Clear Channel Outdoor Holdings Inc (CCO) concluded trading on Wednesday at a closing price of $1.63, with 6.55 million shares of worth about $10.67 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.84% during that period and on November 06, 2024 the price saw a gain of about 11.64%. Currently the company’s common shares owned by public are about 483.06M shares, out of which, 351.55M shares are available for trading.
Stock saw a price change of 8.67% in past 5 days and over the past one month there was a price change of 7.24%. Year-to-date (YTD), CCO shares are showing a performance of -10.44% which increased to 45.54% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.09 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 1.53 million. The stock is currently trading 5.54% above its 20-day simple moving average (SMA20), while that difference is up 4.23% for SMA50 and it goes to 3.92% 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 73.45% of that.
The stock has a current market capitalization of $797.19M and its 3Y-monthly beta is at 3.10. It has posted earnings per share of -$0.26 in the same period. It has Quick Ratio of 1.00. 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 7.90% while standing at 4.86% over the month.
Stock’s fiscal year EPS is expected to rise by 52.30% while it is estimated to increase by 49.76% 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 September 19, 2024 offering an Equal weight rating for the stock and assigned a target price range of between $2.75 and $1.75 to it. Coverage by Wells Fargo stated Clear Channel Outdoor Holdings Inc (CCO) stock as an Overweight in their note to investors on December 20, 2023, suggesting a price target of $2.75 for the stock. On July 08, 2022, Wells Fargo Downgrade their recommendations, while on November 11, 2021, Barrington Research Upgrade their ratings for the stock with a price target of $5. Stock get a Neutral rating from Citigroup on January 05, 2021.
