At the time of writing, Clear Channel Outdoor Holdings Inc. [CCO] stock is trading at $1.43, up 1.42%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Clear Channel Outdoor Holdings Inc. [NYSE: CCO] stock has seen the most recent analyst activity on December 20, 2023, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $2.75 from $1.50. Previously, Wells Fargo downgraded its rating to Equal Weight on July 08, 2022, and dropped its price target to $1.50. On November 11, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $5 on the stock. Citigroup downgraded its rating to a Neutral. Morgan Stanley initiated its recommendation with a Equal-Weight. JP Morgan downgraded its rating to Underweight for this stock on October 19, 2020. In a note dated June 24, 2020, Citigroup upgraded an Buy rating on this stock.
For the past year, the stock price of Clear Channel Outdoor Holdings Inc. fluctuated between $1.04 and $2.06. Currently, Wall Street analysts expect the stock to reach $3.25 within the next 12 months. Clear Channel Outdoor Holdings Inc. [NYSE: CCO] shares were valued at $1.43 at the most recent close of the market. An investor can expect a potential return of 127.27% based on the average CCO price forecast.
Analyzing the CCO fundamentals
According to Clear Channel Outdoor Holdings Inc. [NYSE:CCO], the company’s sales were 2.28B for trailing twelve months, which represents an -11.68% plunge. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.16%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 0.1 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.65.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.4000 points at the first support level, and at 1.3700 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4500, and for the 2nd resistance point, it is at 1.4700.
Ratios To Look Out For
It is important to note that Clear Channel Outdoor Holdings Inc. [NYSE:CCO] has a current ratio of 1.03. In addition, the Quick Ratio stands at 1.03 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.31.
Transactions by insiders
Recent insider trading involved PACIFIC INVESTMENT MANAGEMENT, 10% Owner, that happened on Apr 10 ’24 when 12584.0 shares were sold.
