Clear Channel Outdoor Holdings Inc. (CCO) is destined for greater heights as its last quarter sales were 417,680 K

Clear Channel Outdoor Holdings Inc. (NYSE: CCO) on Tuesday, plunged -2.48% from the previous trading day, before settling in for the closing price of $1.61. Within the past 52 weeks, CCO’s price has moved between $0.99 and $2.06.

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A company in the Communication Services sector has dropped its sales by -3.19% annually for the last half of the decade. The company achieved an average annual earnings per share of 65.59%. With a float of $418.47 million, this company’s outstanding shares have now reached $483.06 million.

In an organization with 3900 employees, it is important to assess its efficiency.

Clear Channel Outdoor Holdings Inc. (CCO) Insider Updates

Observing investor behavior towards Advertising Agencies industry stocks is more important than anything else. The insider ownership of Clear Channel Outdoor Holdings Inc. is 13.49%, while institutional ownership is 88.87%.

Clear Channel Outdoor Holdings Inc. (CCO) Performance Highlights and Predictions

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $0.05 earnings per share (EPS) for the period topping the consensus outlook (set at $0.04) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 65.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.00% during the next five years compared to 8.15% growth over the previous five years of trading.

Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Trading Performance Indicators

Clear Channel Outdoor Holdings Inc. (CCO) is currently performing well based on its current performance indicators. A quick ratio of 1.08 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.32.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.62, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.13 in one year’s time.

Technical Analysis of Clear Channel Outdoor Holdings Inc. (CCO)

Let’s dig in a bit further. During the last 5-days, its volume was 2.22 million. That was inferior than the volume of 2.37 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 50.00%. Additionally, its Average True Range was 0.10.

During the past 100 days, Clear Channel Outdoor Holdings Inc.’s (CCO) raw stochastic average was set at 49.21%, which indicates a significant increase from 18.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.33% in the past 14 days, which was lower than the 66.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7162, while its 200-day Moving Average is $1.5228. However, in the short run, Clear Channel Outdoor Holdings Inc.’s stock first resistance to watch stands at $1.5833. Second resistance stands at $1.5967. The third major resistance level sits at $1.6183. If the price goes on to break the first support level at $1.5483, it is likely to go to the next support level at $1.5267. Assuming the price breaks the second support level, the third support level stands at $1.5133.

Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats

Market capitalization of the company is 759.44 million based on 483,720K outstanding shares. Right now, sales total 2,127 M and income totals -310,920 K. The company made 417,680 K in profit during its latest quarter, and 24,780 K in sales during its previous quarter.