Outfront Media Inc. (NYSE:OUT) finished Friday with a subtraction of -$0.11 to close at $16.58, a downside of -0.66 percent. An average of 753,740 shares of common stock have been traded in the last five days. There was a gain of $0.22 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,392,685 shares traded, while the 50-day average volume stands at 1,512,942.
OUT stock has decreased by -9.35% in the last month. The company shares reached their 1-month lowest point of $15.81 on 12/22/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $14.97 and a high of $29.36 in 52 weeks. It has reached a new high 7 times so far this year and lost -38.18% or -$10.24 in price. In spite of this, the price is down -43.53% from the 52-week high.
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Outfront Media Inc. (OUT) has a trailing price-to-earnings (P/E) ratio of 18.28. The stock’s beta is 1.68. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.54, the price-to-book (PB) ratio at 2.26.
The company has a payout ratio of 32.70%. The company’s most recent quarterly dividend payment was $0.30 a share, without any change from last year. Its latest increase dividend $0.20 reported on Wednesday February 23 2022.
The quick ratio of Outfront Media Inc. for the three months ended June 29 was 0.80, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.18 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $679.9 million compared to revenue of $1.46 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, Outfront Media Inc.’s return on assets was 2.40%.
For the three-month period that ended June 29, Outfront Media Inc. had $2.62 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $40.8 million in the quarter, while revenues were grew 18.87%. The analyst consensus anticipated Outfront Media Inc.’s latest quarter earnings to come in at $0.24 per share, but it turned out to be $0.28, a 16.70% surprise. For the quarter, EBITDA amounted to $116.0 million. Shareholders own equity worth $164.15 million.
From a technical analysis perspective, let’s take a brief look at Outfront Media Inc. (OUT) price momentum. RSI 9-day as of the close on 30 December was 44.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.22%.
As of today, OUT’s price is $16.50 +1.34% or $0.22 from its 5-day moving average. OUT is currently trading -9.55% lower than its 20-day SMA and -12.18% lower than its 100-day SMA. However, the stock’s current price level is -1.01% below the SMA50 and -39.27% below the SMA200.
The stochastic %K and %D were 22.64% and 21.85%, respectively, and the average true range (ATR) was 0.55. With the 14-day stochastic at 27.27% and the average true range at 0.58, the RSI (14) stands at 44.63%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Wolfe Research launched coverage on Outfront Media Inc. (NYSE: OUT) in its analyst report released on March 29, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Outfront Media Inc. (OUT) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OUT, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is OUT’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $34.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Outfront Media Inc. (OUT) stock is $26.67.