Clear Channel Outdoor Holdings Inc (NYSE:CCO) price on Thursday, April 10, fall -1.92% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.02.
A look at the stock’s price movement, the close in the last trading session was $1.04, moving within a range at $0.9299 and $1.035. The beta value (5-Year monthly) was 2.735. Turning to its 52-week performance, $1.88 and $0.81 were the 52-week high and 52-week low respectively. Overall, CCO moved -14.29% over the past month.
Clear Channel Outdoor Holdings Inc’s market cap currently stands at around $499.86 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-23.
Analysts have a consensus estimate of 337.22M for the company’s revenue for the quarter, with a low and high estimate of 335M and 341M respectively. The average forecast suggests down to a -30.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.58B, representing a 4.94% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CCO is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CCO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CCO’s current price about -5.77% and -16.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.39, while 7-day volatility ratio is 18.18% and 8.02% in the 30-day chart. Further, Clear Channel Outdoor Holdings Inc (CCO) has a beta value of 2.58, and an average true range (ATR) of 0.09. Analysts have given the company’s stock an average 52-week price target of $3.25, forecast between a low of $3.25 and high of $3.25. Looking at the price targets, the low is -218.63% off current price level while to achieve the yearly target high, price needs to move -218.63%. Nonetheless, investors will most likely welcome a -218.63% jump to $3.25 which is the analysts’ median price.
If we refocus on Clear Channel Outdoor Holdings Inc (NYSE:CCO), historical trading data shows that trading volumes averaged 3.28 over the past 10 days and 1.71 million over the past 3 months. The company’s latest data on shares outstanding shows there are 489.21 million shares.
The 29.07% of Clear Channel Outdoor Holdings Inc’s shares are in the hands of company insiders while institutional holders own 72.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 34.77 million on 2025-03-14, giving us a short ratio of 19.69. The data shows that as of 2025-03-14 short interest in Clear Channel Outdoor Holdings Inc (CCO) stood at 1180.0 of shares outstanding, with shares short rising to 33.32 million registered in 2025-02-14. Current price change has pushed the stock -25.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCO stock continues to rise going into the next quarter.
