Adversity is less terrifying than hope: Clear Channel Outdoor Holdings Inc. (CCO)

With 1.52 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.55 shares. The 52-week range on CCO shows that it touched its highest point at $1.95 and its lowest point at $0.99 during that stretch. It currently has a 1-year price target of $2.16. Beta for the stock currently stands at 2.91.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCO was down-trending over the past week, with a drop of -0.59%, but this was down by -4.00% over a month. Three-month performance surged to 29.23% while six-month performance rose 12.00%. The stock lost -10.16% in the past year, while it has lost -7.69% so far this year. A look at the trailing 12-month EPS for CCO yields -0.49 with Next year EPS estimates of -0.17. For the next quarter, that number is 0.04. This implies an EPS growth rate of -165.77% for this year and 68.35% for next year. EPS is expected to grow by 7.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 35.22%.

Float and Shares Shorts:

At present, 476.31 million CCO shares are outstanding with a float of 419.92 million shares on hand for trading. On Jan 31, 2024, short shares totaled 26.52 million, which was 5.49% higher than short shares on Dec 29, 2023. In addition to Mr. Scott R. Wells as the firm’s CEO, President & Director, Mr. Brian D. Coleman serves as its Executive VP, CFO & Assistant Secretary.

Institutional Ownership:

Through their ownership of 94.39% of CCO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCO analysts setting a high price target of $2.75 and a low target of $1.50, the average target price over the next 12 months is $2.16. Based on these targets, CCO could surge 63.69% to reach the target high and fall by -10.71% to reach the target low. Reaching the average price target will result in a growth of 28.57% from current levels.

Summary of Insider Activity:

Insiders traded CCO stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 16 over the past year. The total number of shares bought during that period was 4,262,172 while 951,219 shares were sold.