As of Wednesday close, OUTFRONT Media Inc.’s (NYSE:OUT) stock was down -$0.01, moving down -0.08 percent to $11.93. The average number of shares traded per day over the past five days has been 2,459,800 shares. 5 times new highs have been achieved over the past 5 days, with a $0.39 gain in that time frame. In the last twenty days, the average volume was 3,291,600, while in the previous 50 days, it was 2,249,204.
Since last month, OUT stock retreated -22.73%. Shares of the company fell to $10.86 on 08/18/23, the lowest level in the past month. A 52-week high of $21.65 was reached on 02/02/23 after having rallying from a 52-week low of $10.86. Since the beginning of this year, OUT’s stock price has dropped by -28.05% or -$4.65, and marked a new high 13 times. However, the stock has declined by -44.90% since its 52-week high.
OUT stock investors should be aware that OUTFRONT Media Inc. (OUT) stock had its last reported insider trading activity 13 days ago on Aug 18. Punter Clive A., the EVP and Chief Revenue Officer of the company, purchased of 9,000 shares for $11.12 on Aug 18. It resulted in a $100,080 investment by the insider.
Valuation Metrics
The stock’s beta is 1.76. Besides these, the trailing price-to-sales (P/S) ratio of 1.08, the price-to-book (PB) ratio of 3.17, and the price-to-cash flow ratio of 129.95 may also be considered.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30.
Financial Health
In the three months ended June 29, OUTFRONT Media Inc.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 4.24, and the total debt-to-equity ratio was 4.46. On the profitability front, the trailing twelve-month gross margin is 74.00% percent. In the year ended June 29, operating margins totaled -13.70%. Based on annual data, OUT earned $860.7 million in gross profit and brought in $1.77 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.20%. Return on equity (ROE) for the past 12 months was -39.80%.
In OUTFRONT Media Inc.’s quarter-end financial report for June 29, it reported total debt of $2.63 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OUT’s revenue rose 3.97% to $395.8 million during the quarter, while net income inched up to $468.8 million. While analysts expected OUTFRONT Media Inc. to report $0.24 quarterly earnings, the actual figure was -$2.92 per share, beating the consensus estimate by -1,316.70%. During the quarter, the company generated -$395.2 million in EBITDA. The liabilities of OUTFRONT Media Inc. were 4.84 billion at the end of its most recent quarter ended June 29, and its total debt was $4.44 billion. The value of shareholders’ equity is $165.04 million.
Technical Picture
This quick technical analysis looks at OUTFRONT Media Inc.’s (OUT) price momentum. With a historical volatility rate of 16.95%, the RSI 9-day stood at 48.84% on 30 August.
With respect to its five-day moving average, the current OUTFRONT Media Inc. price is up by +3.38% percent or $0.39. At present, OUT shares trade -19.12% below its 20-day simple moving average and -23.82% percent below its 100-day simple moving average. However, the stock is currently trading approximately -22.48% below its SMA50 and -33.31% below its SMA200.
Stochastic coefficient K was 84.03% and Stochastic coefficient D was 72.78%, while ATR was 0.38. Given the Stochastic reading of 93.04% for the 14-day period, the RSI (14) reading has been calculated as 41.06%. As of today, the MACD Oscillator reading stands at 0.38, while the 14-day reading stands at 0.48.
Analyst Ratings
OUTFRONT Media Inc. downgraded its rating on OUTFRONT Media Inc. (NYSE: OUT) to a Perform in a note to investors on August 04, 2023. The analysts firm previously had an Outperform rating on the stock.OUTFRONT Media Inc. (OUT) has been rated Overweight by analysts. According to 0 brokerage firms, OUT is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate OUTFRONT Media Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $14.00 – $18.00. Based on these forecasts, analysts predict OUTFRONT Media Inc. (OUT) will achieve an average price target of $15.60.
