A new trading day began on Monday, with Clear Channel Outdoor Holdings Inc. (NYSE: CCO) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $1.44. CCO’s price has ranged from $1.04 to $2.06 over the past 52 weeks.
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During the last 5-year period, the sales drop of Communication Services Sector giant was -3.19%. Meanwhile, its annual earnings per share averaged 61.10%. With a float of $408.29 million, this company’s outstanding shares have now reached $483.06 million.
Let’s determine the extent of company efficiency that accounts for 3900 employees.
Clear Channel Outdoor Holdings Inc. (CCO) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Advertising Agencies Industry. The insider ownership of Clear Channel Outdoor Holdings Inc. is 16.46%, while institutional ownership is 84.53%. The most recent insider transaction that took place on Apr 10 ’24, was worth 19,505. In this transaction 10% Owner of this company sold 12,584 shares at a rate of $1.55, taking the stock ownership to the 104,859,957 shares.
Clear Channel Outdoor Holdings Inc. (CCO) Recent Fiscal highlights
In its latest quarterly report, released on 3/31/2024, the company reported earnings of -0.08 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 61.10% 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
Here are Clear Channel Outdoor Holdings Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit -0.05 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)
Looking closely at Clear Channel Outdoor Holdings Inc. (NYSE: CCO), its last 5-days average volume was 1.49 million, which is a drop from its year-to-date volume of 2.14 million. As of the previous 9 days, the stock’s Stochastic %D was 41.82%. Additionally, its Average True Range was 0.07.
During the past 100 days, Clear Channel Outdoor Holdings Inc.’s (CCO) raw stochastic average was set at 15.17%, which indicates a significant decrease from 40.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.13% in the past 14 days, which was lower than the 57.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.5232, while its 200-day Moving Average is $1.5240. However, in the short run, Clear Channel Outdoor Holdings Inc.’s stock first resistance to watch stands at $1.4767. Second resistance stands at $1.5133. The third major resistance level sits at $1.5367. If the price goes on to break the first support level at $1.4167, it is likely to go to the next support level at $1.3933. Now, if the price goes above the second support level, the third support stands at $1.3567.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
With a market capitalization of 703.74 million, the company has a total of 488,707K Shares Outstanding. Currently, annual sales are 2,127 M while annual income is -310,920 K. The company’s previous quarter sales were 481,750 K while its latest quarter income was -89,670 K.
