Clear Channel Outdoor Holdings Inc. (CCO) concluded trading on Thursday at a closing price of $1.68, with 5.51 million shares of worth about $9.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.15% during that period and on April 4, 2024 the price saw a gain of about 3.70%. Currently the company’s common shares owned by public are about 483.06M shares, out of which, 418.47M shares are available for trading.
Stock saw a price change of 1.82% in past 5 days and over the past one month there was a price change of -2.33%. Year-to-date (YTD), CCO shares are showing a performance of -7.69% which increased to 42.37% 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 $2.06 during that period. The average intraday trading volume for Clear Channel Outdoor Holdings Inc. shares is 2.34 million. The stock is currently trading 2.60% above its 20-day simple moving average (SMA20), while that difference is down -1.96% for SMA50 and it goes to 10.20% higher than SMA200.
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Clear Channel Outdoor Holdings Inc. (NYSE: CCO) currently have 483.06M outstanding shares and institutions hold larger chunk of about 88.88% of that.
The stock has a current market capitalization of $812.65M and its 3Y-monthly beta is at 2.91. It has posted earnings per share of -$0.62 in the same period. It has Quick Ratio of 1.08. 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 3.71% while standing at 5.27% over the month.
Analysts are in expectations that Clear Channel Outdoor Holdings Inc. (CCO) stock would likely to be making an EPS of -$0.17 in the current quarter, while forecast for next quarter EPS is -$0.05 and it is -$0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.2 which is -$0.16 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 -$0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 65.59% while it is estimated to increase by 41.64% in next year. EPS is likely to shrink at an annualized rate of 7.00% for next 5-years, compared to annual growth of 8.15% 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.
