Clear Channel Outdoor Stock Current Asset
| CCO Stock | USD 1.44 0.01 0.70% |
Clear Channel Outdoor fundamentals help investors to digest information that contributes to Clear Channel's financial success or failures. It also enables traders to predict the movement of Clear Stock. The fundamental analysis module provides a way to measure Clear Channel's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Clear Channel stock.
As of the 19th of April 2024, Total Current Assets is likely to grow to about 1.3 B, while Non Current Assets Total are likely to drop about 3.8 B. Clear | Current Asset |
Clear Channel Outdoor Company Current Asset Analysis
Clear Channel's Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
Current Clear Channel Current Asset | 1.57 B |
Most of Clear Channel's fundamental indicators, such as Current Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Clear Channel Outdoor is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Clear Current Asset Historical Pattern
Today, most investors in Clear Channel Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Clear Channel's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's current asset growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Clear Channel current asset as a starting point in their analysis.
Clear Channel Current Asset |
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Current Asset is important to company's creditors and private equity firms as they will often be interested in how much that company has in current assets since these assets can be easily liquidated in case the company goes bankrupt. However, it is usually not enough to know if a company is in good shape just based on current asset alone; the amount of current liabilities should always be considered.
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Clear Total Assets
Total Assets |
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In accordance with the recently published financial statements, Clear Channel Outdoor has a Current Asset of 1.57 B. This is 97.08% lower than that of the Media sector and significantly higher than that of the Communication Services industry. The current asset for all United States stocks is 83.21% higher than that of the company.
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Clear Fundamentals
| Return On Asset | 0.0301 | ||||
| Profit Margin | (0.15) % | ||||
| Operating Margin | 0.16 % | ||||
| Current Valuation | 7.64 B | ||||
| Shares Outstanding | 483.72 M | ||||
| Shares Owned By Insiders | 13.06 % | ||||
| Shares Owned By Institutions | 88.81 % | ||||
| Number Of Shares Shorted | 26.54 M | ||||
| Price To Earning | 276.47 X | ||||
| Price To Sales | 0.35 X | ||||
| Revenue | 2.13 B | ||||
| Gross Profit | 1.15 B | ||||
| EBITDA | 514.89 M | ||||
| Net Income | (159.21 M) | ||||
| Cash And Equivalents | 286.78 M | ||||
| Cash Per Share | 0.66 X | ||||
| Total Debt | 7.17 B | ||||
| Debt To Equity | (9.08) % | ||||
| Current Ratio | 0.97 X | ||||
| Book Value Per Share | (7.17) X | ||||
| Cash Flow From Operations | 31.25 M | ||||
| Short Ratio | 10.82 X | ||||
| Earnings Per Share | (0.33) X | ||||
| Price To Earnings To Growth | (17.22) X | ||||
| Target Price | 2.29 | ||||
| Number Of Employees | 3.9 K | ||||
| Beta | 2.92 | ||||
| Market Capitalization | 706.23 M | ||||
| Total Asset | 5.2 B | ||||
| Retained Earnings | (6.78 B) | ||||
| Working Capital | 73.67 M | ||||
| Current Asset | 1.57 B | ||||
| Current Liabilities | 920.61 M | ||||
| Net Asset | 5.2 B |
About Clear Channel Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Clear Channel Outdoor's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Clear Channel using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Clear Channel Outdoor based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Clear Channel in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Clear Channel's short interest history, or implied volatility extrapolated from Clear Channel options trading.
Pair Trading with Clear Channel
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Clear Channel position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Clear Channel will appreciate offsetting losses from the drop in the long position's value.Moving against Clear Stock
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| 0.44 | TSQ | Townsquare Media Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Clear Channel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clear Channel when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Clear Channel - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Clear Channel Outdoor to buy it.
The correlation of Clear Channel is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Clear Channel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clear Channel Outdoor moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Clear Channel can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Clear Channel Piotroski F Score and Clear Channel Altman Z Score analysis. Note that the Clear Channel Outdoor information on this page should be used as a complementary analysis to other Clear Channel's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Clear Stock analysis
When running Clear Channel's price analysis, check to measure Clear Channel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Clear Channel is operating at the current time. Most of Clear Channel's value examination focuses on studying past and present price action to predict the probability of Clear Channel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Clear Channel's price. Additionally, you may evaluate how the addition of Clear Channel to your portfolios can decrease your overall portfolio volatility.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments |
Is Clear Channel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Clear Channel. If investors know Clear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Clear Channel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.76) | Earnings Share (0.33) | Revenue Per Share 4.416 | Quarterly Revenue Growth 0.124 | Return On Assets 0.0301 |
The market value of Clear Channel Outdoor is measured differently than its book value, which is the value of Clear that is recorded on the company's balance sheet. Investors also form their own opinion of Clear Channel's value that differs from its market value or its book value, called intrinsic value, which is Clear Channel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Clear Channel's market value can be influenced by many factors that don't directly affect Clear Channel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Clear Channel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clear Channel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clear Channel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.