Holdings Inc. (CCO) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is -$0.21 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.08 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -165.77% while it is estimated to increase by 68.35% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 35.22% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 20, 2023 offering an Overweight rating for the stock and assigned a target price range of between $1.50 and $2.75 to it. Coverage by Wells Fargo stated Clear Channel Outdoor Holdings Inc. (CCO) stock as an Equal weight in their note to investors on July 08, 2022, suggesting a price target of $1.50 for the stock. Stock get an Equal-weight rating from Morgan Stanley on November 02, 2020.
