On Tuesday, Clear Channel Outdoor Holdings Inc. (NYSE: CCO) opened higher 0.72% from the last session, before settling in for the closing price of $1.38. Price fluctuations for CCO have ranged from $1.04 to $2.06 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Communication Services sector was -3.19%. Company’s average yearly earnings per share was noted 61.10% at the time writing. With a float of $408.29 million, this company’s outstanding shares have now reached $483.06 million.
Considering the fact that the conglomerate employs 3900 people, you should pay attention to its efficiency factor.
Clear Channel Outdoor Holdings Inc. (CCO) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Advertising Agencies industry is another important factor to consider. The insider ownership of Clear Channel Outdoor Holdings Inc. is 16.46%, while institutional ownership is 84.56%. 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
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
Check out the current performance indicators for Clear Channel Outdoor Holdings Inc. (CCO). In the past quarter, the stock posted a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.30.
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)
Compared to the last year’s volume of 2.13 million, its volume of 2.19 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 33.33%. 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 8.28%, which indicates a significant decrease from 28.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.51% in the past 14 days, which was lower than the 57.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.4986, while its 200-day Moving Average is $1.5237. Nevertheless, the first resistance level for the watch stands at $1.4100 in the near term. At $1.4300, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4600. If the price goes on to break the first support level at $1.3600, it is likely to go to the next support level at $1.3300. Now, if the price goes above the second support level, the third support stands at $1.3100.
Clear Channel Outdoor Holdings Inc. (NYSE: CCO) Key Stats
There are currently 488,707K shares outstanding in the company with a market cap of 679.31 million. Presently, the company’s annual sales total 2,127 M according to its annual income of -310,920 K. Last quarter, the company’s sales amounted to 481,750 K and its income totaled -89,670 K.
