Clear Channel Outdoor Holdings Inc [NYSE: CCO] traded at a high on Wednesday, posting a 11.64 gain after which it closed the day’ session at $1.63.
The results of the trading session contributed to over 6546415 shares changing hands. Over the past one week, the price volatility of Clear Channel Outdoor Holdings Inc stands at 7.90% while the volatility over the past one month is 4.86%.
The market cap for CCO stock reached $797.19 million, with 483.06 million shares outstanding and 351.55 million shares in the current float. Compared to the average trading volume of 1.53M shares, CCO reached a trading volume of 6546415 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Clear Channel Outdoor Holdings Inc [CCO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCO shares is $1.98 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCO stock is a recommendation set at 2.67. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Clear Channel Outdoor Holdings Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 19, 2024. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $1.50 to $2.75. The new note on the price target was released on December 20, 2023, representing the official price target for Clear Channel Outdoor Holdings Inc stock. Previously, the target price had yet another drop from $4 to $1.50, while Wells Fargo kept a Equal Weight rating on CCO stock.
The Average True Range (ATR) for Clear Channel Outdoor Holdings Inc is set at 0.09, with the Price to Sales ratio for CCO stock in the period of the last 12 months amounting to 0.36.
How has CCO stock performed recently?
Clear Channel Outdoor Holdings Inc [CCO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.67. With this latest performance, CCO shares gained by 7.24% in over the last four-week period, additionally plugging by 5.84% over the last 6 months – not to mention a rise of 45.54% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCO stock in for the last two-week period is set at 57.82, with the RSI for the last a single of trading hit 62.54, and the three-weeks RSI is set at 55.42 for Clear Channel Outdoor Holdings Inc [CCO]. The present Moving Average for the last 50 days of trading for this stock 1.5638, while it was recorded at 1.4840 for the last single week of trading, and 1.5685 for the last 200 days.
Clear Channel Outdoor Holdings Inc [CCO]: Deeper insight into the fundamentals
Clear Channel Outdoor Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.
Earnings analysis for Clear Channel Outdoor Holdings Inc [CCO]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Clear Channel Outdoor Holdings Inc go to 7.00%.
Insider trade positions for Clear Channel Outdoor Holdings Inc [CCO]
There are presently around $86.10%, or 103.58%% of CCO stock, in the hands of institutional investors. The top three institutional holders of CCO stocks are: ALLIANZ ASSET MANAGEMENT GMBH with ownership of 104.86 million shares, which is approximately 21.6778%. ARES MANAGEMENT LLC, holding 55.83 million shares of the stock with an approximate value of $$78.72 million in CCO stocks shares; and ARES MANAGEMENT LLC, currently with $$49.07 million in CCO stock with ownership which is approximately 7.195%.
