What Can We Learn From Clear Channel Outdoor Holdings Inc. (CCO)’s Valuation Ratios?

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Clear Channel Outdoor Holdings Inc. (NYSE:CCO) finished Wednesday with an addition of $0.01 to close at $1.01, an upside of 1.00 percent. An average of 1,138,900 shares of common stock have been traded in the last five days. There was a fall of -$0.0800 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,002,015 shares traded, while the 50-day average volume stands at 2,044,590.

CCO stock has increased by 1.00% in the last month. The company shares reached their 1-month lowest point of $0.9510 on 12/19/22. With the stock rallying to its 52-week high on 02/25/22, shares of the company touched a low of $0.91 and a high of $4.10 in 52 weeks. It has reached a new high 10 times so far this year and lost -69.49% or -$2.3000 in price. In spite of this, the price is down -75.37% from the 52-week high.


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Insider Transactions

CCO stock investors should be aware that Clear Channel Outdoor Holdings Inc. (CCO) stock had its last reported insider trading activity 212 days ago on Oct 14. In this transaction, the insider spent $886,557. Director, HAMMITT LISA, disposed of 68,207 shares at a price of $3.72 on Mar 03. The insider now owns more than $253,730 worth of shares.

Valuation Metrics

Clear Channel Outdoor Holdings Inc. (CCO) stock’s beta is 2.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.19.

Financial Health

The quick ratio of Clear Channel Outdoor Holdings Inc. for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $970.86 million compared to revenue of $2.24 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Clear Channel Outdoor Holdings Inc.’s return on assets was -2.60%.

Earnings Surprise

For the three-month period that ended June 29, Clear Channel Outdoor Holdings Inc. had $5.57 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$39.76 million in the quarter, while revenues of -$65.66 million were shrunk -2.69%. The analyst consensus anticipated Clear Channel Outdoor Holdings Inc.’s latest quarter earnings to come in at -$0.04 per share, but it turned out to be -$0.14, a -250.00% surprise. For the quarter, EBITDA amounted to $119.71 million. Shareholders own equity worth $476.06 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Clear Channel Outdoor Holdings Inc. (CCO) price momentum. RSI 9-day as of the close on 28 December was 42.89%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.53%.

As of today, CCO’s price is $1.0220 -7.34% or -$0.0800 from its 5-day moving average. CCO is currently trading -0.98% lower than its 20-day SMA and -33.55% lower than its 100-day SMA. However, the stock’s current price level is -36.48% below the SMA50 and -71.14% below the SMA200.

The stochastic %K and %D were 22.34% and 25.13%, respectively, and the average true range (ATR) was 0.0774. With the 14-day stochastic at 21.15% and the average true range at 0.0850, the RSI (14) stands at 43.00%. The stock has reached -0.0189 on the 9-day MACD Oscillator while the 14-day reading was at -0.0302.

Analyst Ratings

Wells Fargo downgraded Clear Channel Outdoor Holdings Inc. (NYSE: CCO) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight.

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